Steve Keen’s take on BIS report & Barry Eichengreen talks Fed & regulation
Our lead story: In the five years since the financial crisis, auto loans to people with tainted credit have risen more than 130 percent! Last year, roughly one in four new auto loans went to borrowers with subprime credit. Erin takes a look.
She also sits down with Steve Keen to get his take on the latest BIS report and their criticism of monetarist solutions to our economic woes. After the break, Erin brings you part two of her interview with Dr. Barry Eichengreen. They discuss the Chinese yuan, capital controls, and the Federal Reserve and regulation. Take a look.
And in today’s Big Deal, Erin talks with Thom Hartmann and discusses telecom mergers and monopolies. Is the consumer being left out? Check it out!
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