Government Interventions in Financial Markets : Economic and Historic Analysis of Subprime Mortgage Options.

Reviews policy issues tied to Government interventions in financial markets, explains mortgage subprime delinquency and default, and describes nature of subprime reset problem. Summarizes and analyzes four previous Government market interventions to modify market outcomes, in light of current mortga...

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Bibliographic Details
Corporate Authors:	Library of Congress. Congressional Research Service, ProQuest (Firm)
Format:	eBook
Language:	English
Published:	[Place of publication not identified] : [publisher not identified], 2009.
Series:	U.S. Congressional Research.
Subjects:	Finance. Fiscal policy. Business. Electronic books.
Online Access:	Connect to the full text of this electronic book

Description
Summary:	Reviews policy issues tied to Government interventions in financial markets, explains mortgage subprime delinquency and default, and describes nature of subprime reset problem. Summarizes and analyzes four previous Government market interventions to modify market outcomes, in light of current mortgage market conditions and current proposals to help delinquent homeowners. Covers Government market interventions of the Home Owners Loan Corp. in 1933, Continental Illinois in 1984, the savings and loan industry in 1989, and Brady bonds in 1989. Covers legislative action in the 111th Congress.
Item Description:	Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. Electronic resource.
Physical Description:	1 online resource.