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Ellen Seidman on 'Regulating to Avoid the Next Financial Crisis'

What ever caused the sub-prime mortgage crisis to become a full-blown credit freeze, its clear that at its core were bad mortgage loans made to borrowers who didnt understand the long-term implications of the loan by lenders acting in their own self-interest. Meanwhile, credit card balances and delinquencies are skyrocketing. And the personal savings rate stays mired at about 1%. Can regulation do anything about this? Maybe -- if it is attuned to both consumers and producers behavior, incentives and self-interest.
Length: 01:13

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