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Long-term understanding of the U.S. economic crisis - The Washington Post
Keywords:
Prof. Gorton and Prof. Metrick of the Yale School of Management review 16 scholarly studies and papers on the causes of the 2008-2009 global financial crisis in the current isue of the Journal of Economic Literature. Another article in the same journal reviews 21 books on the subject. Samuelson says the most cited causes- lax regulation and passive regulators, and the policy of home ownership that encourage the packaging and of securitization of mortgages to government sponsored agencies Fannie Mae and Freddie Mac- are only the surface causes. If we are to explain how a whole society seemed to believe in the idea that somehow there was a way to maintain a rising tide continuously, with only small corrections over several decades, by the clever manipulation of monetary and fiscal policies; then one has to look to the hubris of economists who acted as if this was possible and the gullibility of business and a public that desperately wanted to believe as some have put it "that this time it was different," or that shrewd management of economic policy could actually bring about such a panacea. The abiding lesson is economic policies based on a better understanding of how modern industrial economies work are merely useful tools, no more no less, and there is no substitute for a good ethic, wise management and careful thinking on the part of the public, business and government, particularly for the people in leadership positions.
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
Books and movies on the 2008-2009 global financial crisis.
01/02/2009
Grouped Articles
âAlchemistsâ Looks at Central Bankersâ Handling of Crisis
New York Times 05/04/2013
BusinessWeek 04/01/2010
How the 'Wolf of Wall Street' Really Did It
Wall Street Journal 01/04/2014
Wall Street Journal 03/06/2009
An Ambitious Look at Wall Street's Convulsions
BusinessWeek 10/29/2009
Financial Crisis Was Avoidable, Inquiry Concludes
New York Times 01/25/2011
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
Extreme volatility for currency and stock market values in Brazil- 2009-2014
01/22/2009
An 80% rise in the Bovespa index for 2009 right on the heels of a global financial crisis, and a 35% rise in the value of the Brazilian real, are signs of the wild swings that are now taking place in the global economy.
Grouped Articles
QE2-Inspired Stock Rally May Soon Disappear
Wall Street Journal 08/08/2011
Wall Street Journal 09/13/2011
Latin America Boom Starts to Fade
Wall Street Journal 05/30/2013
No Ticker Tape Parade for Brazil's Currency Heroes
Wall Street Journal 06/06/2013
Brazil Real Has Further to Fall
Wall Street Journal 08/16/2013
Brazil's Currency Slides to New Low
Wall Street Journal 08/19/2013
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
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
Soul searching about the lack of changes to make the financial system safer after the 2008 global financial crisis
01/15/2010
Soul searching at the IMF, Britain's Financial Services Authority and among experts about the lack of serious changes or reforms in the financial system after the global financial crisis of 2008. Bondholders did not take a haircut in Ireland, and large banks are still "too big to fail." A sense that this could happen again.
Grouped Articles
Wall Street's Giants Try 'Flow Monster' Formula
Wall Street Journal 05/20/2013
GE Capital, AIG to Get More Government Oversight
Wall Street Journal 07/09/2013
Obama Presses Regulators to Finish Financial Rules
Wall Street Journal 08/20/2013
Weâre All Still Hostages to the Big Banks
New York Times 08/25/2013
Volcker Rule to Curb Bank Trading Proves Hard to Write
Wall Street Journal 09/10/2013
After a Financial Flood, Pipes Are Still Broken
New York Times 09/14/2013
Unemployment in 2007 and 2011, before and after the global financial crisis
01/02/2009
Unemployment in different countries of Europe, Asia and Latin America, before and after the global financial crisis of 2008. A surge in unemployment in Spain and other European countries, especially for young people, and rising unemployment in the U.S.
Grouped Articles
Wanted: Jobs for the New 'Lost' Generation
Wall Street Journal 09/14/2013
New York Times 06/07/2014
Labour-market trends: Winners and losers
Economist 09/10/2011
Unemployment in the West: The quest for jobs
Economist 09/10/2011
The jobless young: Left behind
Economist 09/10/2011
Strong ADP Jobs Gain Needs Grain of Salt
Wall Street Journal 01/05/2012
$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
Accounting fraud and the financial crisis of 2008.
01/20/2010
Grouped Articles
Wall Street Journal 12/21/2010
Financial Crisis Was Avoidable, Inquiry Concludes
New York Times 01/25/2011
In Financial Crisis, No Prosecutions of Top Figures
New York Times 04/14/2011
Federal Agencies' Responses on Enforcement Actions
New York Times 04/14/2011
Red Flags on NovaStarâs Mortgages Were Unheeded
New York Times 05/21/2011
Wall Street Journal 06/23/2011
American manufacturing and the severe decline after the financial crisis of 2008.
01/20/2008
Grouped Articles
Andy Grove: How America Can Create Jobs
BusinessWeek 07/01/2010
Wall Street Journal 10/02/2010
Economy Falling Years Behind Full Speed
New York Times 04/07/2009
After Michigan Loss, Hillary Clinton Sharpens Message on Jobs and Trade
New York Times 03/09/2016
Economist 10/01/2009
Economist 10/01/2009
Books and stories about the 2008 financial crisis, financial collapse on Wall Street, and the men who made it happen.
01/02/2009
Stories by Lowenstein, Gross and Lewis.
Grouped Articles
âAlchemistsâ Looks at Central Bankersâ Handling of Crisis
New York Times 05/04/2013
On Wall St., A Culture of Greed Won't Let Go
New York Times 07/15/2013
Commentary: First, Slap Limits on Bank Leverage
BusinessWeek 03/11/2010
BusinessWeek 04/01/2010
How the 'Wolf of Wall Street' Really Did It
Wall Street Journal 01/04/2014
Wall Street Journal 03/06/2009
Carmen Reinhart and other experts on the lack of transparency in bank debt.
09/16/2010
Reinhart points out that the uncertaity is compounded by the lack of information on who owes what to whom. This is true of the Irish banking crisis and of the other countries facing a financial crisis. Carmen is author of the book- "This Time is Different."
Grouped Articles
How to Fix the Economy: An Expert Panel
BusinessWeek 09/16/2010
Tom Keene Talks to Carmen Reinhart
BusinessWeek 11/24/2010
Wall Street Journal 11/26/2010
Financial Crisis Was Avoidable, Inquiry Concludes
New York Times 01/25/2011
Fed Chooses To Open Up About Stress
Wall Street Journal 11/23/2011
Long-term understanding of the U.S. economic crisis - The Washington Post
Washington Post 03/19/2012
Dutchman Bob Traa's mid-2009 IMF report on Greece and the warning light on Greece
03/03/2010
Analysts point to the lack of immediate action as the main reason the crisis is spiralling out of control. The IMF report in mid 2009 raised the alarm on Greece's financial situation. One estimate is for bondholders needing to take 85% haircut on loans to Greece, instead of the 50% agreed to under the EU plan in November 2011. The situation has worsened as ECB president Trichet and others in the EU pushed austerity plans on Greece without working out needed serious debt reduction of over half the debt in 2009. The idea of a default in the eurozone was considered unthinkable, leading to errors in judgement by decisionmakers.
Grouped Articles
Greek Debt Crisis: The Back Story
New York Times 08/13/2011
A Warning Light to Alert the I.M.F.
New York Times 09/21/2011
EU Dismisses IMF's Criticism On Greek Bailout
Wall Street Journal 06/07/2013
Policy âTroikaâ for Europe Financial Woes at Odds
New York Times 06/07/2013
Wall Street Journal 03/03/2010
Past Rifts Over Greece Cloud Talks on Rescue
Wall Street Journal 10/07/2013
Cliff Notes version of the report of the U.S. Financial Crisis Inquiry Commission
01/20/2010
Grouped Articles
In Bank Crisis Report, a Whodunit With Laughs and Tears
New York Times 01/29/2011
Washingtonâs Financial Disaster
New York Times 01/29/2011
From Financial Crisis a Best Seller
New York Times 01/31/2011
At Last, Bernie Madoff Gives Back
New York Times 02/12/2011
Long-term understanding of the U.S. economic crisis - The Washington Post
Washington Post 03/19/2012
Taxing Wall Street Down to Size
New York Times 01/20/2010
Expert opinion on what the financial crisis of 2008 means for Europe and the USA.
10/01/2009
The Econmist's Simon Nixon and other experts present their conclusions about what is likely to follow the biggest financiall crisis since the great depression. 25 million jobs will be lost before all this is over in the 30 rich countries of the OECD.
Grouped Articles
Economist 10/01/2009
Economist 10/01/2009
Economist 10/01/2009
Wall Street Journal 05/22/2010
Financial Crisis Was Avoidable, Inquiry Concludes
New York Times 01/25/2011
Long-term understanding of the U.S. economic crisis - The Washington Post
Washington Post 03/19/2012
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
John Cochrane and other experts give a no-nonsense view of the bailouts and the financial crises facing Europe
12/02/2010
Insights that the real problem is short term debt financing. The need for the EU to insist on long tem debt financing for governments in Europe. The solution for this crisis is not in bailouts of Greece, Spain, Italy and so on, but to swap the short term debt for debt with longer term maturities, and for bondholders to take a haircut. Similiar to the Brady Plan for Latin America in the late 1980's. The bailout of Ireland in reality not a bailout of Ireland, as a bailout of German and British banks that made risky loans to Irish banks and the Irish government. The U.S. government's debt also tilted to short term debt and problems similar to European problems.
Grouped Articles
EU Dismisses IMF's Criticism On Greek Bailout
Wall Street Journal 06/07/2013
'Contagion' and Other Euro Myths
Wall Street Journal 12/02/2010
As Ireland Flails, Europe Lurches Across the Rubicon
Wall Street Journal 12/27/2010
Running the euro zone: Pact of uncompetitiveness
Economist 02/12/2011
Wall Street Journal 03/11/2011
Europe Needs to Apportion Pain
Wall Street Journal 03/17/2011
Krugman on the Obama Administration, banks, settlements and the U.S. foreclosure crisis in 2011
01/02/2009
Failure of the Obama administration to reduce foreclosures and help homeowners. A worsening foreclosure situation leads to a continuing decline in housing prices and hampers an economic recovery in the U.S. This is something Martin Feldstein grasped very early during the 2008 financial crisis and made proposals for helping homeowners under water.
Grouped Articles
Washington Post 09/06/2011
Book portrays dysfunction in Obama White House - The Washington Post
Washington Post 09/17/2011
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Plunge in Home Sales Stokes Economy Fears
Wall Street Journal 08/25/2010
Wall Street Journal 12/31/2013
Charlie Rose Talks to Robert Reich
BusinessWeek 10/21/2010
Allan Meltzer's soluton for the financial crisis facing euro currency countries Portugal, Spain, Italy, Ireland and Greece
05/26/2010
Meltzer says a new currency union should be setup for the northern countries France, Germany, and others who commit to financial discipline and fiscally binding arrangements. The euro currency countries such as Italy and Greece should devalue their currency to fix gaps between wages and productivity in their countries. At a later stage these countries could be readmitted to the new currency union under strict fiscally binding arrangements with enforceable sanctions.
Grouped Articles
Germany reaps rewards of entitlement cuts - The Washington Post
Washington Post 09/20/2011
New York Times 09/25/2011
New York Times 05/26/2010
Wall Street Journal 09/14/2011
IMF Chief's Change of Tune on Bank Capital
New York Times 09/14/2011
Austerity in Italy May Not End Its Jobs-for-Votes System
New York Times 09/14/2011
Views on the U.S. Financial Crisis.
06/03/2010
What happened and why, and how to prevent such crises in the future.
Grouped Articles
Recipes for Ruin, in the Gulf or on Wall Street
New York Times 06/11/2010
Chinese Walls, Pocked With Peepholes
New York Times 06/11/2010
A High-Five for the Invisible Hand
New York Times 06/03/2010
Financial Crisis Was Avoidable, Inquiry Concludes
New York Times 01/25/2011
Long-term understanding of the U.S. economic crisis - The Washington Post
Washington Post 03/19/2012
Lack of prosecutions by U.S. government agencies after the financial crisis of 2008
01/20/2010
A record of few prosecutions of senior executives of the companies that engaged in practices that led to the financial crisis of 2008. Various reasons are cited - the fragility of the financial system in 2009, the lack of cooperation from regulatory agencies, lack of funding for the FBI and the Justice Department to assign special staff for the effort.
Grouped Articles
Stern Words for Wall Streetâs Watchdogs, From a Judge
New York Times 12/16/2013
SEC-Citi Pact Rejected by Judge Rakoff
Wall Street Journal 11/28/2011
New York Times 09/29/2014
In Financial Crisis, No Prosecutions of Top Figures
New York Times 04/14/2011
Federal Agencies' Responses on Enforcement Actions
New York Times 04/14/2011
As Wall Street Firms Grow, Their Reputations Are Dying
New York Times 04/27/2011
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
Changes to business education programs in 2010-2012
01/02/2009
Changes in the aftermath of the global financial crisis of 2008 and failures in management and business.
Grouped Articles
Columbia's Business Dean on Disclosure, Leading, Ethics
Wall Street Journal 07/07/2011
Long-term understanding of the U.S. economic crisis - The Washington Post
Washington Post 03/19/2012
More B-Schools Choose Women as Deans
Wall Street Journal 08/01/2012
Mr. Rajan Was Unpopular (But Prescient) at Greenspan Party
Wall Street Journal 01/02/2009
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
France's public sector acts as a cushion in the global financial crisis of 2008
02/12/2009
Grouped Articles
Book Review: 'The Fourth Revolution' by John Micklethwait and Adrian Wooldridge
Wall Street Journal 05/30/2014
Brakes on France's Economy Now Serve as Shock Absorbers
Wall Street Journal 02/12/2009
Long-term understanding of the U.S. economic crisis - The Washington Post
Washington Post 03/19/2012
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
Russia's finance minister, Alexei Kudrin, and Russia's finances
01/25/2008
Kudrin on higher military spending of 3% of Russia's GDP, exceeding the amount spent on education. He sees this as endangering Russia's finances. Kudrin's focus on building the Russian Stabilization Fund helped Russia weather the 2008 global financial crisis. He is one of the St Petersburg officials who helped bring Putin to the Presidency. A slowing economy and a decline in oil prices would have an impact on the Russian economy. Analysts say Russia needs an oil price of $120 to support the current level of spending.
Grouped Articles
Putin Pledges Stimulus for Russian Economy
Wall Street Journal 06/21/2013
Russia Looks to Borrow to Plug Funding Gap
Wall Street Journal 09/19/2013
Russia Prepared to Let Ruble Slide
Wall Street Journal 01/30/2014
Red Alert on Russia Is Premature
Wall Street Journal 02/03/2014
Russia's Power Play Hits Economic Weak Spot
Wall Street Journal 03/04/2014
Russia Economy Worsens Even Before Sanctions Hit
New York Times 04/16/2014
The watering down of banking reforms in Congress.
10/15/2009
Not allowing states to regulate banks risks repeating some of the mistakes made in the events leading to the mortgage related global financial crisis,
Grouped Articles
Trench Warfare: Send In the Deputies
New York Times 04/16/2010
New York Times 04/18/2010
Obama Presses Regulators to Finish Financial Rules
Wall Street Journal 08/20/2013
Volcker Rule to Curb Bank Trading Proves Hard to Write
Wall Street Journal 09/10/2013
Compromise Bill Could Block States on Bank Rules
New York Times 10/22/2009
Obama Promises Butchers No New Financial Regulations
Unknown 10/25/2009
Latin American economies Brazil and Mexico in the global financial crisis of 2008
10/13/2008
Effects of the crisis on Latin American economies.
Grouped Articles
Tide Reverses in Latin America
Wall Street Journal 09/08/2013
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
World Bank Says Global Economy Will Shrink in ’09
New York Times 03/09/2009
New York Times 04/01/2009
Brazil’s ‘Teflon’ Leader Nicked by Slump
New York Times 04/03/2009
2008 subprime mortgage securities financial crisis
08/05/2007
Financial crisis from the widespread distribution of securities created from pools of subprime mortgages in the portfolios of finacil institutions around the globe. How credit rating agencies helped create the crisis by giving A ratings to these securities which were then widely distributed as credit worthy.
Grouped Articles
BusinessWeek 04/01/2010
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Recipes for Ruin, in the Gulf or on Wall Street
New York Times 06/11/2010
S. & P. E-Mails on Mortgage Crisis Show Alarm and Gallows Humor
New York Times 02/05/2013
S&P to Pay $1.5 Billion to Resolve Crisis-Era Litigation
Wall Street Journal 02/04/2015
Wall Street Journal 02/27/2008
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
Black Rock's Peter Fisher has some useful thoughts on the crisis.
10/08/2008
Peter Fisher spent 15 years at the New York Fed and was UnderSecretary of the Treasury for domestic finance. He says the several years of free money around the middle of the decade distorted things and led to overleveraging. Overly leveraged financial institutions that are doing poorly and have weak management should be closed he says. Banks and Treasury should not wait around for consolidation in these situations.
Grouped Articles
BlackRock's Peter Fisher on When the Pain Will End
BusinessWeek 10/08/2008
BusinessWeek 12/09/2010
Long-term understanding of the U.S. economic crisis - The Washington Post
Washington Post 03/19/2012
Books on the euro-zone financial crisis of 2010-2012
08/13/2011
The book "Greece's 'Odious Debt': The Looting of the Hellenic Republic," is a frank and insightful acccount of the Greek debt crisis by a hedge fund manager for emerging markets, Jason Manalopoulos. He asks timely and relevant questions which can be posed for Greece, the U.S. and other countries.
Grouped Articles
âAlchemistsâ Looks at Central Bankersâ Handling of Crisis
New York Times 05/04/2013
Hedge Funders Are All a Little Nuts
Wall Street Journal 08/27/2013
How the 'Wolf of Wall Street' Really Did It
Wall Street Journal 01/04/2014
Greek Debt Crisis: The Back Story
New York Times 08/13/2011
European Leaders Seek Bold Debt Deal, Despite Hurdles
New York Times 10/21/2011
Why Wall Street Can't Handle the Truth
Wall Street Journal 11/05/2011
China's limited monetary and fiscal policy options in 2011-2012
04/14/2010
Higher inflation and a bubble in property prices limit the use of monetary policy. A lending binge in 2008-2009 during the financial crisis, and resulting bad loans, limits China's spending options in 2011.
Grouped Articles
BusinessWeek 04/14/2010
Chinese debt: The great hole of China
Economist 10/17/2014
Still Reserved on China's Policy Shift
Wall Street Journal 12/01/2011
Wall Street Journal 12/03/2011
New York Times 12/18/2011
Long-term understanding of the U.S. economic crisis - The Washington Post
Washington Post 03/19/2012
Credit Ratings firms and the U.S. and Eurozone financial crisis of 2010-2012
12/08/2009
Criticism of credit ratings firms. European commissioner Barnier calls for banning credit raings on countries receiving financial aid after Moody's strongly downgraded Protugal's debt ratingin July 2011. The problems of credit ratings being very pro-cyclical and the need to reduce the role of ratings in the market and regulatory framework in Europe.
Grouped Articles
ECB Chief Seeks Tighter Fiscal Union
Wall Street Journal 06/22/2010
What Crisis? Big Ratings Firms Stronger Than Ever
Wall Street Journal 03/10/2016
Ratings Gag Is No Joking Matter
Wall Street Journal 07/12/2011
Debt Raters Avoid Overhaul After Crisis
New York Times 12/08/2009
Wall Street Journal 07/23/2011
S&P downgrades U.S. credit rating for first time - The Washington Post
Washington Post 08/06/2011
Assessment of Financial reforms bills in Congress- June 2010.
04/16/2010
Christopher Whalen of the Institutional Ris Anlayst sees the reform bills as inadequate to meet a future crisis. And watered down in Congressional negotiation, responding more to symptoms than the root causes of the last crisis.
Grouped Articles
Trench Warfare: Send In the Deputies
New York Times 04/16/2010
New York Times 04/18/2010
A Dubious Way to Prevent Fiscal Crisis
New York Times 06/04/2010
The Fates and Faces of the Affected
Wall Street Journal 06/07/2010
Financial Bill Would Create World Model, Volcker Says
New York Times 06/09/2010
Giving In on Trading, Banks Focus on Other Losses
New York Times 06/14/2010
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
Geoffrey Wood and other experts on the banking and financial crisis in Ireland
11/24/2010
Grouped Articles
Wall Street Journal 11/24/2010
Wall Street Journal 11/24/2010
Europe Needs to Apportion Pain
Wall Street Journal 03/17/2011
Ireland becomes a test for E.U. crisis remedy - The Washington Post
Washington Post 03/01/2012
Long-term understanding of the U.S. economic crisis - The Washington Post
Washington Post 03/19/2012
Ex-Anglo Irish Executives Charged
Wall Street Journal 07/23/2012
Excessive leverage, off balance sheet accounting and the financial crisis of 2008
01/02/2009
Grouped Articles
Wall Street Journal 12/21/2010
Role of Auditors in Crisis Gets Look
Wall Street Journal 12/23/2010
Financial Crisis Was Avoidable, Inquiry Concludes
New York Times 01/25/2011
In Financial Crisis, No Prosecutions of Top Figures
New York Times 04/14/2011
Federal Agencies' Responses on Enforcement Actions
New York Times 04/14/2011
Red Flags on NovaStarâs Mortgages Were Unheeded
New York Times 05/21/2011
Similarities between the experience of Argentina in 2001 and the experience of Greece, Ireland, Portugal and Spain in 2010-2012
12/09/2010
The financial crisis in the euro-zone and a similar situation that prevailed in Argentina in 2001. Experts from that period are convinced that euro-zone bondholders will have to accept securities offering less interest and maturing over a longer period.
Grouped Articles
Greek Government Bonds Pay Off Big for Fund Managers
Wall Street Journal 10/28/2013
Argentine Farmers Reap Discontent
Wall Street Journal 05/29/2014
What Greece Faces if It Defaults
New York Times 04/29/2015
If Greece Defaults, Imagine Argentina, but Much Worse
New York Times 06/25/2015
The Argentina Veterans Eye the Euro Warily
BusinessWeek 12/09/2010
Government debt: Behold 2011, the year of sovereign shocks
Economist 12/18/2010
Risky assets from the 2007 financial crisis still on the books of banks in France, Germany and the UK
11/07/2011
Grouped Articles
Germany’s Battered Regional Lenders Tiptoe Back Into Risk
Wall Street Journal 11/02/2015
Wall Street Journal 11/07/2011
Why European Banks Are Sacrificing Growth
BusinessWeek 12/15/2011
French Banks Thrust Into Limelight
Wall Street Journal 01/14/2012
Long-term understanding of the U.S. economic crisis - The Washington Post
Washington Post 03/19/2012
In Europe, Banks Borrowing to Stay Ahead of the Tide
New York Times 06/10/2012
The U.S. Federal Reserve's Tools and Response Mechanisms in a Financial Crisis
12/05/2011
Grouped Articles
In Case of Crisis, a Few Levers Can Be Pulled for Short-Term Loans, Emergency Cash
Wall Street Journal 12/05/2011
Long-term understanding of the U.S. economic crisis - The Washington Post
Washington Post 03/19/2012
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