Senator Elizabeth Warren’s own evidence explains the price she objects to and why blocking charters would shrink credit for the households most in need.
Category: Poverty and Inequality
A new SPPI report supplies the evidentiary record: 68 million Americans live in counties with no community bank headquarters, and rate caps move credit up the income ladder rather than lowering its price.
68 million votes for more banks: how the campaign to politicize bank charters shrinks credit for households.
The rich already invest this way. Workers should be allowed to as well.
America has created two classes of retirement savers: One class gets access to the full economy, while the other gets a neutered imitation of it.
Proposal strips critical safeguards and shifts long-term costs on to American borrowers.
Categories
The Future of Retirement is Here
The change could quietly unlock billions in hidden retirement wealth for everyday Americans.
The difference from a 6 percent rate is tiny, but the appeal to customers is big.
Rampant litigation against 401(k) sponsors is narrowing employees’ investment choices and eroding their retirement wealth.
A prohibition on institutional investors could destabilize housing markets, but a targeted exemption can protect homeowners and renters.