# Prof. Viral Acharya on fiscal risks of government programs

1 Faculty News August 27, 2012 ![The Economic Times logo](/sites/default/files/styles/246w/public/assets/images/con_032922.jpg?itok=VCGfauqd)>

Excerpt from [The Economic Times](http://articles.economictimes.indiatimes.com/2012-08-27/news/33425005_1_financial-sector-financial-crisis-private-sector) -- "In our assessment at NYU Stern, we have suggested less government backing for housing so as not to encourage overconsumption of housing, contain US fiscal risks, etc, but the biggest resistance we get is from the private financial sector, besides the households themselves."

[Read more](http://articles.economictimes.indiatimes.com/2012-08-27/news/33425005_1_financial-sector-financial-crisis-private-sector)