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FHFA Issues Subpoenas for PLS Documents

…in private-label securities. These securities included subprime loans, which were extended to people with thin or weak credit histories, as well as exotic loans such as adjustable-rate mortgages known as…

SCOTT SUMNER II

…I wonder if he is even aware that economic historians label the 1870’s as the “Long Depression”. I find it really amusing that he so proud of what others call

About Angry Bear Angry Bear 2009: The Wall Street Journal, 24/7 Wall Street and Time CNN named Angry Bear among the top 25 independent economic blogs on the net. As…

Tri-Committee Health Care Bill Deficit Neutral

…“The reforms included in this legislation will help control health care costs and expand access to quality, affordable coverage to all Americans in a fiscally-responsible manner.” The estimates also cover…

Warren Buffet’s annual letter to shareholders

…the public teat will be a political challenge. They won’t leave willingly. … … “Though the path has not been smooth, our economic system has worked extraordinarily well over time….

Paul Volcker Feb.20

…certainly be protected by all governments in all circumstances, and with that must go a certain extra attention to the supervision of those institutions. All banks must be supervised and…