Covering a housing or banking story today? Here’s the latest from the experts on the AEI financial services team.
The year 1914 was a flexion point in history. Is Thiel right in supposing, or fearing, that 2007 was a flexion point too? There are unsettling indications that the answer is yes.
GE’s withdrawal from the financial-services business is being hailed in Washington as a victory over “shadow banking.” This is akin to celebrating the criminal-justice system when a prisoner hangs himself in his cell.
In order to revive the private secondary-mortgage market, Congress instructed the FHFA to raise the fees, told the agency how to do it, and gave the agency a 2013 deadline. That deadline is long past. It is time for the FHFA to obey the law.
General Electric recently announced that it would sell off its financial services unit, GE Capital. The news comes five years after the passing of the Dodd-Frank law, and it seems the two events are closely related.
Central bankers want to control the economy using macroprudental regulation to allocate savings. Which outcome will we get?
To the detriment of the party of the incumbent president, growth-depressing policy uncertainty seems to peak around midterm and presidential elections. This bodes poorly for Mrs. Clinton in 2016.
In this working paper, Paul Kupiec develops an algorithm to approximate the loss rate distribution for fixed income portfolios with obligor concentrations.
Analysts’ claims that Americans face a retirement crisis overstate what households will need in retirement, fail to account for how the presence of children in a household affects the need to save, and incorrectly point to households’ declining wealth-to-income ratios as a sign of deteriorating retirement saving.
Since 2008 the Fed has run vast, and risky, economic experiments without effective congressional oversight.