Daniel Indiviglio is a Reuters Breakingviews columnist, based in Washington, where he covers the intersection of politics and business. He joined from The Atlantic, where he covered a similar beat, providing analysis on topics such as financial regulation, housing finance policy, the Treasury, and the Fed. He also wrote for Forbes. He is a 2011 Robert Novak Journalism Fellow through the Phillips Foundation. Prior to becoming a journalist, Dan spent several years working as an investment banker and a consultant for financial services firms. He holds a BA from Cornell University, where he triple majored in economics, philosophy and physics. Follow Dan on Twitter @indiviglio
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Academics at the AEI, a free-market think tank, have hit on what may be a simple solution to the nation’s home-loan morass: replace the 30-year mortgage with a 15-year product that quickly gets borrowers’ skin in the game. Even BofA and an affordable housing advocate support it.
U.S. lawmakers may allow banks to raffle off prizes to customers who sock away certain amounts. It’s a wacky idea – and a sad commentary on the sorry state of Americans’ savings accounts. Anything that promotes prudent financial behavior, though, could be worth the gamble.
Despite higher university enrollment, wages are falling for young Americans. Research from the New York Fed shows higher education isn’t always a good investment. Some degree programs aren’t paying off. Loading up on debt to pay soaring tuition fees is riskier than it seems.
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