New Orleans The press is making a big deal of Mel Watt’s comments as the chief housing regulator at the Federal Housing Finance Agency to the Mortgage Bankers Association’s convention in Vegas. He claims he has a new plan to loosen up the rules so that banks finally lend some money to first-time buyers and …
Tag: subprime
Crisis of Accountability for Microfinance in India
New Orleans Microfinance has many positives, but should never be confused or misnamed as a “poverty reduction” strategy. There is simply no way to reduce poverty through debt. Microfinance or microcredit or micro-lending or whatever the name has a value for the poor as a way to access minimal credit to create or improve livelihoods, …