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A Year After a Cataclysm, Little Change on Wall St.
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Actions to shore up confidence in financial markets in the 2007 subprime mortgage crisis
09/12/2009
Efforts to limit the damage from the mortgage crisis especialy to the healthier financial institutions and to overall financial markets. Actions taken within the market by financial institutions themselves to shore up confidence or to make good investments.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
A Year After a Cataclysm, Little Change on Wall St.
New York Times 09/12/2009
Bonds backed by Mortgages Regain Allure
New York Times 02/18/2012
Long-term understanding of the U.S. economic crisis - The Washington Post
Washington Post 03/19/2012
Homeownership Rate Declines to 15-Year Low
Wall Street Journal 05/01/2012
Greenspan's role in the global financial crisis of 2008.
04/08/2008
The role that Greenspan's philosophy of letting markets do their own thing without any sort of restraint or checks played in the collapse in 2008 across the US, Europe and emerging markets.
Grouped Articles
His Legacy Tarnished, Greenspan Goes on Defensive
Wall Street Journal 04/08/2008
Taking Hard New Look at a Greenspan Legacy
New York Times 10/09/2008
Asian Officials Push Back Against Savings Glut Theory
Wall Street Journal 07/04/2009
A Year After a Cataclysm, Little Change on Wall St.
New York Times 09/12/2009
Summers Says More Regulators Could Join Fed to Police Risk
Wall Street Journal 09/12/2009
Fed Chooses Staff Economist as Head of Bank Supervision
Wall Street Journal 10/21/2009
Advice from leaders of other countries who have experienced a global financial crisis.
10/13/2008
Advice from Guillermo Ortiz of Mexico who as Finance Minister experienced a global financial crisis, and as central bank governor is handling this one. And advice from Edmund Phelps and others.
Grouped Articles
Emerging-Market Slide Tests How Much Nations Learned From Past
Wall Street Journal 01/30/2014
U.S. Recession Stymies Mexico's Growth for 2009
Wall Street Journal 01/09/2009
Mexican Crisis Holds Lessons for U.S.
Wall Street Journal 10/13/2008
Asian Officials Push Back Against Savings Glut Theory
Wall Street Journal 07/04/2009
A Year After a Cataclysm, Little Change on Wall St.
New York Times 09/12/2009
Mexico’s economy: Making the desert bloom
Economist 08/27/2011
China in the global financial crisis of 2008.
10/20/2008
The impact of the global slowdown on China's economy and the impact of China's slowdown on the USA, Germany, Japan and South Korea and other countries.
Grouped Articles
Chinese Bank Regulator Warns of Loan Risks
Wall Street Journal 06/17/2010
Trade Losses Rise in China, Threatening Jobs
New York Times 01/14/2009
South Korean Exports Take Massive Hit
Wall Street Journal 02/02/2009
Tax Cut Spurs 25% Rise in Chinese Auto Sales
Wall Street Journal 03/11/2009
As Factories Fail, China's Business Law Does, Too
BusinessWeek 04/02/2009
New York Times 04/03/2009
Questions America asks it financial leaders in the light of the cratering going on in the world of finance and ordinary American's retirement savings.
01/28/2008
As a large part of 401 K's disappear and retirement savings are hurt badly Americans are asking questions of public servants and leaders in finance.
Grouped Articles
Chuck Schwab Is Worried About Small Investors. Should We Worry Too?
BusinessWeek 05/27/2010
Paulson’s Deal-Making Revives Treasury’s Relevance
New York Times 01/28/2008
Paulson Drove Plan to Shore Up Fannie Mae, Freddie Mac
Wall Street Journal 07/15/2008
Taking Hard New Look at a Greenspan Legacy
New York Times 10/09/2008
The Guys From ‘Government Sachs’
New York Times 10/19/2008
No More Economic False Choices
New York Times 11/03/2008
Russia's effort to prevent the ruble from collapsing in 2009
05/09/2006
Russia used up a third of its foreign exchange reserves to defend the ruble, from November 2008 to early February 2009, as the global financial crisis escalated.
Grouped Articles
Russian Ruble Slips to 7-Month Low as Investors Grow Cold
Wall Street Journal 09/23/2010
Yaroslavl: A Russian Burg Turns Bearish
BusinessWeek 03/12/2009
Russia Bonds Still Confront a Deep Chill
Wall Street Journal 04/04/2009
Medvedev Chooses Critic for an Interview Debut
Wall Street Journal 04/15/2009
Russian Ruble Hits Fresh Record Low Against Dollar
Wall Street Journal 10/06/2014
Russian Ruble Fall to Fresh Lows
Wall Street Journal 10/10/2014
Financial crisis in Eastern Europe in 2009 that rivals the American crisis.
10/10/2008
The financial crisis for Eastern Europe affects financial institutions in Western Europe that made loans and other financing in Eastern Europe, by some estimates of about one third of the GDP of these countries in Eastern Europe.
Grouped Articles
Hungarian Bond Market Freezes Up
Wall Street Journal 10/10/2008
Credit Crisis Slows Economy in Once-Hot Poland
New York Times 10/27/2008
As Ukraine Staggers, Its Leaders Quarrel
New York Times 11/04/2008
Sovereign Debt Risk Looms Large This Year
Wall Street Journal 01/30/2009
Eastern Europe Reels as Exports Fall
Wall Street Journal 02/13/2009
E.U. Leaders Turn to I.M.F. Amid Financial Crisis
New York Times 02/23/2009
$52 billion of government money to go through AIG to banks and in turn to hedge funds for betting against the housing market.
01/19/2009
The Financial Products Group's 370 person staff at AIG earns bonueses of $400 million for AIG insurance sold at "fractions of a penny for every dollar covered, less than $10 million for $1 billion of insurance" (WSJ). It costs the government $52 billion to take care of this and $165 million in bonus check go out for retention incentives with binding contracts to these staffthe same week. Thats the kind of financial innovation that has exacerbated the turmoil and created acrisis of condfidence for financial markets in the USA by March 2009.
Grouped Articles
BusinessWeek 04/01/2010
Hedge Funders Are All a Little Nuts
Wall Street Journal 08/27/2013
In New Books, a Look at People and Places That Innovate
New York Times 09/04/2010
Hank Greenberg Still in the Ring at 90, Battling A.I.G. Charges
New York Times 04/30/2015
Wall Street Journal 06/16/2015
In A.I.G. Case, Surprise Ruling That Could End All Bailouts
New York Times 06/15/2015
The April 2009 G-20 Docklands, London Summit and the constructive confrontation between American and European positions.
02/15/2009
The positions of both sides. The Europeans credibly calling for global regulations as non-negotiable, and the US credibly calling for larger stimulus spending now when it would have the greatest impact. And the tough negotiations ahead.
Grouped Articles
Fixing a Perception Gap for the Underappreciated G-20
Wall Street Journal 08/27/2013
On a Scale of 1-10, G-20 Scores a 7
New York Times 04/03/2009
New York Times 04/05/2009
The Lines a German Won’t Cross
New York Times 04/05/2009
Big Ideas, Grand Plans, Modest Budgets
New York Times 02/15/2009
What the Chinese Want from Obama
New York Times 02/20/2009
The views and wisdom of Peter Bernstein.
03/30/2008
Peter Bernstein who turned 90, has watched financial markets from the fifties as they recovered from the war and depression. He sees little reassurance from looking at the past and thinking that "the seas will be flat again." He thinks its vital that President Obama tackle the household sector and mortgages first, with forceful action to stop foreclosures by government intervention and compulsory mortgage modification.
Grouped Articles
When the Long View Isn’t So Scenic
New York Times 03/30/2008
One Guy Who Has Seen It All Doesn't Like What He Sees Now
Wall Street Journal 04/26/2008
Put Away the Wish List, and Help Households Bounce Back
New York Times 11/09/2008
How a Modern Depression Might Look -- If the U.S. Gets There
Wall Street Journal 03/30/2009
Peter L. Bernstein, Explainer of Risks of Stocks, Dies at 90
New York Times 06/08/2009
A Year After a Cataclysm, Little Change on Wall St.
New York Times 09/12/2009
E.U. Financial Regulation
08/17/2007
The regulatory reform of the financial system for the European Union countries.
Grouped Articles
The 'Silent Austerity' in Banking
Wall Street Journal 01/21/2014
Europeans Plan to Investigate Ratings Agencies and Their Warnings
New York Times 08/17/2007
Agency’s ’04 Rule Let Banks Pile Up New Debt
New York Times 10/03/2008
EU Fights Irrelevance in Crunch
Wall Street Journal 10/07/2008
Britain Takes a Different Route to Rescue Its Banks
New York Times 10/09/2008
EU to Push Global Oversight of Top Financial Firms
Wall Street Journal 10/16/2008
The Federal Reserve's new role under Bernanke and the Obama financial regulatory reforms.
06/24/2009
Bernanke Fed's new role after extraordinary work in extraordinary circumstances during the financial crisis of late 2008 and early 2009.
Grouped Articles
Trench Warfare: Send In the Deputies
New York Times 04/16/2010
The Power Behind the Throne at the Federal Reserve
New York Times 07/31/2013
Obama Presses Regulators to Finish Financial Rules
Wall Street Journal 08/20/2013
Behind the Scenes, Fed Chief Advocates Bigger Role
New York Times 06/24/2009
Two Authorities on Fed Advise Congress Against Expanding Its Power
New York Times 07/10/2009
Bernanke Heads to Congress Battling Calls to Tame the Fed
Wall Street Journal 07/21/2009
Japan's financial system after the global financial crisis of 2008-2009.
02/05/2008
Grouped Articles
Japan Gets Shelter via China Trade
Wall Street Journal 02/05/2008
Japan’s Governing Party Is Plunging in Polls
New York Times 01/14/2009
How Japan Restored Its Financial System
Wall Street Journal 08/06/2009
A Year After a Cataclysm, Little Change on Wall St.
New York Times 09/12/2009
Summers Says More Regulators Could Join Fed to Police Risk
Wall Street Journal 09/12/2009
Harsh Realities Stand in the Way of a Leader’s Vision of a New Japan
New York Times 12/23/2009
Return to business as usual in the banking sector with pay and other practices..
08/23/2009
The administration's reluctance to back up the Fed's efforts to cap bonuses and compensation in banking.
Grouped Articles
SEC Wants Boss-Employee Pay Gap on Display
Wall Street Journal 09/19/2013
U.K. Bankers to Wait Seven Years for Bonuses
Wall Street Journal 06/24/2015
The U.K.'s New Bonus Claw Back Rules
Wall Street Journal 06/24/2015
British Regulators Extend Clawback Rules for Bankers’ Pay
New York Times 06/23/2015
Hatoyama Outlines Need for Regulation
Wall Street Journal 09/05/2009
Mozilo Filing Says SEC Distorts Charges in Suit
Wall Street Journal 09/05/2009
Lehman Brothers and Fed rescue
03/18/2008
Grouped Articles
Lessons from the Lehman Autopsy
BusinessWeek 03/24/2010
Fuld: SEC, Fed Knew All —Even If He Didn't
Wall Street Journal 04/20/2010
Inside the End of the U.S. Bid to Punish Lehmann Executives
New York Times 09/08/2013
Hedge Funds Are Among the Winners of the Lehman Spoils
Wall Street Journal 09/13/2013
Introducing a Roundtable on Too Big to Fail
Unknown 10/25/2009
Death and Near-Death Experiences on Wall St.
New York Times 09/21/2008
Fine Print in the $700 billion bailout plan and the wide authority to interpret
10/12/2008
The fine print in the $700 billon bailout plan passed by Congress says that Treasury can buy "any instrument" giving it wide authority to interpret as necessary to tackle the financial crisis. Alan Blinder a former Fed vice chairman takes a look at it.
Grouped Articles
Got $700 Billion? Sweat the Details
New York Times 10/12/2008
Wall Street Journal 07/27/2009
A Year After a Cataclysm, Little Change on Wall St.
New York Times 09/12/2009
Bill Shields Most Banks From Review
New York Times 10/16/2009
Wall Street Journal 06/01/2012
Ben Bernanke, Federal Reserve chairman's role in the Rescue Plan in the global financial crisis Sept-October 2008.
10/14/2008
Bernanke's role in the financial crisis of Sept 2008.
Grouped Articles
Fed Chairmanâs Departure Casts a New Light on the Bush Legacy
New York Times 07/26/2013
Reflections by America’s Buddha of Banking
New York Times 01/16/2014
Robert Samuelson: Bernanke’s triumph -; and defeat - The Washington Post
Washington Post 01/27/2014
Ben S. Bernanke - What the Fed did and why: supporting the recovery and sustaining price stability
Washington Post 11/04/2010
New View Into Fed's Response to Crisis
Wall Street Journal 02/22/2014
Dream Mortgage Bailout Has a Darker Side
Wall Street Journal 04/03/2009
China's policy actions to address impact of global financial crisis 2008-2012
08/14/2008
Policy actions taken by China to address the global economic crisis's impact on Chinese growth rate including land policy for farmers and export rebates.
Grouped Articles
Trade Losses Rise in China, Threatening Jobs
New York Times 01/14/2009
Global Trade Posts Sharp Decline
Wall Street Journal 01/14/2009
Economist 01/15/2009
Tax Cut Spurs 25% Rise in Chinese Auto Sales
Wall Street Journal 03/11/2009
China's Economic Torch Won't Outlast Olympics
BusinessWeek 08/14/2008
New York Times 08/24/2008
Rapid erosion of Sovereign Wealth Funds in 2009
05/09/2006
The rapid erosion of sovereign wealth funds is another aspect of the situation surrounding the present financial crisis in the global economy. From one of many causes, declining oil prices, supporting currencies, supporting local banks, stimulus spending, declining exports, or bad investments in western countries, there has been arapid erosion of Sovereign Wealth Funds.
Grouped Articles
Kuwait, Dubai Tackle Their Ills
Wall Street Journal 11/20/2008
Grim Outlook for Japan Economy: Barclays Economist
BusinessWeek 12/01/2008
Oil's Crash Stirs Unrest in Russia as Slump Hits Home
Wall Street Journal 12/19/2008
In Russia, Reserves Gain on Euro Rise
Wall Street Journal 12/25/2008
Saudi Arabia's Kingdom Holding Reports Big Loss
Wall Street Journal 01/20/2009
Big Mideast Funds Scale Back Investments
Wall Street Journal 01/27/2009
2008 global financial crisis and the incomprehensible- Are the old faces that put the whole financial system at risk, now the new faces trying to fix it?
01/15/2009
Sir James Crosby is the old face of HBOS bank which needed $17 billion of British government money, he has also been Deputy Chairman of the Financial Services Authorty since 2006. Has part of the problem been that regulatory agencies have been run by the very people they were supposed to regulate. In the process has the regulatory mindset which is supposed to have conservative instincts and to be skeptical of newly contrived schemes and ever vigilant, been destroyed or replaced with something foreign to the task of regulation.
Grouped Articles
Obama's Pick to Head SEC Has Record Of Being a Regulator With a Light Touch
Wall Street Journal 01/15/2009
Schapiro Pledges Vigilance as SEC Chief
Wall Street Journal 01/16/2009
SEC Chief Pledges Effort To Bolster Enforcement
Wall Street Journal 02/07/2009
SEC Expected to Name Khuzami Enforcement Director
Wall Street Journal 02/09/2009
Top Enforcer at the S.E.C. Steps Down
New York Times 02/10/2009
British Regulator Quits as Accusations Mount in Banking Crisis
New York Times 02/12/2009
Financial crisis in the Baltic countries and the impact on Sweden.
10/10/2008
Swedish banks have made loans in the Baltic countries amounting to about 20% of Sweden's GDP. It cosuld cost Sweden about 2 to 6% of GDP to recapitalize and rescue its banks.
Grouped Articles
Estonia’s Let-It-Be Economy Is Rattled by Worldwide Distress
New York Times 10/10/2008
Economist 12/18/2008
Euro Tumbles on Concern Over Exposure to Eastern Europe
Wall Street Journal 02/17/2009
Latvia's Government Is the Latest in Europe to Fail
Wall Street Journal 02/21/2009
Economist 02/19/2009
As It Falters, Eastern Europe Raises Risks
New York Times 02/24/2009
Lessons from the 1997 Asian Financial Crisis, the example of South Korea and other countries.
05/09/2006
The lessons S. Korea shares with the G20 from its banking crisis in the late 1990's, with nonperforming loans of banks at 40-50% of GDP according to the Federal Reserve Bank of Chicago. Banks had to be merged, closed or nationalized using BIS standards for reserves in a short time. It also led to asevere contraction in the Korean economy as banks not only stopped making loans but called in outstanding loans. This contraction reached minus 7% in the second and third quarters of 1998. The bigger challenge now is how to resolve the bad asset problem without seeing such huge hits to the American economy which would further depress the global economy and have unforeseen consequences. Already Comerice department estimates are for a 6.3% contraction in the US econmy for 4th quarter 2008.
Grouped Articles
Seoul Forum Helps Heal IMF Wounds
Wall Street Journal 07/12/2010
Emerging-Market Slide Tests How Much Nations Learned From Past
Wall Street Journal 01/30/2014
In Japan’s Stagnant Decade, Cautionary Tales for America
New York Times 02/13/2009
Treasury’s Got Bill Gross on Speed Dial
New York Times 06/21/2009
A Year After a Cataclysm, Little Change on Wall St.
New York Times 09/12/2009
Bernanke’s Bid for a Second Term at the Fed Hits Resistance
New York Times 01/23/2010
Discussions for a new regulatory framework with single regulator for banks
05/28/2009
Discussions at the White House for a new financial regulatory framework.
Grouped Articles
Single-Regulator Plan for Banks Now Close
Wall Street Journal 05/28/2009
Financial Overhaul Raises Questions
Wall Street Journal 05/29/2009
Small Banks Hold Key to Central Piece of Regulatory Revamp
Wall Street Journal 07/31/2009
A Year After a Cataclysm, Little Change on Wall St.
New York Times 09/12/2009
Summers Says More Regulators Could Join Fed to Police Risk
Wall Street Journal 09/12/2009
Britain’s Top Financial Regulator Takes On Banks
New York Times 09/24/2009
A new U.S. regulatory framework is outlined in an 85 page white paper put out by the White House.
06/17/2009
THe Fed gets increased powers to oversee large financial firms. A new consumer agency to protect consumers of credit cards, mortgages and other products would be created with powers to stem abuses. And new rules and oversight over mortgage securites and derivatives trading.
Grouped Articles
Cordray Picked to Head Consumer Financial Protection Bureau
New York Times 07/17/2011
Bank Challenger Picked to Run Consumer Agency
Wall Street Journal 07/18/2011
Obama Blueprint Deepens Federal Role in Markets
Washington Post 06/17/2009
Obama Sought to Enlist a Wide Consensus on Finance Rules
New York Times 06/17/2009
Draft Details New Rules for Markets
Wall Street Journal 06/17/2009
Consumer Agency to Seek an Expansive Role
Wall Street Journal 06/17/2009
The lack of action in the "too big to fail" and systemically important financial institutions area one year into the Obama administration.
04/21/2009
Regulatory reform proposals and other actions taken in the first 6 months still leave many banking and financial nstitutions that are too big to fail. Consolidations of banks have actually increasd their size. The dangers in additional bailout assistance if banks suffer huge losses.
Grouped Articles
GE Capital, AIG to Get More Government Oversight
Wall Street Journal 07/09/2013
Weâre All Still Hostages to the Big Banks
New York Times 08/25/2013
Wall Street Journal 05/01/2013
Economists Seek Breakup of Big Banks
Wall Street Journal 04/21/2009
Banks Need Fewer Carrots and More Sticks
Wall Street Journal 05/07/2009
What Does the Market Focus on After the Stress Tests?
Wall Street Journal 05/07/2009
The perverse effects of lobbying in damaging the public interest.
04/10/2009
Finance industry lobbying, with $300 million alone spent to repeal the Glass Steagall Act which kept banks from getting involved in the securties business, is having the effect of making changes without the due diligence and care necessary for changing legislation that had deep reason embedded in experience during the Great Depression. Citigroup's failure is a result of its involvement in the securities business, and it was a principal backer for the repeal. Similar situation is playing out in the U.S. health-care area which has overtaken the finance industry in money spent for lobbying. Lobbying of this magnitude is having distortional effects on national priorities on necessary regulation, and on creating sustainable economical systems for health care in health care laws.
Grouped Articles
Banks' Lobbyists Help in Drafting Financial Bills
New York Times 05/23/2013
New York Times 04/10/2009
Finance Lobby Cut Spending as Feds Targeted Wall Street
Wall Street Journal 07/02/2009
New York Times 07/20/2009
New York Times 07/20/2009
Doctors' Payments Snag Health Bill
Wall Street Journal 07/20/2009
Lehman after one year in September 2009.
03/18/2008
The Lehman failure looked at a year later. But what of this crisis atmosphere that needed to be created by Paulson for reform, and for Congress to acto both on bailout and reforms? See the accompanying article in the NYT on the practically complacent and no action posture that has set in on American financial markets, and the lobbying of financial institutions in Congress and with the Obama government that supports such a posture.
Grouped Articles
Lessons from the Lehman Autopsy
BusinessWeek 03/24/2010
Inside the End of the U.S. Bid to Punish Lehmann Executives
New York Times 09/08/2013
Hedge Funds Are Among the Winners of the Lehman Spoils
Wall Street Journal 09/13/2013
In Lehman's Shadow, Ex-CEO Fuld Carries On, Quietly
Wall Street Journal 09/13/2013
Introducing a Roundtable on Too Big to Fail
Unknown 10/25/2009
Death and Near-Death Experiences on Wall St.
New York Times 09/21/2008
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