Back in 2008, as the mortgage crisis metastasized, FDIC chair Sheila Bair, a Bush appointee, was for it. John McCain, under tutelage of his economic advisor, former CBO director Douglas Holtz-Eakin, was for it (twice, in two forms). In early 2009, leading Senate Republicans were for it. Today, former Reagan Council of Economic Advisers Chair Martin Feldstein is for it. And we learn it today's FT that Glenn Hubbard, George W. Bush's Council of Economic Advisers chair, is also for it.
"It" is large-scale mortgage relief for underwater homeowners. Bair, McCain-Holtz-Eakin, and Feldstein called for principal writedowns. Hubbard wants interest rates reduced to today's low levels:
Showing posts with label Glenn Hubbard. Show all posts
Showing posts with label Glenn Hubbard. Show all posts
Tuesday, October 18, 2011
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