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Think Tank: Derivatives explained, spending cuts made specific

1) This Congressional Research Service report on derivatives is probably the clearest thing anyone has ever written on the subject -- myself included.

2) Did financial illiteracy contribute to the subprime crisis? Seems so: "Twenty percent of the borrowers in the bottom quartile of our financial literacy index have experienced foreclosure, compared to only 5 percent of those in the top quartile."

3) Raj Date writes a great paper explaining too-big-tofail, and the options for getting past it.

4) The Center for American Progress lays out what you'd actually need to do to balance the 2015 budget entirely with spending cuts.

5) If we're actually going to start in on immigration reform, people should think through the Drum Major Institute's take on the subject, which tries to build out an immigration-reform policy that works for the legal middle class.

By Ezra Klein  |  April 26, 2010; 4:53 PM ET
Categories:  Think Tank  
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Comments

The Congressional Research Service, part of the Library of Congress, is a great national resource. You can keep an eye on their new reports, which become available as the members of Congress who request research release them, at Open CRS http://opencrs.com/

Posted by: bdballard | April 26, 2010 6:12 PM | Report abuse

As often is the case, your link to the Raj Date paper is broken.

Posted by: wdoneil | April 26, 2010 8:02 PM | Report abuse

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