CFPB: Data collection practices within the norm for regulators

CFPB: Data collection practices within the norm for regulators

Data collection essential for effective financial regs, spokesman tells HW

NMS Monitor: Is the 30-year mortgage the best product?

Challenges attendees at ABS East to “do something better"

Ginnie Mae launches 5 new initiatives to increase mortgage lending

HUD secretary warns American Dream remains out of reach
W S
Lending / The Ticker

Stanford finance professor's housing solution gains ground

New book helps garner support

House

Anat Admati, the Stanford finance professor, is becoming a more prominent figure in finances and in Washington, especially with her recent book, “The Bankers’ New Clothes: What’s Wrong With Banking and What to Do About It.” She even left a copy in the hands of President Obama last month.  Per The New York Times:

Ms. Admati’s simple message is that the government is overlooking the best way to strengthen the financial system. Regulators, she says, need to worry less about what banks do with their money, and more about where the money comes from.

Her solution is to make banks behave more like other companies by forcing them to reduce sharply their reliance on borrowed money. That would likely make the banking industry more stodgy and less profitable — reducing the economic risks, the executive bonuses and, for shareholders, both the risks and the profits.

Source: NYT
Read full story

Recent Articles by Brena Swanson

Comments powered by Disqus