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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SOURCE Full Disclosure Network