Fed Reserve Historian Blames Housing Incentives as Wrong & Harmful: Full Disclosure Network(R) Internet - TV Series
WASHINGTON, July 30, 2014 /PRNewswire-USNewswire/ -- Watch this revealing 2-minute preview video here in Segment 4 of 6. Economist Allan H. Meltzer, Ph.D., charges that Fannie Mae and Freddie Mac fostered the wrong incentives that led to the home foreclosure situation. He points out that the public's interest takes a back seat to the Securities and Exchange Commission (SEC) training that undermines regulators' objectivity and promotes impractical, harmful policies.
Full Disclosure Network(R) continues its historic Internet TV series examining the Federal Reserve System and its proper role in an interview with Allan Meltzer, Ph.D., Professor, Carnegie Mellon Tepper Graduate School of Business, Senior Fellow at Hoover Institute, and author of a three-volume history of the Federal Reserve. Dr. Meltzer believes that changing incentives for those who are regulated, paying for their mistakes, such as insisting they hold 15% equity capital and requiring non-payment of dividends and bonuses if it drops to 10%, is a huge incentive for change. Watch the full video at this URL: http://www.fulldisclosure.net/2014/07/housing-incentives-wrong-656-2/
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The Emmy Award-winning Full Disclosure Network(R) is "the news behind the news," focusing on the crucial issues confronting the U.S. today. Experts in diverse fields present their observations of local, state, federal and international actions and laws that directly affect the public. The wide range of subjects include Judicial Malfeasance, the Rule of Law, Educational and Political Interviews, Police and Sheriff's Departments, Immigration Reform, and many more informative, one-on-one interviews. Since 1992, the Full Disclosure Network(R) programming has been featured on public cable channels and on the Internet at www.Fulldisclosure.net
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SOURCE Full Disclosure Network