Posts Tagged ‘Alan Greenspan’

QUESTIONS FOR BERNANKE’S SENATE CONFIRMATION HEARING

Tuesday, December 1, 2009 20:39

The Senate Banking Committee will be chatting with Ben Bernanke this Thursday to vote on his reappointment.Demand that the Committee ask the following questions for our esteemed Esteemed Chairman (and contact your own Senators also and demand that they...

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GALBRAITH: ADMINISTRATION’S SOLE GOAL IS TO RESTORE SYSTEM OF 5 OR 10 YEARS AGO, BUT CONFIDENCE WON’T BE RESTORED UNLESS FRAUD IS PROSECUTED

Sunday, November 1, 2009 19:23

As I have repeatedly written, the largest U.S. banks have repeatedly gone bankrupt due to wild speculation which was blessed by the Fed, and then the government covered up their bankruptcy.Indeed, the New York Times writes today about one of the too bi...

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GREENSPAN: BREAK UP THE BIG BANKS, IT WILL BE GOOD FOR THE ECONOMY, MINOR REGULATION WON’T WORK

Thursday, October 15, 2009 18:04

Alan Greenspan has joined the long and distinguished list of experts calling to break up the too big to fails.As Bloomberg writes today:U.S. regulators should consider breaking up large financial institutions considered “too big to fail,” former Fe...

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CONGRESSMEN GRAYSON AND PAUL ASK SENATE BANKING TO DELAY CONFIRMATION OF BERNANKE UNTIL FED RELEASES INFORMATION ON SECRET BAILOUTS

Thursday, October 8, 2009 1:26

Below is letter text, and attached is the letter that was faxed to every member of the Senate Banking Committee. 10/07/09 Chairman Chris DoddU.S. Senate Committee on Banking, Housing, and Urban Affairs534 Dirksen Senate Office BuildingWas...

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SIMON JOHNSON: “IF EVERYONE INVOLVED IS USING THE SAME ROADMAP OF RISKS, WE WILL ALL DRIVE OFF THE CLIFF AGAIN TOGETHER”

Thursday, October 1, 2009 22:28

We have to change our risk models, and not just defer to the big banks' inaccurate models which got us into this mess.Says who?Nassim Taleb:I have been fighting risk models both as a Wall Street trader and as a professor and my worst nightmares were th...

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DID GREENSPAN JUST CONFIRM EXETER’S THEORY OF GOLD?

Friday, September 11, 2009 10:23

Professor Emeritus of Mathematics Antal Fekete has argued for years that gold is the ultimate - and only - safe haven when things really hit the fan.For example, in 2007 Fekete wrote:The grand old man of the New York Federal Reserve bank’s gold depa...

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DOUBLE DIP STILL IN THE CARDS

Monday, August 3, 2009 11:25

In May, CNBC wrote that we are in danger of a double-dip recession.Hasn't that risk passed?No. According to a lot of top economists and financial analysts, the risk is still very real:Alan Greenspan and Tim GeithnerNouriel RoubiniMartin Feldstein, pro...

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THOM HARTMANN: THE GREAT TAX CON JOB

Tuesday, July 21, 2009 20:10

High top marginal tax rates on rich people actually stabilize the economy, prevent economic bubbles from forming, prevent economic crashes, and lead to steady and sustained economic growth.

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FED UNDER FIRE

Monday, July 20, 2009 23:25

AnalysisBy Steve SchifferesEconomics reporter, BBC News<img src="http://newsimg.bbc.co.uk/media/images/45125000/jpg/_45125828_-73.jpg" align="left" width="226" height="170" alt="US Federal Reserve chairman Ben Bernanke " border="0" vspace="4" hspace="4">Ben Bernanke, the chairman of the US central bank, the Federal Reserve, has played a central role in the global financial crisis.The Fed, along with the US ...

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EXPLAINING THE FINANCIAL CRISIS: CONTINUOUSLY UPDATED NEWS AGGREGATION IN ACTION

Thursday, September 18, 2008 3:11

Scott framed his previous challenge to news sites in general terms: like Drudge, any site could use continuously updated aggregation to become a “destination for links to news of what’s going in the world.” But this kind of aggregation can be just as powerful when applied to specific stories or ...

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