Status of the Financial Crisis Bail Out

Written By H. Pike Oliver

In 2008, the U.S. Government enacted two programs designed to shore up and restore confidence in key investment banking and mortgage lending institutions. The first of these programs was authorized by the Housing and Economic Recovery Act of 2008, enacted in July. The second was the Emergency Economic Stabilization Act enacted in early October. Collectively, they are often referred to as "The Bailout."

ProPublica is an independent not-for-profit organization that describes itself as devoted to investigative journalism in the public interest. One of the features at this organizations website is a frequently updated Bailout Tracker maintained by Paul Kiel and Dan Nguyen. As of June 2, 2016, they reported that, under the two bailout programs a  total of $620 billion had been expended. More important, revenues returned to the government totaled $688 billion.

H. Pike Oliver

Born and raised in the San Francisco Bay Area, H. Pike Oliver has worked on real estate development strategies and master-planned communities since the early 1970s, including nearly eight years at the Irvine Company. He resided in the City of Irvine for five years in the 1980s and nine years in the 1990s.

As the founder and sole proprietor of URBANEXUS, Oliver works on advancing equitable and sustainable real estate development and natural lands management. He is also an affiliate instructor at the Runstad Department of Real Estate at the University of Washington.

Early in his career, Oliver worked for public agencies, including the California Governor’s Office of Planning and Research where he was a principal contributor to An Urban Strategy for California. Prior to relocating to Seattle in 2013, Oliver taught real estate development at Cornell University and directed the undergraduate program in urban and regional studies. He is a member of the Urban Land Institute, the American Planning Association and a founder and emeritus member of the California Planning Roundtable.

Oliver is a graduate of the urban studies and planning program at San Francisco State University and earned a master’s degree in urban planning at UCLA.

https://urbanexus.com
Previous

No Good Deed Goes Unpunished
Next

Seattle Area Housing Price Bubble?