All Commentary
Tuesday, March 29, 2011

New Mortgage Security Rules in the Offing


“Banks will be forced to retain some risk when they securitize all but the most conservative mortgages under rules that regulators are expected to vote on Tuesday. But the banks are likely to be given wide leeway in determining what risks to keep.” (New York Times)

Once again the government promises to solve a problem it created.

FEE Timely Classic
“Government Must Keep Track of Derivatives?” by Robert P. Murphy