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Financial Crisis With Few Prosecutions

It is a question asked repeatedly across America: why, in the aftermath of a financial mess that generated hundreds of billions in losses, have no high-profile participants in the disaster been prosecuted? Answering such a question — the equivalent of determining why a dog did not bark — is anything but simple. But a private […]

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economics Uncategorized

The FED has a blog

The New York Fed’s Liberty Street Economics blog provides commentary on current economic topics relating to monetary policy, macroeconomic developments, financial stability issues, and regional trends in the Second Federal Reserve District. From Liberty Street Economics The FED has a blog. I’m giving it a week before the place is overrun by angry gold-bugs and […]

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economics Uncategorized

Alan Greenspan’s housing bubble coffee break

There is a lack of consensus as to how the relaxation of credit standards will impact safety and soundness. To date, loan delinquencies have remained modest, both within and outside of the banking industry. However, the undiminished appetite, particularly for the nonconforming mortgage product, has allowed for the flexibility to continue. And there is no […]

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economics Uncategorized

Alan Greenspan’s housing bubble coffee break

There is a lack of consensus as to how the relaxation of credit standards will impact safety and soundness. To date, loan delinquencies have remained modest, both within and outside of the banking industry. However, the undiminished appetite, particularly for the nonconforming mortgage product, has allowed for the flexibility to continue. And there is no […]

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economics Uncategorized

I have nothing to say about the Fed Audit.

Sorry guys.

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economics Uncategorized

What is the case for the Fed?

If you take the relevant division to be “before and after WWII,” the Fed looks pretty good. From What is the case for the Fed? More honest discussion on the fed, demonstrating it is possible to debate its merits without hyperbole.

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economics Uncategorized

Has the Fed Been a Failure?

2013 will mark the 100th anniversary of the Fed.  What have we got for our money? From Marginal Revolution: Has the Fed Been a Failure? Fair critique of the FED.

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Nationalize the Federal Reserve!

URL: http://lookatthisfuckingteabagger.com/post/190965830

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economics politics Uncategorized

When the Fed says X, they really mean Y

The Fed typically convenes every month to discuss interest rates. It is not only the action (whether rates are raised, lowered, or held constant), but also the accompanying “statement” which is of interest to investors and analysts. In its statement, the Fed may signal both its motivation for the current policy decision as well as […]

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economics politics Uncategorized

Fed Chief Calls for New Mortgage Rules

In testimony this morning to the House Financial Services Committee, Mr. Bernanke said a full review of consumer protection regulations was under way under existing regulatory authority. “The recent problems in subprime lending have underscored the need not only for better disclosure and new rules but also for more-uniform enforcement in the fragmented market structure […]