by Henry Oliner | Dec 29, 2009 | Business, Politics
The quasi-governmental institutions Fannie Mae and Freddie Mac guaranteed mortgages, which Wall Street happily securitized once the credit rating agencies- which had been given a legally protected oligopoly by the government-declared them to be safe investments. ...
by Henry Oliner | Dec 23, 2009 | Business, Economics, Politics
“When businesspeople and senior executives do a bad job they are -eventually at any rate- thrown out on their ear. As Fed Governor, Ben Bernanke convinced his colleagues to pump up an inflationary bubble to avoid a crisis; as U.S housing secretary Andrew Cuomo...
by Henry Oliner | Dec 1, 2009 | Economics, Financial, Uncategorized
From Financial Fiasco by John Norberg “The financial strategist George Cooper, who wants to rehabilitate a Keynesian analysis of the financial market, sees similarities between interventionist economist John Maynard Keynes’s desire to stimulate demand in...
