(13min 24) The government bailout of mortgage lenders Fannie Mae and Freddie Mac has shown the depth of the US credit crisis. Yet Christopher Joye and Joshua Gans propose that an Australia equivalent, dubbed AussieMac, would provide a minimum level of liquidity during times of financial crisis and ensure continued competition in the home loan market. (See “Rismark Wants Nationalised Aussie Mac“).
On today’s BTalk Australia Phil Dobbie speaks to Stephen Kirchner from the Centre for Independent Studies, who challenges the Joye and Gans recommendations.
Hear what he’s got to say, then add your comments in the Feedback section at the bottom of this post.
