Mayer: Lowering Mortgage Rates Will Save Taxpayers Money
Thursday, September 10th, 2009Columbia Business School Professor Chris Mayer discusses why his plan with Dean Glenn Hubbard to lower mortgage rates will not only provide a sizeable economic stimulus but also stem the decline in house prices, protecting the government and taxpayers from future losses. “Fundamentally, our proposal is about restoring normally functioning credit markets,” says Mayer. Learn [...]
