The middle class and those aspiring to be part of it are discovering that owning a home has not been a great financial planning option when compared to other long-term investments.

FORBES: How Is Federal Housing Policy Populist When Prices Are Rising?

In the current issue of Forbes, I write about moves by solar companies SunRun and SolarCity to bundle leases for residential photovoltaic arrays into asset-backed securities that can be sold to pension funds, insurance companies and other institutions seeking long-term investments that generate steady cash flows.

FORBES: The Asset-Backed Security On Your Roof

Now Fenster is leading the charge to bundle those residential solar leases into securities that can be sold to pension funds, insurance companies and other institutions looking for long-term investments that offer a steady cash flow.

FORBES: Magazine Article

The rules would both force the Pru to hold more expensive capital and discourage it and other institutions like the Pru from making long-term investments.

BBC: Pru's fears for British investment