washingtonpost.com - 10/15/2008
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How did the world's markets come to the brink of collapse? Some say regulators failed. Others claim deregulation left them handcuffed. Who's right? Both are. This is the story of how Washington didn't catch up to Wall Street. By Anthony Faiola, Ellen Nakashima and Jill Drew Washington Post Staff ...
washingtonpost.com - 10/15/2008
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washingtonpost.com —
Comments that include profanity or personal attacks or
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What Went Wrong
washingtonpost.com - 10/16/2008
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washingtonpost.com —
Comments that include profanity or personal attacks or
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What Went Wrong
cnbc.com - 10/23/2008
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cnbc.com —
Former Federal Reserve Chairman Alan Greenspan told Congress
on Thursday he is "shocked" at the breakdown in...
U.S. credit markets and said he was "partially" wrong to resist regulation of some securities. Despite concerns he had in 2005 that risks were ...
(more)
Greenspan: I Was 'Partially' Wrong On Credit Crisis - ...
Comments
Blog Reactions
Links: Credit Derivatives, Finger-Pointing, and China
Paul Kedrosky's Infectious Greed —
Some quick links to items of interest: Finger-pointing: It was the derivatives (Portfolio) Data Scraping Wikipedia with Google Spreadsheets (Source) Finger-pointing: It was the regulators' fault (WashPost) China calls post-Olympic time-out on commodity buying (BreakingViews) Citadel CDS spreads widening out (Marketwatch) Commodities go out of fashion for wealthy (Reuters) ...
Logical Limits To Bubbles
European Tribune —
... markets. In this case, one of them stuck out like a sore thumb by actually wanting to regulate. But the three others, especially "Bubbles of the Fed", got on the CFTC's case and resolutely fought off the danger. Brooksley E. Born, from a Washington legal background, was head of the CFTC, and she had become known for expecting regulation to be applied. The CFTC's brief concerns futures markets, but Born was pressing the case for regulation of certain derivatives other than futures: What Went Wrong Unlike the commodity futures regulated by Born's agency, many newer derivatives ...
Three Long Articles on Three Big Failures
The Aleph Blog —
... The last article is another three part series from the Washington Post that is about the failure of our financial markets. (Here are the parts — one, ...
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I’d rather be wrong, so wrong
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via Andrew Sullivan — who, for his work this past week, shall be forgiven much — comes Daniel Larison, fretting about regime collapse and separatist movements in Iran. Those strike me as deeply improbable. Iran is not a failed or even a particularly weak state; if the ...
Wrong-way Paulson
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Me, September 21:
[S]houldn't the public intervention also be at ...
The wrong financial crisis
VoxEU.org 10/22/2008 — J. Bradford DeLong , 10 October 2008 Catastrophic failures of risk management throughout the entire banking sector multiplied a relatively minor collapse in housing prices into a paralysis of the global finance system not seen since the Great ...
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Being WRONG is the Problem!
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Why I Was Wrong...
delong.typepad.com 11/29/2008 — Calculated Risk issues an invitation:
Calculated Risk: Hoocoodanode? : Earlier today, I saw Greg "Bush economist" Mankiw was a little touchy about a Krugman blog comment. My reaction was that Mankiw has some explaining to do. A key ...
Our Monetary Policy is not an Asset
alephblog.com 10/16/2008 — It is an interesting academic question for Dr. Bernanke. “ Perhaps we should consider asset prices in our monetary policy after all ?” Nice to be considering that idea now, when it is too late. The Fed has toyed with the idea in the ...
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