Display:
Thanx for a good article. Articles such as this are the reason that eurotrib is on my daily reading list. I want to point out that Fannie and Freddie wrapped and also held a large quantity of Alt-A, although Fannie has recently stopped the practise http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ac.pGKwsRx5k

You point out that the regulation and reward system for both the housing and nuclear industries have failed in the USA. Would you have any specific recommendations to help the situation ?

sidd

by sidd on Wed Aug 20th, 2008 at 01:17:33 PM EST
Well, the carrot is fine for mortgages, but the stick (which used to exist) was dismantled.

The stick mostly works for nuclear (I persoanlly believe that regulation is tough enough) but the carrot has not been used. Low cost funding for all energy investments could be put on the table. It would be 'market neutral' but would massively favor wind and nukes.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Aug 20th, 2008 at 02:51:07 PM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Occasional Series