Faculty News

Prof. Lawrence White on mortgage lending at Wells Fargo

Excerpt from Reuters -- "In the 1980s, U.S. savings-and-loans were felled by such a rate squeeze, as well as risky investments they made, said Lawrence White, an economics professor at New York University's Stern School of Business and a former savings and loans regulator. Wells can hedge this risk and has a much more diversified balance sheet than the savings-and-loans had, White said."

Read more