nytimes.com - 10/2/2008
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And now we’ve reached the next stage of our seemingly never-ending financial crisis. This time Fannie Mae and Freddie Mac are in the headlines, with dire warnings of imminent collapse. How worried should we be? Well, I’m going to take a contrarian position: the storm over these particular ...
nytimes.com - 10/10/2008
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nytimes.com —
Last month, when the U.S. Treasury Department allowed
Lehman Brothers to fail, I wrote that Henry Paulson,
the Treasury secretary, was playing financial Russian roulette. Sure enough, there was a bullet in that chamber: Lehman’s failure caused the ...
(more)
Op-Ed Columnist - Moment of Truth
nytimes.com - 9/30/2008
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nytimes.com —
In 1933, Franklin Roosevelt inherited an economic crisis.
He understood that his first job was to restore
confidence, to give people a sense that somebody was in charge, that something was going to be done. This generation of political leaders is ...
(more)
Op-Ed Columnist - Revolt of the Nihilists - Op-Ed
nytimes.com - 9/27/2008
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nytimes.com —
With breathtaking speed, the world of large Wall
Street investment banks has vanished. Fabled firms, some more
than a century old, have been merged out of existence (Bear Stearns, Merrill Lynch), gone bankrupt (Lehman Brothers), or sought asylum as ...
(more)
Op-Ed Contributor - The Lost Tycoons - Op-Ed
Comments
Blog Reactions
How Much Are Fannie and Freddie to Blame?
SeekingAlpha.com: Home Page —
... Peter Wallison at AEI has out an attempted take-down of economist Paul Krugman ("Fannie, Freddie and You", 7/14/2008), and pretty much anyone else who thinks Freddie and Fannie's role in this crisis during the 2005-2007 period was irrelevant compared to private actors. It's provocative stuff, and reasonably nuanced. ...
Wallison vs. Krugman: How Much are Freddie/Fannie to Blame
Paul Kedrosky's Infectious Greed —
... Peter Wallison at AEI has out an attempted take-down of economist Paul Krugman ("Fannie, Freddie and You", 7/14/2008), and pretty much anyone else who thinks Freddie and Fannie's role in this crisis during the 2005-2007 period was irrelevant compared to private actors. It's provocative stuff, and reasonably nuanced. ...
Jag debatterar med Bo Rothstein
Liberalism-Capitalism-Globalisation: JohanNorberg.Net —
... - Paul Krugman är en kunnig man, men inte just på detta område. Så sent som i juli 2008 lugnade han alla som trodde att Fannie och Freddie utgjorde en stor risk och påstod helt felaktigt att de inte hade ett öre i subprimelån, vilket var de lån de kollapsade på några månader senare. Det är inte svårt att förstå att även han har ett intresse att spela ned deras roll. ...
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