Home > Economia e Política no Mundo > O FED e O Mercado Hipotecário

O FED e O Mercado Hipotecário

4 September, 2010 Leave a comment Go to comments

“Throughout the financial crisis Fed and Treasury policy have disproportionately benefited banks and corporations. Banks were bailed out by the Troubled Asset Relief Program, benefited from regulatory forbearance such as suspension of mark-to-market rules and have profited from the Fed pushing short term interest rates to near zero which has widened the interest spread they earn. However, the policy has largely failed to directly help households and has instead relied on hopes of trickle-down effects from banks. The failure to directly help households has been a grievous policy error. Along with banks and corporations, households have needed debt relief but this has not been forthcoming. Banks have resisted meaningful loan modifications, while many households have been unable to refinance mortgages at lower interest rates because of zero or negative home equity. Consequently, the household sector has remained distressed, which has deepened the recession. It is high time monetary policy started working directly for households.”

Thomas Palley, The Fed should raise rates and lower them too

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Clique aqui para ler o artigo completo de Palley no Financial Times.

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Clique aqui também para ler a carta que Thomas Palley escreveu ao presidente Obama sobre como melhorar a situação econômica dos EUA.

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  1. 15 October, 2010 at 12:16
  2. 5 November, 2010 at 15:56
  3. 14 January, 2011 at 14:31

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