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Columbia Business School Professor Tomasz Piskorski spoke with Newsweek reporter Hugh Cameron about a proposed $200 billion mortgage bond plan and its potential implications for U.S. homeowners. Piskorski explained that large-scale interventions in mortgage-backed securities markets can influence borrowing costs, credit availability, and risk distribution across the financial system. He noted that while such a plan could provide temporary relief or liquidity, its long-term effects would depend on execution, market response, and how risks are ultimately borne by taxpayers, lenders, and borrowers.
