…of making unpopular decisions that are in our collective best interest. In 2008, during the most severe financial crisis in 80 years, Republican and Democratic leaders in Washington came together…

CNBC reports Greenspan … added that the financial crisis could not have been foreseen. “It is just not feasible to forecast a financial crisis,” he said. “A financial crisis by…

Robert Waldmann Is Jim Puzzangera of the Los Angeles Times insinuating what I think he’s insinuating ? Before Washington Mutual collapsed … its executives knowingly created “a mortgage time bomb”…

Mark Thoma at Moneywatch writes a made up interview “with William Dudley, President of the Federal Reserve Bank of New York, on the Fed’s failures as a regulator prior to…

…kinds of financial software and financial engineering “solutions” and for others claiming patent protection for tax planning strategies by releasing a decision in the Bilski case that clarifies the “abstract…

…the twenty-first century, perhaps even a federal world government, is an urgent one. The failure of the New York investment bank, Lehman Brothers, in September 2008 triggered a financial collapse…

…product — say a 30 year fixed rate mortgage. [Here is an] explanation by [Steve Waldman at] Interfluidity via rortybomb: Vanilla products would turn basic financial services into a commodity…

…this link from Tradersmagazine on the European and British take on compensation aspect of financial stability reform Final Rules from the Financial Stability Reform program in Britain: In mid-August, the…

Ken Houghton notes the plural in the title, which was written not by me rather by the FRB Atlanta, which sponsored a conference of that name, hosted by David Altig…

rdan TBI is a term many in the States do not understand – still. AP reports: Every soldier who’s gone to war in the past year paused before leaving to…