Fixing America's Housing Market

Stiglitz, Joseph E.

The article discusses the anomaly of the housing market in the U.S. where hundreds of thousands of houses in the U.S. are still vacant but there are also hundreds of thousands of homeless people. It states that reviving the housing market is difficult because of the bad financial shape of the banks and the securitization model is broken and is not to be replaced anytime soon. It adds that the U.S. government of President Barack Obama is reluctant to face these difficulties.



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International Economy

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March 26, 2013