alan greenspan

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 by the Office of the Comptroller of [...]

Politico points readers to the economic analysis of Morgan Stanley’s Richard Berner:
In a research note that’s been making the rounds of economics blogs this week, Berner declares that “America’s long-awaited fiscal train wreck is now under way.”
By “train wreck,” he means out-of-control federal budget deficits that he’s sure will finally drag the economy under — [...]

There are plenty of noteworthy quotes in the Peter Baker piece on former President Bill Clinton in The New York Times Magazine, and the published interview transcript that accompanies it. So far, this strikes me as the noteworthiest; while addressing criticisms of his administration in light of recent financial failures, Clinton said:
Then there’s the argument [...]

There’s a lot of buzz already about New York Times economic reporter Edmund L. Andrews’ account of his personal financial crisis  in “Busted: Life Inside the Great Mortgage Meltdown.” Mainly it’s because more than a few financial blogs regularly linked to Andrews’ coverage of the financial crisis. The same veteran reporter who covered the Federal [...]

A year ago, blogger Michael Shedlock pronounced Citigroup insolvent. No one paid much attention then, but Shedlock never wavered.
Now the U.S. government is in talks to significantly expand its ownership of Citi, the Wall Street Journal reports. And Shedlock, who writes the widely read Mish’s Global Economic Trend Analysis blog, thinks that move can’t come [...]

Friend of the site Charles Morris points out something many people might have missed in former Federal Reserve Chairman Alan Greenspan’s testimony Thursday before Congress.
Headlines noted that Greenspan acknowledged his misplaced faith in the ability of free markets to correct themselves. But he also did something else — he didn’t point to the Community [...]

“Partially,” answered Alan Greenspan, the former oracle and maestro of the Federal Reserve between 1987-2006.
The House Oversight and Government Reform Committee held a great hearing yesterday on the role that the credit rating agencies played in the financial system’s meltdown. Today’s hearing on federal regulators on Wall Street has been more theater so far.

“Saturday Night Live’s” debate skits and Tina Fey as Alaska Gov. Sarah Palin usually draw all the attention this campaign season, especially from the political blogs that post excerpts on Sundays.
But this weekend, the show managed to take on the mortgage crisis — not the easiest topic for humor.
At L.A. Land, Peter Viles says that [...]