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Martin Feldstein, headed Council of Economic Advisers under President Reagan. His plan is to go to the root of the problem, which is the estimated 40% of mortgages expected to be worth less than market value of the home by Deutsche Bank estimates as the crisis peaks.
Housing Pain Gauge: Nearly 1 in 6 Owners 'Under Water'
Wall Street Journal 10/08/2008
The Problem Is Still Falling House Prices
Wall Street Journal 10/04/2008
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