A very good speech by Dennis Lockhart on housing, credit as well derivatives! A MUST SEE VIDEO! I recommend it to everyone! Dennis P. Lockhart (born February 1, 1947) is President and CEO of the Federal Reserve Bank of Atlanta. He assumed office on March 1, 2007. From 2003 to 2007, Lockhart served on the [...]
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On clarification: I shouldn’t have said ALL the interest goes to a bank. Part generally goes to either the Fed or depositor of an interest bearing account. The bank only skims the difference in the interest rates. My views on the debate about inflation vs. deflation and the subprime mortgage crisis. keywords: bear stearns banking [...] Saturday Scholar Series: saturdayscholar.nd.edu |
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