Monday, February 10, 2014

NY Fed: The Transformation of Banking: Tying Loan Interest Rates to Borrowers' Credit Default Swap Spreads

A researcher at the New York Federal Reserve has published a study about banks tying the interest rates that borrowers pay to their credit default swap spreads.  It is easy to envision banks, as a next step, tying consumer interest rates to our FICO scores.  

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