| May 18, 2011 1:28PM One obvious lesson we've all learned from the ongoing mortgage crisis: everyone loses when consumers are unable to determine if they can afford to pay back their loans. Unfortunately recent government regulations have made credit products, especially mortgages, even more opaque with mandated disclosures in obscure legal language produced in small type. As a result, an extra burden has been imposed on lenders while providing no additional benefit to consumers. Transparency is critical and today much... May 18, 2011 4:01PM The main observation we take away from the FOMC Minutes : UNCERTAINTY OVER THE IMPACT OF RISING ENERGY PRICES Here is a brief recap of the internal debate surrounding the impact of expensive energy prices, using excerpts from the release.... In discussing intermeeting developments and their implications for the economic outlook, participants agreed that the information received since their previous meeting was broadly consistent with continuation of a moderate economic recovery , despite an unexpected...
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