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washingtonpost.com - 10/15/2008

What Went Wrong

— washingtonpost.com — 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 ... (more) What Went Wrong

Government

Comments vote downundo vote up Paul Kedrosky's Infectious Greed found this 10/15/2008found this

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VoxEU.org - 10/22/2008

The wrong financial crisis

— VoxEU.org — 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 ... (more) The wrong financial crisis

Comments vote downundo vote up naked capitalism found this 10/22/2008found this

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economist.com - 10/10/2008

Publish and be wrong

— economist.com — One group of researchers thinks headline-grabbing scientific reports are the most likely to turn out to be... wrong. IN ECONOMIC theory the winner’s curse refers to the idea that someone who places the winning bid in an auction may have paid too much. ... (more) Publish and be wrong

Comments vote downundo vote up Marginal Revolution found this 10/10/2008found this

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Links 10/16/08
naked capitalism — Ray of hope for the red squirrel BBC Flat-panel TV prices set to dive, analysts say PhysOrg Giant database plan 'Orwellian' BBC Hedge Fund Woes: Troubles at Citadel, Highland Charlie Gasparino, CNBC (hat tip reader Dwight) Co-operatives return to Libor lending Financial Times FDIC Chief Raps Rescue for Helping Banks Over Homeowners Wall Street Journal What Went Wrong Washington Post (hat tip Dean Baker). On how Greenspan, Rubin, and Summers kept the CFTC from regulating ...

Arca Targets Erroneous Trades; Amex Starts Transformation; and Why OTC Derivatives are OTC
Exchanges — ... THE CRASH: Risk and Regulation: What Went Wrong (WashingtonPost.com) -- Nowhere else have I read such an account of how Washington years ago had (and missed) the chance to regulate the over-the-counter derivatives market. ...

The Failure of the Journalists, Part II
Organizations and Markets — ... . And GLB was under Clinton, as was the infamous WGFM. What specific regulations, e.g. on hedge funds or mortgage-backed securities or executive compensation, did the Bush Administration oppose? As Ayn Rand used to say: blank-out.) ...