All Posts Tagged With: "Citigroup"
Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System—and Themselves
Books about the 2008 financial crisis keep coming, and New York Times reporter Andrew Ross Sorkin offers one of the better accounts of the meltdown. Using a large number of interviews, he reconstructs the words and acts of key people during the six months from the near-collapse of Bear Stearns in March to the bankruptcy [...]
24Feb2011 | Chidem Kurdas | 0 comments | ContinuedThe Rise and Fall of Glass-Steagall
The ongoing financial crisis has pundits, bloggers, academics, and politicians scrambling for explanations. Deregulation gets a major share of their attention, specifically the 1999 repeal of the Glass-Steagall Act of 1933. Just what was Glass-Steagall and how did it come about? Bank failures were among the most dramatic and devastating aspects of the Great Depression. [...]
22Sep2010 | and Jeffrey Rogers Hummel | 6 comments | ContinuedGetting in Deeper
In what the Wall Street Journal calls “a watershed moment for government intervention in the private sector,” the Federal Reserve announced in October that it will regulate executive compensation at all banks so they will not have incentives to take on too much risk. Meanwhile, the Obama administration said it would cut by half (on [...]
5Jan2010 | Sheldon Richman | 1 comment | ContinuedThe Americanization of Japan
Norman Barry (norman.barry@buckingham.ac.uk) is a professor of social and political theory at the University of Buckingham, UK, the country’s only private university. Although it was an up-and-down 2006 for the Japanese economy, there have been signs of an emergence from its long recession. Unlike previous recoveries that proved short-lived, this one shows every indication of [...]
1May2007 | Norman Barry | 4 comments | Continued-
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