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Real Estate & Property Law

: Housing Wire

Bernanke Urges Financial Innovation, Cautions on Complexity

By KELLY CURRAN

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The concept of financial innovation has fallen on hard times, but it’s a necessary tool for the economy, says Federal Reserve Chairman Ben Bernanke — so long as it’s accompanied by proper regulation. “Subprime mortgage loans, credit default swaps, structured investment vehicles, and other more-recently developed financial products have become emblematic of our present financial crisis,” [...]

Full post as published by Housing Wire on April 17, 2009 (boomark / email).

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