The David Laibson plan for doing away with misleading teaser-rate mortgages (ban prepayment penalties, he says), introduced in this blog last week, has been getting some attention from econobloggers. It has also generated this appalled response from self-proclaimed “real-world libertarian” Kip Esquire: It takes a special kind of arrogant, “central planner wannabe” mentality to insist [...]
The FT has an intriguing interview with Jean-Pierre Mustier, chief executive of Societe Generale’s corporate and investment banking division: Mr Mustier reckons that credit conditions will normalise at around the level they were late in 2004. This means that private equity groups will be able to borrow to finance leveraged buy-outs, but at one or [...]
