by Mark Thoma, University of Oregon (Department of Economics)

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Paul Krugman: Another Temporary Fix

Posted on July 28, 2008

Paul Krugman says financial regulation needs to be extended to cover a much wider range of institutions if we are to avoid even bigger future disasters :Another Temporary Fix, by Paul Krugman, Commentary, NY Times: So the big housing bill has passed Congress. That s good news: Fannie and Freddie had to be rescued, and the bill s other main provision a special loan program to head off foreclosures will help some hard-pressed families. ...But I hope nobody thinks that Congress has done all ... of what needs to be done. This bill is the latest in a series of temporary fixes to the ...

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foreclosures , greenspan , housing