Media reports indicate that banks are poised to reach a settlement with the federal government and state attorneys general over bad mortgage lending practices. Headlines focus on the topline dollars involved—up to $25 billion, according to most accounts. Negotiations have been ongoing for months, and the details are so complex that the implications—legal, economic, and political—can be hard to decipher. Here’s my take:
What's new on AEI
|How to beat Memorial Day traffic forever|
|Bernanke stumbles, markets react|
|Don't edit the First Amendment|
As the controversy over climate policy has grown, it has been said that greenhouse gas (GHG) control is too hard but solar radiation management (SRM) is too easy. Join AEI for a discussion of the potential economic benefits, as well as the risks of SRM with Lee Lane, J. Eric Bickel and Nobel Laureate Thomas Schelling. A reception will follow.
At this event, panelists will address pension reform challenges by presenting the results of three research papers commissioned by AEI through a generous grant from the Smith Richardson Foundation.
Mark Warshawsky, a well-known expert in retirement finance and a newly appointed commissioner, will explain the implications of a publicly funded long-term care insurance program. Then a panel will debate whether another government program the best way to ensure that families can afford to provide the necessary services for their aging loved ones.