Bringing you the research that your taxes already paid for.

CitiGroup

Preserving Homeownership: Foreclosure Prevention Issues

Posted Sun, 07/26/2009 - 00:00

The foreclosure rate in the United States has been rising rapidly since the middle of 2006. Losing
a home to foreclosure can hurt homeowners in many ways; for example, homeowners who have
been through a foreclosure may have difficulty finding a new place to live or obtaining a loan in
the future. Furthermore, concentrated foreclosures can drag down nearby home prices, and large
numbers of abandoned properties can negatively affect communities.

Insolvency of Systemically Significant Companies: Bankruptcy vs. Conservatorship/Receivership

Posted Mon, 04/20/2009 - 00:00

One clear lesson of the 2008 recession, which brought Goliaths such as Bear Sterns, CitiGroup, AIG, and Washington Mutual to their knees, is that no financial institution, regardless of its size, complexity, or diversification, is invincible. Congress, as a result, is left with the question of how best to handle the failure of systemically significant financial companies (SSFCs).