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Simon Johnson suggests a narrative

…Republicans, they all benefited the financial sector. Policy changes that might have forestalled the crisis but would have limited the financial sector’s profits—such as Brooksley Born’s now-famous attempts to regulate…

Bananas republic?

…they all benefited the financial sector. Policy changes that might have forestalled the crisis but would have limited the financial sector’s profits—such as Brooksley Born’s now-famous attempts to regulate credit-default…

The President’s Speech

…we manage this plan flawlessly, there will be no real recovery unless we clean up the credit crisis that has severely weakened our financial system. I want to speak plainly…

McCain and Obama and Lehman Brothers

…We will rebuild confidence in our markets and restore our leadership in the financial world.” Obama: “The challenges facing our financial system today are more evidence that too many folks…

Bail or re-sell after the bums are kicked out?

…the financial system.” Already, investors are considering whether another firm might face financial problems. The price for insuring Lehman Brothers’ debt jumped to $478 per $10,000 in bonds on Friday…

OldVet rocks with another graphic on finance

Who’s gambling with our markets now? In contrast to my own somewhat more gloomy views of our financial future, we have a different framing of the financial credit problem and…

Worrying at the IMF

…view of the financial outlook for the remainder of 2006 and beyond,” the study, called the Global Financial Stability Report, concluded. Despite the worries, continuation of sunny skies was still…

Accounting 101 for Donald Luskin

financial wealth was virtually zero. And we have continued to experience current account deficits, which implies that our net financial position is one of substantial debt. But haven’t we accumulated…