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Warren Investigation Finds Taxpayers Could Be on the Hook for $10 Trillion in Risky Derivatives
Jessica Desvarieux interviews Bill Black
Monday, November 16, 2015
Warren Investigation Finds Taxpayers Could Be on the Hook for $10 Trillion in Risky Derivatives — Jessica Desvarieux interviews Bill Black
Real News Network
Warren Investigation Finds Taxpayers Could Be on the Hook for $10 Trillion in Risky Derivatives
Jessica Desvarieux interviews Bill Black
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6 comments:
Black: "improper bank regulation caused the Great Depression..."
???????
"Taxpayers on the hook!!!"
Black: "improper bank regulation caused the Great Depression..."
Asset appreciation is funded by bank lending standards rather than "cash from the sidelines," and asset bubbles emerge when that policy becomes too loose, as in the financial instability hypothesis. Stock market bubbles are usually dependent on loose margin, for example, and housing bubbles on unrealistic appraisals.
The MMT answer is to regulate lending from the asset side.
"Taxpayers on the hook!!!"
Bill doesn't dispute this in the scope of an interview like this.
Maybe he should try it....
Email him, Matt.
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