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Economists, Obama administration at odds over role of mortgage debt in recovery

Publié par Clifford Armion le 23/11/2012

Zachary A. Goldfarb

One year and one month before President Obama won reelection, he invited seven of the world’s top economists to a private meeting in the Oval Office to hear their advice on what do to fix the ailing economy. “I’m not asking you to consider the political feasibility of things,” he told them in the previously unreported meeting.
There was a former Federal Reserve vice chairman, a Nobel laureate, one of the world’s foremost experts on financial crises and the chief economist of the International Monetary Fund , among others. Nearly all said Obama should introduce a much bigger plan to forgive part of the mortgage debt owed by millions of homeowners who are underwater on their properties.
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"Economists, Obama administration at odds over role of mortgage debt in recovery", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), novembre 2012. Consulté le 28/09/2020. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/economists-obama-administration-at-odds-over-role-of-mortgage-debt-in-recovery