Markets unaffected by these policies experienced bubbles, too.
There were also credit crises in other countries that have no such home ownership policies or agencies. Also, there was a similar crisis in US commercial real estate. Moreover, there was no crisis in Canada, which does have similar home ownership policies.

CONTEXT(Help)
-
The Global Financial Crisis »The Global Financial Crisis
▲
Long-term causes of the financial crisis? »Long-term causes of the financial crisis?
▲
Unintended consequences of earlier public policy choices »Unintended consequences of earlier public policy choices
▲
US policies to encourage home ownership promoted risky lending »US policies to encourage home ownership promoted risky lending
■
Markets unaffected by these policies experienced bubbles, too.
+Comments (0)
+Citations (1)
+About