Jason talks with Bob Pozen, Senior Lecturer at MIT’s Sloan School of Management, a Senior Research Fellow at the Brookings Institute and former Associate General Counsel for the SEC, about what a Trump administration could mean for the US real estate market on the whole. They also discuss how potential changes to legislation like Dodd-Frank could mean good things to small and medium sized banks, as well as increasing how much big banks lend. Bob has two books: Extreme Productivity, and Too Big to Save.
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Key Takeaways:
[2:11] Legislation that may be changed through banking system while Dodd-Frank is left as is.
[5:50] There has been too much regulation on small to medium sized banks.
[7:33] The problems are Fannie Mae and Freddie Mac are they were never public nor private.
[11:13] The FHA and VA insure 100% of the mortgages made by banks.
[11:55] More money flowing into the real estate market will cause an upward pressure on prices.
[14:46] Home buying increases when rates start to go up but then level out.
[15:28] Pozen was chosen by President Bush to join a bipartisan commission to strengthen Social Security.
[17:00] Security and Exchange Commission has constraints regarding employees working for corporations after their service.
[19:22] Getting to the gist of Bob Pozen’s book Too Big to Fix.
[21:59] Peer-to-Peer lending is pretty much unregulated.
[23:38] As the economy strengthens banks should lend more.
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