by Henry Oliner | Apr 8, 2013 | Philosophy, Politics
“Another artificial factor stimulating investors’ demand for U.S. debt is the lack of alternatives. Because of Europe’s problems, investors there are limited in their choices of finding safe government-backed securities. In other words, interest rates on U.S. debt...
by Henry Oliner | Mar 25, 2013 | Bush, Random
“I also quoted a favorite passage of mine from Robert Frost’s poem “The Black Cottage”: Most of the change we think we see in life Is due to truths being in and out of favor. The “truths” that form the bedrock of our democratic culture fell out of favor in the first...
by Henry Oliner | Mar 19, 2013 | Economics
Many traditionalists, including Warren Buffett, lashed out at the stress tests as wrong and unnecessary. He was quoted in the Financial Times complaining that Citigroup’s high-profile problems had tainted the entire industry. Most of the banking institutions were...
by Henry Oliner | Mar 17, 2013 | Economics, Uncategorized
Sheila Bair was the Chairman of the FDIC under Bush and later reappointed under Obama. In Bull by the Horns she gives her perspective on the housing crisis and the financial collapse. Sheila was a Republican and voted for McCain, but her criticisms were quite...
by Henry Oliner | May 25, 2012 | Economics, Economy
The default belief of our economic history of the last 100 years has been an acceptance of the dynamic growth of capitalism punctuated by excesses of market greed that have to be corrected by the singular wisdom of government regulation. On closer examination many of...
