Showing 1-2 of 2 results
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The case against subsidising housing debt
Business, Jeffrey Frankel, Published on 31/05/2017
» At the end of the first quarter, according to the Federal Reserve Bank of New York, consumer debt in the United States for the first time exceeded its previous peak (in dollars), reached in the third quarter of 2008, just as the global financial crisis erupted. Although car loans and student debt have been rising especially rapidly, housing debt remains more than two-thirds of the $12.7-trillion total.
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Making crises great again: Financial reform in the US
Business, Jeffrey Frankel, Published on 06/03/2017
» Debates about financial regulation tend to focus on quantity, not quality. But "more versus less" isn't so much the issue; the details are. And when it comes to financial reform in the United States, President Donald Trump is unlikely to get the details right.
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