delong.typepad.com - 12/30/2008
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He writes:
Community Reinvestment Act Makes Bankers Stupid, According to AEI Research : Many people who are more expert than I in the housing market have already debunked the CRA myth. Here are just a few: Janet Yellen, Menzie Chinn, Randall Kroszner, Barry Ritholtz, David Goldstein and ...
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Links 12/30/08
naked capitalism —
Coral springs back from tsunami BBC One World, Many Minds: Intelligence in the Animal Kingdom Scientific American Disagreeing With Martin Feldstein on Defense Spending Stan Collander (hat tip Mark Thoma). A paragraph-by-paragraph refutation of a WSJ op-ed that argued for even more DoD feeding at the trough. Hedgies Still Hearing “Redemption Song” Joshua Brown Community Reinvestment Act Makes Bankers Stupid, According to AEI Research James Kwak (hat tip Brad DeLong) People Pulling Up to Pawnshops Today Are Driving Cadillacs and BMWs Wall ...
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SARS Offers Lessons for Credit Panic: Kevin Hassett (Correct)
bloomberg.com 10/7/2008 — Commentary by Kevin Hassett (Corrects fifth paragraph to indicate year of panic was 1837, not 1937.) Oct. 6 (Bloomberg) -- This is what a panic looks like. Banks have practically stopped lending to one another. Risky assets are so toxic that the ...
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Pile on James Kwak Day
econlog.econlib.org 8/29/2009 — (August 28, 2009 07:50 AM, by Arnold Kling) Many of these links come from the indispensable Mark Thoma. First, we have Gender and banking: Are women better loan officers? by Thorsten Beck and others. And yes, it does strengthen my priors. The Fed's ...
Hassett and the Paradox of Thrift
econospeak.blogspot.com 1/13/2009 — I nominate Kevin Hassett for the worse argument yet against the Obama fiscal stimulus: We are in the midst of a crisis caused by so many financial institutions borrowing too much money. Somehow, a critical mass of policy makers now believes that the ...