Appearing on Meet the Press this weekend, Alan Greenspan, the former head of the Federal Reserve, sounded an awful lot like John Edwards for a central banker with a strong libertarian streak:
The New York Times has an excellent in-depth interview with Paul Volcker, the former chair of the Federal Reserve, an advocate for the current financial regulatory reform bill — which will likely pass the Senate and become law toward the end of this week — and the author More…
The release of the Fed’s 2004 transcripts and my initial post have ginned up a number of posts and stories — including ones by Ryan Grim, Yves Smith, Matt Yglesias, Paul Krugman and Ryan Avent. In his story, Grim pulls out what sounds More…
The Federal Reserve releases minutes of its meetings discussing monetary policy and reviewing risks to the economy on a six-year delay, and last week it released its data from 2004 — the year that housing economists first started really ringing the alarm bell about the risk of a housing More…
Testifying to the Financial Crisis Inquiry Commission, former Fed Chairman Alan Greenspan and former Citigroup executives Robert Rubin and Charles Prince passed the buck. Rubin and Prince said they could not have understood Citigroup’s extraordinary exposure to the housing market or recognized the risk the bubble posed any earlier. More…
As a quick follow to Annie’s nice wrap of yesterday’s gathering of the commission investigating the recent financial crack-up, it’s worth noting that Alan Greenspan — once contrite about the “flaw” surrounding his blind trust in free markets — is now making the claim that he’d been More…
In some sense, the Financial Crisis Inquiry Commission is a lame duck. Headed by Phil Angelides and created in May 2009, the FCIC is not due to file its final report until December. Financial reform legislation will likely come up for a vote next month. The panel’s ultimate recommendations will More…
The Consumer Advisory Council meets this Thursday in Washington — and the goings-on are open to the public. If you register online by today, you can attend.
You might get a feel for how consumer protection would be handled under the Fed.
By the way, if you’re going through the transcripts of the Consumer Advisory Council, you’ll see that Fed Chairman Ben Bernanke attends the meetings, which are held three times a year in Washington, D.C.
We were curious: During the boom, did former Fed Chairman Alan Greenspan ever go to More…
A new study out today from the University of North Carolina Center for Community Capital provides more evidence that deregulatory zealots have a lot to answer for when it comes to the mortgage crisis: State anti-predatory laws actually worked, slowing down foreclosures.
But, alas, the state protections were overruled More…
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