Economist Robert Shiller
Last week the federal government announced the takeover of mortgage finance giants Fannie Mae and Freddie Mac in yet another attempt to rescue the housing finance industry. In his new book, “The Subprime Solution,” Yale economist ROBERT SHILLER calls for an aggressive response to the crisis. Shiller is the author of Irrational Exuberance in which he foretold the coming crash of the tech bubble.
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