Relevant and even prescient commentary on news, politics and the economy.

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Reads of the Day for the start of 2009

…have an adjustable-rate mortgage. So Mulligan is basically blaming (1) those whose ability to keep their home depended on keeping their job and (2) those who took Alan Greenspan’s venal…

WAPO on AIG III

…until then, they had little idea what they were doing. In fall 2005, Eugene Park was asked to take over Alan Frost’s responsibilities at Financial Products. Frost had done exceedingly…

2005 Federal Housing Finance Reform Act

…House as well as Alan Greenspan, former chairman of the Federal Reserve. The critics have forgotten that the House passed a GSE reform bill in 2005 that could well have…

Roubini’s not wrong, but…

…it remains necessary through the night—is the best choice. Even if Alan Greenspan does agree with it. *If you look at the debt market, they knew BS was a junk…

Economic trouble

…was diligent about paying down the debt, Ford had to contend with an Oil Crisis and disco, and Bush Sr. got hosed by Alan Greenspan. GW has had everything his…

No laboring in economics

…economist of the second half of the 20th century…possibly of all of it”.[2] Former Federal Reserve Board chairman Alan Greenspan stated, “There are very few people over the generations who…

Ancient History

…(before Alan Raised a Cayne): Extra credit: Name the book used as background for the 1973 Mets tribute card and the unopened Desert Storm card pack. (Hint: it was the…

Index funds and commodities 2

…the same move. I would note that according to Citigroup commodity analyst Alan Heap, (Beyond Fundamentals…), long only funds such as index began entering late 2003-early 2004 Finally, Frank Veneroso…

45 trillion credit swap market…how big is that?

…Chairman Alan Greenspan, a couple of years ago he called credit default swaps “probably the most important instrument in finance,” because they were supposed to spread risk around and stabilize…