Hindsight may show the government’s bank guarantee was a prudent policy. But as Steve Keen argues, turning mortgage funds into banks might not be remembered so favourably.
Mortgage funds
Why turning mortgage funds into banks is bunkum
Only a government cuold devise an idea like turning mortgage funds into banks, writes Glenn Dyer.
A pain-free way of guaranteeing mortgage funds
Glenn Dyer proposes a mehtod for guaranteeing mortgage funds that restores some faith in the funds themselves. And it doesn’t involve any taxpayers’ money.
