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>2 According to a paper released by the Philadelphia Federal Reserve, 70% of the massive rise in fintech loans is simply due to regulatory arbitrage rather than
by htrp 5y ago
>2 According to a paper released by the Philadelphia Federal Reserve, 70% of the massive rise in fintech loans is simply due to regulatory arbitrage rather than fintech lenders having superior technology or lower costs. Also: shadow banks now control the riskiest segment of the market (FHA). You get what you pay for. See “Fintech, Regulatory Arbitrage and the Rise of Shadow Banks”, Buchak et al, NBER, 2017.
Under the radar comment.
- Ericson2314 5y agoOne of the long term trends of Capitalism post industrialization is that the assets bubbles get stupider and stupider. How I long for the days when the asset bubbles were laying railroads or other such things. For tulips thou art, and unto tulips shalt thou return
- robocat 5y agohttps://www.fdic.gov/analysis/cfr/bank-research-conference/annual-17th/papers/15-piskorski.pdf https://www.fdic.gov/analysis/cfr/bank-research-conference/a...