All Posts Tagged With: "New Century Financial"

Subprime Monetary Policy

In recent years monetary policy has been conducted so as to create an expectation that the Federal Reserve will bail out investors when asset bubbles deflate. Investors have come to bank on the Fed’s backing of risky ventures. The recent crisis in the subprime mortgage market is at least partly the outcome of this new [...]

1Nov2007 | Gerald P. O'Driscoll, Jr. | 2 comments | Continued
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