University of Texas economics professor James K. Galbraith previously said that fraud caused the financial crisis:
You had fraud in the origination of the mortgages, fraud in the underwriting, fraud in the ratings agencies. Senator Kaufman said la…
Posts Tagged ‘galbraith’
Economist James Galbraith: Economists Should Move into the Background, and “Criminologists to the Forefront”
April 22nd, 2010 |
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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
November 1st, 2009 |
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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…
Galbraith: Fed is Unlawfully Withholding Information from Congress
October 26th, 2009 |
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The Federal Reserve is unlawfully withholding information from Congress.Says who?Says noted economist James Galbraith:To this day, Chairman Ben Bernanke has refused to disclose to Congress exactly who has received help under the many crisis measures an…
Galbraith: “The Strategy …That You Would Sustain The Banking System In Order That It Would Resume Lending — Hasn’t Worked, And It Isn’t Going To Work”
September 9th, 2009 |
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Economist James Galbraith told McClatchy:The strategy that was stated at the beginning of the year — which is that you would sustain the banking system in order that it would resume lending — hasn’t worked, and it isn’t going to work.”Galbraith is …