Even Simple Policies Can Be Screwed Up
- UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
- Andrew C. Brod, Director, Center for Business & Economic Research (Creator)
- Institution
- The University of North Carolina at Greensboro (UNCG )
- Web Site: http://library.uncg.edu/
Abstract: The subprime lending crisis that is still roiling financial markets was caused in part by excessive complexity. The securitization of mortgage loans was so complicated that it flummoxed regulators and rating agencies.
But bad policy can happen even when things are simple. Payday lending is a perfect example.
Even Simple Policies Can Be Screwed Up
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Created on 8/29/2008
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Additional Information
- Publication
- Brod, Andrew (2008). Even Simple Policies Can Be Screwed Up. The Business Journal. Aug. 29 – Sept. 4 2008, 38
- Language: English
- Date: 2008
- Keywords
- Payday loan, Misconceptions, Interest, State law