Securitization Shouldn’t Be the Government’s BusinessAmar Bhide
Sept. 10 (Bloomberg) -- As we should have learned from the 2008 financial crisis, the mass production of securitized credit enables reckless borrowing, shortchanges productive businesses and destabilizes banks. It has been nourished by regulation, not its inherent economic advantages. Yet officials in Washington continue to favor this top-down misdirection of credit.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Trump's Re-Election Edge Is Greatly Exaggerated
- Piketty's Inequality Theory Gets Dinged
- Stick With Numbers When Judging Trump's Rally
- Trump's Numbers Guy Isn't Great With Numbers
- The Harder Brexit Gets, the More Necessary It Seems
- We Libertarians Were Really Wrong About School Vouchers
- Think the U.S. Has a Facebook Problem? Look to Asia