Third Way Perspectives

Subscribe via RSS

Author Archive

The Next Shoe to Drop in the Financial Crisis

October 7th, 2009

by and

Originally published in Roll Call.

In July, the Joint Economic Committee held a hearing on one of the least talked about dangers to our economy — a collapse of commercial real estate. The chairwoman, Rep. Carolyn Maloney (D-N.Y.), called it “a ticking time bomb,” the next shoe to drop in the ongoing national real estate crisis. To avoid another round of default, recession and bailout, the federal government should look to Main Street rather than Wall Street.

Read the rest of this entry »