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Edward L. Glaeser

Sensible solutions to the lending mess

By Edward L. Glaeser
September 7, 2007

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GOVERNOR DEVAL PATRICK is reportedly moving toward a proposal that would give up to $5,000 to people who lose their homes in a foreclosure. This is a sensible and humane response to the subprime crisis, but there may also be ways to help avoid more foreclosures altogether. If the state can induce lenders to offer refinancing at lower interest rates, ... (Full article: 724 words)

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