Have policy makers learned the wrong lessons from the mortgage crisis? A new paper suggests that there’s been a rush to judgment against mortgage product features such as interest-only payments and pre-payment penalties, or fees charged for paying off a mortgage before a specific date. Michael Lea, the director of San Diego State University’s Corky… Read More
Archive for the ‘Economy’ Category
Monday, September 27th, 2010 Tags: crisis, economy, home loans, loans, report
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In his first major speech since losing the election in May, the former Prime Minister called for the establishment of a global financial constitution that sets out clear rules for banks, and urged that major powers begin to co-ordinate global economic policy. “The question is where are the jobs going to come from and where’s… Read More
Saturday, September 25th, 2010 Tags: economy, Gordon Brown, UK, US
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