To keep recession away, the Federal Reserve lowered the Federal funds rate 11 times - from 6.5% in May 2000 to 1.75% in December 2001 - creating a flood of liquidity in the economy. Cheap money, once out of the bottle, always looks to be taken for a ride. It found easy prey in restless bankers—and even more restless borrowers who had no income, no job and no assets. These subprime borrowers wanted to realize their life's dream of acquiring a home. For them, holding the hands of a willing banker was a new ray of hope. More home loans, more home buyers, more appreciation in home prices. It wasn't long before things started to move just as the cheap money wanted them to.

A home provides stability and financial predictability

Medical groups, managed care organizations, or, most commonly, hospitals often find it attractive to support hospitalist programs. If hospitalists improve quality, shorten lengths of stay, and decrease costs while satisfying patients and other providers, the return on these organizations' investments in hospitalist programs is highly favorable. Over time, it will be critical that professional fee reimbursement rates be adjusted so that a sustainable hospitalist workload creates sufficient income to support a full salary.

To conclude, the possibility of receiving a loan increases based on our experience. In some cases, we have even seen a drop in the interest rate. This results in more people receiving access to credit with a better interest rate thanks to increase of scoring model accuracy. We believe that designing systems from the start in discrimination-conscious way will reduce the risk of machine-learning algorithms introducing unintentional bias much like humans do. This should avoid the moral problem of discrimination. In addition, requiring drivers to pass an eye test discriminates against the blind, but eyesight is quite essential to safely drive a car. As the last exclusion is justified then loaning to people who are not creditworthy should be an acceptable exclusion as well.

real interest rates are determined by a wide range of economic factors, including prospects for economic growth—not by the Fed.

Community Financial Services Association of America

the financial crisis convinced him that national currencies were vulnerable to politics and bad decision-making

A ‘Financial Katrina’ is unfolding, which conveniently (for the developers) threatens to wipe out low-income neighbourhoods on potentially high-value land in many inner-city areas far more effectively and speedily than could be achieved through emi-nent domain.