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Ukraine + Russia Peace Reconstruction Effort Groups


Policy errors and lack of focus on unemployment and the economy of the Obama administration

04/04/2009

The focus on health care reform comes at the wrong time when when the U.S. economy and high unemployment were priorities that needed attention, say experts. Feldstein points elsewhere to the lack of attention to the housing crisis and reducing foreclosures through homeowner assistance. These errors of the Obama administration increased business uncertainty in the U.S. just as the eurozone crisis worsened.

Grouped Articles

Of Princeton pair of Krueger and Krugman, it matters which is going to Washington - The Washington Post

Washington Post 09/06/2011

Stimulus and the Depression: The Untold Story

Wall Street Journal 09/26/2011

Geithner's Bank Plan Is a Good Start

Wall Street Journal 04/04/2009

Uncertainty and the Slow Recovery

Wall Street Journal 01/04/2010

Roseland, Where Obama the Politician Was Born

New York Times 08/15/2012

Old Obama acquaintance voices South Side’s disillusionment with his former ally - The Washington Post

Washington Post 08/17/2012

Martin Feldstein's Op-ed in the WSJ, April 4, 2009, suggesting an alternative solution to the U.S. housing mortgage crisis during the 2008 global financial crisis

04/04/2009

The alternative solution would have been fairer to homeowners and reduced the wave of foreclosures that hit the U.S. in 2009-2013. The result was a double blow to the economy from foreclosures and higher unemployment, increasing inequality, and reversing decades of gains in strengthening the social fabric of America. Feldstein was Chairman of the Council of Economic Advisors under President Reagan and is a professor at Harvard.

Grouped Articles

Geithner's Bank Plan Is a Good Start

Wall Street Journal 04/04/2009

The Case Against the Bernanke-Obama Financial Rescue

New York Times 05/16/2014

Bankrupt Housing Policy

New York Times 05/19/2014

As Foreclosures Surge ...

New York Times 05/04/2009

Foreclosures: No End in Sight

New York Times 06/02/2009

Janet Yellen Warns of Inequality Threat

New York Times 10/17/2014

Bad loans in Spain's banking system from the housing bubble

04/04/2009

Grouped Articles

The Spanish Reform Model

Wall Street Journal 09/28/2011

The Pain in Spain Falls Mainly on the Cajas

BusinessWeek 02/25/2010

Spain's Banks Boost Books by Refinancing Loans to Homeowners

Wall Street Journal 11/07/2013

The mess in La Mancha

Economist 04/04/2009

Spanish House Prices Decline Again

Wall Street Journal 05/28/2014

Spain Still Suffering Fallout From Housing Bust

Wall Street Journal 05/28/2014

The month the Korean won collapsed in 2008 and the derivative "kiko" contracts sold by banks to Korean exporting companies

04/03/2009

Confusing derivative contracts sold by banks to exporters offer some protection against currency fluctuations but huge losses if the currency goes the other way. What happened in Detroit happened in S. Korea. The difference is that the Korean courts decision was that the contracts were confusing, the companies had no clear idea what they were getting into, and that it was designed to address a weakening dollar not a collapse of the won. The won went from 1000 to the dollar to 1500 to the dollar in 2008 during the global financial crisis of 2008. "Kiko" comes from the technical term banks used for "knock in, knock out" clauses in contracts. Obfuscation is defined as rendering something unintelligible, a practice used in these types of contracts in the period leading to the crisis.

Grouped Articles

Bad Trades, Except in Korea

New York Times 04/03/2009

Fannie and Freddie in debt situation requiring government help similar to the banks.

04/03/2009

About $400 billion was committed earlier of which $112 billion has been given to Fannie and Freddie. Now officials say in December 2009 that $400 billion may be needed for each company.

Grouped Articles

Fannie Mae to pay $59.4B to Treasury - The Washington Post

Washington Post 05/09/2013

Fannie, Freddie Payments Nearly Match Aid

Wall Street Journal 11/08/2013

Fannie Mae and Freddie Mac: Unfinished business

Economist 07/24/2010

How Do You Solve a Problem Like Fannie?

Wall Street Journal 12/24/2013

Putting the Hit on Fannie, Freddie

Wall Street Journal 03/12/2014

Dream Mortgage Bailout Has a Darker Side

Wall Street Journal 04/03/2009

The Docklands G-20 London Summit- a high point in the premiership of Gordon Brown of Britain and presidency of Sarkozy in France

04/03/2009

As the first summit in which the G-8 became the G-20, with the participation of emerging market countries India, Indonesia, S. Korea, Turkey, Argentina, Brazil, Saudi Arabia, Mexico, making this a truly global summit. It also meant less developed countries and their concerns would be given priority in the international forum. In this sense Docklands provided a model for truly remarkable international collaboration and cooperation.

Grouped Articles

Steven Pearlstein - A Rare Triumph of Substance at the Summit

Washington Post 04/03/2009

Conceding U.S. Lapses, Obama Resists New Bank Rules

New York Times 04/03/2009

As G-20 Host, Brown Gets ‘Excellent’ Marks

New York Times 04/03/2009

Larger Than Life in London

New York Times 04/05/2009

The Lines a German Won’t Cross

New York Times 04/05/2009

Opinion: G20 — go back to the roots | DW | 30.11.2018

DW.COM 11/30/2018

The G-20 London Docklands Summit in April 2009- a model of global cooperation for future crises stemming from the global financial crisis of 2008

04/03/2009

The Docklands Summit must rank as one of the largest global cooperation efforts in a global economy hit by a severe crisis, with output drops of over 25% in a a short time. It made ahuge difference in tackling this crisis, and yet its significance is not fully grasped as the crisis fades by 2014.

Grouped Articles

On a Scale of 1-10, G-20 Scores a 7

New York Times 04/03/2009

The Economic Summit

New York Times 04/03/2009

Conceding U.S. Lapses, Obama Resists New Bank Rules

New York Times 04/03/2009

Steven Pearlstein - A Rare Triumph of Substance at the Summit

Washington Post 04/03/2009

Larger Than Life in London

New York Times 04/05/2009

The Lines a German Won’t Cross

New York Times 04/05/2009

Turkey in the global fianncial crisis of 2008

04/03/2009

Grouped Articles

Turkey Nears a Loan Deal With the IMF

Wall Street Journal 04/03/2009


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