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This quote is from this site: Q: How many Chicago School economists does it take to change a lightbulb? A: None. If the lightbulb needed changing, the market would have already done it. Raj Patel has written a book entitled The...
Tags: Chicago School, Free Market Ideology, Financial crisis, wall street, Alan Greenspan, free market, Tim Geithner, Larry Summers
Bernanke on Thursday offered a strong defense of his handling of last year's near collapse of the economy, telling a Senate panel considering his pending reconfirmation that his actions helped avert an even greater crisis. The nation's central banker...
Tags: Ben Bernanke, Federal Reserve, Mr Bernanke, Does Bernanke, Bernanke Defends First Term, reserve chairman, Senate Banking Committee, US Senate, chairman ben, bernanke defending, New York City, Business Finance, Chairman of the Federal Reserve, Federal Reserve System, Politics, Jim Bunning, Emergency Economic Stabilization Act, Alan Greenspan, Monetary policy, American International Group, Subprime mortgage crisis, Financial crises, Christopher Dodd, Federal Open Market Committee, Timothy Geithner, Excess reserves, Great Depression, Bernanke Doctrine, Group of Thirty, Liu Mingkang, Banking
The great unwinding of the financial sector showed that the smartest mathematical minds on the planet, backed by some of the deepest pockets, had not built a sleek engine of permanent prosperity but a clown car of trades, swaps and double dares that,...
Tags: free market, New York, Ayn Rand, Atlas Shrugged, Business Finance, Objectivism, Capitalism, Recession, Alan Greenspan, Objectivist philosophy, Objectivists
Regarding Federal Reserve Chairman Ben Bernanke's Nov. 29 Sunday Opinion commentary , "The right reform for the Fed": As a result of legislative convenience, bureaucratic imperative and historical happenstance, a variety of responsibilities have accreted...
Tags: Regarding Federal Reserve, Ben Bernanke, Mr. Bernanke, New York City, Business Finance, Federal Reserve System, Monetary policy, Economic bubble, Kevin Warsh, Macroeconomics, Inflation, Chairman of the Federal Reserve, Alan Greenspan, Federal Reserve, Mark Gertler, Central bank, Federal Open Market Committee
Federal Reserve Chairman Ben Bernanke has testified 16 times before congressional committees since the scary days of September 2008. Thursday's hearing is different because its sole focus is Mr. Bernanke's performance. The Fed has become a lightning rod...
Tags: Federal Reserve, Ben Bernanke, Mr. Bernanke, reserve chairman, New York City, Business Finance, Chairman of the Federal Reserve, Federal Reserve System, Monetary policy, American International Group, Politics, Subprime mortgage crisis, Alan Greenspan, Jim Bunning, Bob Corker, Federal Reserve Transparency Act
The choice facing the country, as Kaufman writes in his book "The Road To Financial Reformation" is to patch holes in the financial system or undertake fundamental reform. And while he is fairly certain the country will continue doing the former, he is...
Tags: Henry Kaufman & Co., Federal Reserve, financial institution, Alan Greenspan, stricter regulations, Germany, Berlin, Surnames, Henry Kaufman, Business Finance, Federal Reserve System, Criticism of the Federal Reserve, Banking, Ben Bernanke, Monetary policy
Momentum is growing in the United States and abroad to deal with the problem of financial institutions deemed "too big to fail" by breaking them up so they're not so big in the first place. "The era of the big bank is over," said Simon Johnson, a professor...
Tags: United States, Federal Reserve, financial institute, New York City, Lloyds Banking Group, Banking in the United States, Bailout, Business Finance, economics, Federal Reserve System, Alan Greenspan, Monetary policy, Emergency Economic Stabilization Act
The crisis which engulfed the global financial system over the past two years was not just a function of greed on Wall Street (or in Scotland), stupidity, poor regulation or even property bubbles which got out of control. It was, argues John Cassidy...
Tags: Alan Greenspan, US Federal Reserve, free market, United Kingdom, London, Goldman Sachs, Monetarism, Adam Smith, Business Finance, Macroeconomics, Federal Reserve System
The second is how some are referring to Bernanke's ever-increasing role in Asia. From Beijing to Hanoi, officials are concerned that low US interest rates are fueling bubbles. It's the clearest sign yet that Asian officials are worried about bubbles.
Tags: US Federal Reserve, Global Fed, Hysteria Asia, Asian, Ben Bernanke, Hong Kong, China Banking Regulatory Commission, Alan Greenspan, Bank of Japan, Singapore, China, United States dollar, Business Finance, Central bank, Andy Xie, Federal Reserve System, Monetary policy, Greenspan put
Is the current economic debacle a “legacy” of the previous administration? That is what Timothy Geithner would have us believe after being taken to the woodshed recently and asked to resign as Secretary of the Treasury by Congressman Kevin Brady.
Tags: Timothy Geithner, CFTC, Robert Rubin, R.A. Geise, Alan Greenspan, New York City, Fellows of the Econometric Society, Goldman Sachs, Commodity Futures Trading Commission, Business Finance, Brooksley Born, Long-Term Capital Management, Council on Foreign Relations