Alan Blinder's proposal to prompt banks into more lending could work, and that's the problem. A flood of easy lending caused a credit boom that ended in a housing bust.
The recent Federal Reserve announcement that the Great Recession caused median family net worth in the U.S.
Credit card issuers are once again aggressively pursuing sub-prime customers.
Banks that received federal bailout money ended up approving riskier loans and shifting capital toward risky investments after getting government help, say researchers at the Ross School of Busines
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