))
Episode 263: What is Extend-and-Pretend?
Manage episode 448946058 series 3506295
Content provided by Dr. Joseph Bergquist. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dr. Joseph Bergquist or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
This episode examines a recent report from the Federal Reserve Bank of New York titled “Extend-and-Pretend in the U.S. CRE Market.” This report was published in October 2024. The report shows that banks “extended-and-pretended” CRE mortgages in the post-pandemic period to avoid write offs against their capital and this led to credit misallocation and a buildup of financial fragility. A link to the report is included below.
Link: Extend-and-Pretend in the U.S. CRE Market - FEDERAL RESERVE BANK of NEW YORK
100 episoade
Distribuie
