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Thursday, October 4, 2012

Helping Housing Market and Banks Without Stiffing Taxpayers

Last night's presidential debate was short on any substantive discussion of how to help the residential real estate market, in which the last decade's decline in value represents perhaps the greatest source of wealth destruction in this nation's history. Accordingly, I reprise my comprehensive solution to help both the housing market and the banking sector, while also not costing the taxpayer one penny.

(This article was originally published in the FPC Journal from the financial think tank the Financial Policy Council in May 2012.)

Eric Dixon is a New York corporate and investigative lawyer, and member of the Financial Policy Council's board of directors.

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