This article is part of The Rooftop, a blog and multimedia series from New America’s Future of Land and Housing program. Featuring insights from experts across diverse fields, the series is a home for bold ideas to improve housing in the United States and globally. by Caroline Nagy, Associate Director of Housing Policy, Americans for
We have all suffered the consequences of overhyped credit ratings before. When the rating agencies awarded a safe investment seal of approval on risky subprime mortgage securities in the early 2000s, it gave investors and the financial system reassurance while the mortgage-backed securities (MBS) and collateralized debt obligations became ticking time bombs. Are we about to repeat that mistake?
Under Postmaster General David Steiner, the post office began making changes to the way it handles federal election mail that would have let it refuse to deliver ballots to certain voters.
The SEC is proposing to get rid of the “pay-to-play” rule, which prohibits asset managers from providing services to a government client (including state and local public pensions) for two years after making a political contribution to certain elected officials or candidates. If successful, the SEC would eliminate an important safeguard against private equity, venture capital, and hedge funds bribing their way into lucrative contracts and exposing pension plans — and the workers and retirees who depend on them for their retirement security — to harm.
By Alex Martin, Policy Director, Climate Finance and Caroline Nagy, Associate Director of Housing Policy Today, senior level insurance insiders issued a wake-up call in a new report, “Sounding the Alarm,” released by Inside Track, that details their decades of cumulative experience in the industry. Their exposé confirms what we’ve long suspected: our long-term climate
While the issue of availability and affordability for single-family home insurance has received significant attention, spiking insurance premiums are also causing dramatic impacts on rental housing, which is home to over 100 million people in this country, or 35 percent of the U.S. population.