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KNPR's State of Nevada About SON Archives Participate Specials
Mark Kleiman Talks Marijuana Laws
Gut Feeling: What We Learned From The Hazda About Digestion
Missing Out On A High School Diploma
Council Votes For Horse-Drawn Carriages
Utah Keeps 'Utes' As Mascot
The Progressive Bluegrass Sounds Of The Infamous Stringdusters
Why Don't We Know Who's Behind the Kelly Cheating Scandal?
The Good Foods Of Lent
Castro And Patrick Spar Over Immigration
Boycott Las Vegas Say Social Conservatives
How Safe Is Your Food?
Robert Coover And The Return Of The Brunists
Behind The Bundy Ranch Standoff
Can 'Serious' Reading Happen Online?
BASE Jumping: The Allure And The Danger
Lynne Jasames On Why 'It's Okay To Cry'
Tax Advice For The Alternative Economy
The Secret History Of Las Vegas
Anti-Government Protesters Win Round Against BLM
Deal Reached Between North Las Vegas And Labor Unions
Bryan Ferry (Of Roxy Music) Brings His Orchestra To Vegas
Is Tipping Obsolete?
Being Oscar
The Life Cycle Of A Mall

Government Owns Mortgage Market
Government Owns Mortgage Market

AIR DATE: January 2, 2013

Even though the Bush Administration said it would not nationalize banks at the height of the financial crisis, the government has stumbled into owning much of the national mortgage market. That's the finding of a ProPublica investigation. And it has implications for fragile real estate markets like Las Vegas.
Jesse Eisinger, Reporter, ProPublica


    comments powered by Disqus
    This whole idea that the government must provide mortgage funding or it will not exist, or that it must set interest rates or no one will know what to charge or what to pay, or even that government must provide money or commerce will not occur is totally ridiculous. Any economist worth their salt will tell one that all of these things existed long before government meddling in the market. And, importantly, before government, all of these things were much more efficient and much "fairer". Then, foolish projects were not financed, people unfit to have a loan were not financed, and no banks were bailed out. Indeed, history teaches valuable lessons!
    Tom HurstDec 19, 2012 11:33:35 AM
    ok ?
    JamesDec 19, 2012 10:32:48 AM
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