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.

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