More Renters, Less Risk for Wall St.

Economics Professor Alan Taylor is quoted by the New York Times.

Is it time to temper the American dream of homeownership?

If you want to curb the power of Wall Street and reduce the risk that the financial system will bring the rest of the economy tumbling down again, there may be no other choice.

“What is the cost of a crisis I don’t prevent against what is the cost to tame finance?” asked Alan M. Taylor, an economist at the University of California, Davis. “We’ve only been thinking about this for a short time.”

Read more at the New York Times.