Shiller on housing, mortgage fixes

I hope everyone had a great Thanksgiving holiday weekend. It's hard to believe we're almost done with 2007 -- a year that will surely go down as one of the most interesting for the credit markets in a long, long time.

Anyway, there was an interesting piece in the New York Times from Robert Shiller yesterday. If you missed it, he discusses some of the possible "fixes" for the housing and mortgage mess. It's worth noting that he is implying the downturn now could be one of the most severe for the housing market since the Great Depression.

On a different note, I had the pleasure of contributing to a documentary on the housing bubble a couple of weeks ago. The show, "Despres de la bombolla" (forgive my lack of accent marks -- I can't type them on Blogspot), was produced by a TV network in Spain "Televisio de Catalunya," somewhat similar to PBS here in the States. Anyway, if you know the Catalan language, and would like to watch, it's now available online at this link.