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This $2 Trillion Crisis Isn’t Just the Fed’s to Solve
Climate activists might think they have nothing in common with President Donald “Climate Change Is a Con Job” Trump. But they could bond over at least one favorite pastime: howling at the Federal Reserve.
During a Climate Week panel on housing and insurance in New York last week, investor Dave Burt — who has warned that under-insured catastrophe risks pose what could be a $2.7 trillion threat to the US housing market — urged the central bank to lend a hand. Or at least make it cheaper to lend.