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On the 5th Anniversary of the Financial Crisis, 5 Critical Must-Do's -- No. 5

Phil Angelides | Posted 11.09.2013 | Politics
Phil Angelides

Five years ago this week, the financial system unraveled due to recklessness on Wall Street and regulatory failures in Washington. The American people...

Alan Greenspan Says Thing, People Listen, For Some Reason

Mark Gongloff | Posted 07.01.2012 | Business
Mark Gongloff

Alan Greenspan said something about the budget deficit on Tuesday. The reason this is "news" is because it is shocking that Alan Greenspan is still allowed ever to speak publicly about matters of importance.

Greenspan: I'm In Favor Of Raising Taxes 'For The First Time In My Memory'

Yahoo! News | Edward Krudy | Posted 05.25.2011 | Business

Reversing a long-standing aversion to tax increases, Greenspan warned of "very grave problems ahead" if the budget deficit, swollen to around $1 trill...

Bernanke, QE2 and a matter of politics

Robert Teitelman | Posted 05.25.2011 | Business
Robert Teitelman

The commentary on the Federal Reserve's second round of quantitative easing -- QE2 to the headline writers, which always makes me think it's time for ...

Weekly Audit: How Deregulation Fueled Goldman Sachs' Scam

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

by Zach Carter, Media Consortium blogger Last week, the Securities and Exchange Commission filed fraud charges against Goldman Sachs and underscored w...

Dylan Ratigan Explains 'Con Job': Greenspan, Banks, Congress To Blame

Posted 05.25.2011 | Business

Dylan Ratigan sought to explain the causes and scope of the of the financial crisis Wednesday. Calling it a "con job," Ratigan identified former Fed...

Alan Greenspan: The Financial Crisis Was Caused By A 'Once-In-A-Lifetime' Event (VIDEO)

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Former Federal Reserve Chairman Alan Greenspan, who has issued near mea culpas in the past few months about his role in the financial crisis, still be...

Oh Please

James K. Galbraith | Posted 05.25.2011 | Business
James K. Galbraith

The most telling omission in Greenspan's paper is that the word "fraud" does not appear. But the world knows that the collapse of the financial system had, at its core, the largest financial fraud of all time.

Alan Greenspan's Financial History for Lobotomy Victims

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

Rejecting the capitalist values of choice and personal accountability, Greenspan filters history through an intellectual construct where no one -- most notably Alan Greenspan -- ever takes the blame.

In Defense of the Volcker Rule

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Some version of Wall Street reform is going to pass the Senate this week, but before it does, there are still three crucial battles to be waged, all of which would significantly change the way Wall Street does business.

Greenspan's Nightmare Is Much of the World's Dream

Mark Weisbrot | Posted 05.25.2011 | World
Mark Weisbrot

Is there something wrong with this picture, that one of the world's most powerful economic decision makers, dreads the decline of mass unemployment and rising wages among people making 80 cents an hour?

The Economy: Cycling Along With the Training Wheels On

Michael de Portu | Posted 05.25.2011 | Business
Michael de Portu

Some observers ask whether we are in 1929 or 1932. The good news is that the world is so different today, we are probably in neither. The globe has 6 billion inhabitants with that much more potential for instability.

When Bush Got 'Drunk' -- As Meltdown Approached

Greg Mitchell | Posted 05.25.2011 | Politics
Greg Mitchell

It's fun, sad and fascinating to look back one year at one of the few YouTube highlights or lowlights of the George W. Bush presidency.

Greenspan: Bailouts Are Biggest Threat To U.S. Future | Ryan McCarthy | Posted 05.25.2011 | Business

What are biggest threats to America's economic future? According to former Federal Reserve Chairman Alan Greenspan, government bailouts of "too big t...

Alan Greenspan, Richard Posner Duel Over The Causes Of The Financial Crisis

The Daily Dish | Posted 05.25.2011 | Business

I have received an email from Alan Greenspan in which he expresses regret at what he describes as my "rather thin analysis of the source of the curren...

Alan Greenspan: The Fed Didn't Cause The Housing Bubble

Wall Street Journal | ALAN GREENSPAN | Posted 05.25.2011 | Business

We are in the midst of a global crisis that will unquestionably rank as the most virulent since the 1930s. It will eventually subside and pass into hi...

Alan Greenspan: Economy Worst Since 1930s, Tarp Insufficient, Supports Bank Nationalization

Huffington Post | Posted 05.25.2011 | Business

Former U.S. Federal Reserve Chairman Alan Greenspan said on Tuesday that the global recession will "surely be the longest and deepest" since the 1930s...

Greenspan Statement Rocks Markets, Undermines Confidence

Bill Allen | Posted 05.25.2011 | Politics
Bill Allen

Greenspan said he believed that banks and other financial businesses would act in their own self-interest to protect shareholders and their institutions. He is now in a state of "shocked disbelief."

Shinseki and Volcker: Military Contracts and Banking

Jayne Lyn Stahl | Posted 05.25.2011 | Politics
Jayne Lyn Stahl

Make no mistake, this is not about questioning the integrity, judgment, or credentials of retired Army General Eric Shinseki. After all, it was Shinse...

So, Who Would Joseph Heller Vote For Next Tuesday?

Erica Heller | Posted 05.25.2011 | Politics
Erica Heller

Most people would automatically assume it to be the brilliant kid from Harvard rather than the spooky, disingenuous, creaky-wheel from yesteryear. They would be wrong.

Why The Government Can't "Fix" the Crisis

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

In what was for many an unbelievable chain of events, markets started melting down, confidence shattered and believers in unregulated transactions realized something was very, very wrong.

Greenspan Calls Crisis A "Credit Tsunami" (VIDEO)

AP, C-SPAN | Posted 05.25.2011 | Business

Greenspan told the House Oversight Committee on Thursday that his belief that banks would be more prudent in their lending practices because of the ne...

What the Framers Knew and Alan Greenspan Didn't

Eric Lane and Michael Oreskes | Posted 05.25.2011 | Politics
Eric Lane and Michael Oreskes

The Framers did not ask people to rise above self-interest but instead expected them to pursue it. Pitting interest against interest, as Madison put it, is a way of ensuring liberty.

The Mines are Full of Canaries

Margaret Heffernan | Posted 05.25.2011 | Business
Margaret Heffernan

We need a new guard, who know the system but didn't build it. Don't let anyone tell you they're not out there. They've been there for years.

There Will Not Be an October Surprise

Matt Littman | Posted 05.25.2011 | Politics
Matt Littman

No, this campaign is going to come down to Obama vs. McCain, mano a mano. And right now, momentum is going Obama's way.