Thursday, June 16, 2011

When the loans become bad ...

Books of Account
Guaranteed to Fail
Viral V. Acharya, Matthew Richardson, Stijn Van Nieuwerburgh, and Lawrence J. White
(Harper)

When the clutch becomes a crutch

There are distinct parallels between the foray of Indian government into rural banking and the role of Fannie Mae and Freddie Mac in the US, observe Viral V. Acharya, Matthew Richardson, Stijn Van Nieuwerburgh, and Lawrence J. White, in Guaranteed to Fail (Harper).

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