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Entries tagged "Alan Greenspan"

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John Judis and the financialization argument

In the August New Republic, John Judis has a longish piece that tries to get at the connection -- or lack of connection -- between the rise of Wall Street and the decline of American industry. Continue reading

Posted on July 22, 2011 3:51 PM




Morgenson and Rosner's 'Reckless Endangerment'

Gretchen Morgenson and Joshua Rosner offer up their long-awaited dissection of the mortgage crisis in 'Reckless Endangerment.' But beyond a warning about hybrid structures, what do the authors really want? Continue reading

Posted on June 29, 2011 8:59 AM




Dimon, Bernanke and what we don't know

We should all be nervous faced with the increasingly obvious reality that our politicians, policy makers and, perhaps most important, our brand-name economists seem to have no idea what's going on out there. Continue reading

Posted on June 8, 2011 12:15 PM




The BBC, Ayn Rand, computers and the explanation of everything

'All Watched Over by Machines of Loving Grace' is our age's version of Oliver Stone's 'JFK': a tangled, difficult, painful history simplified into a cartoon for folks unwilling to deal with complexities and ambiguities. Continue reading

Posted on June 3, 2011 12:33 PM




Peter Temin on natural economics

The biggest problem here is that a free and perfect market is as much as myth as the state of nature: Markets are created, regulated and manned by homo sapiens. Continue reading

Posted on May 16, 2011 2:47 PM




The case against favored treatment of derivatives

The advocates of resolution authority argue that it will contain TBTF, while its critics believe it will never work, that the complexities of size and global scope will overwhelm the FDIC and that resolution authority may make things worse in a crisis, not better. Continue reading

Posted on May 10, 2011 11:55 AM




Appreciating John Kay

In the financial punditry racket, there's no voice quite like the Financial Times' John Kay, certainly not in the United States: skeptical, elliptical, calm, essayistic, sneakily funny. Continue reading

Posted on April 20, 2011 12:10 PM




Transactions: April 11, 2011

The clouds part, and he descends, like Spider-Man, into our midst again: Alan Greenspan, philosopher. A chorus of bankers, home and abroad, hums in the background like the Mormon Tabernacle Choir. Congress scurries about. How do you turn off the... Continue reading

Posted on April 8, 2011 12:41 PM




Transactions: April 11, 2011

Former Fed chief Alan Greenspan decries regulation and says implementation of Dodd-Frank will be harmful. Continue reading

Posted on April 8, 2011 11:40 AM




Greenspan's regulatory fatalism

In a case of very strange bedfellows, Neil Barofsky, like Alan Greenspan, is also unhappy with Dodd-Frank. On the other hand, who listens to credit rating agencies anymore anyway? Maybe that's the distortion. Continue reading

Posted on March 30, 2011 1:07 PM




Transactions: Jan. 24, 2011

With the new Congress seated, deregulation is back in favor and government bureaucracy under attack. Continue reading

Posted on January 21, 2011 11:53 AM




Transactions: Nov. 29, 2010

So we had this financial crisis. Recession struck, unemployment spiked, millions suffered. Who perpetrated this? Continue reading

Posted on November 24, 2010 11:25 AM




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