All Posts Tagged With: "subprime mortgages"
Boom and Bust: Crisis and Response
Gerald P. O’Driscoll’s TheFreemanOnline.org guest column is here.
23Nov2009 | Sheldon Richman | 0 comments | ContinuedFree-Marketeers Should Welcome Regulation?
In a Wall Street Journal op-ed, Paul Singer, chairman of the Manhattan Institute, suggests that “there is an urgent need for a new global regulatory initiative” to address the causes of the worldwide financial collapse and that even those who appreciate the qualities of free markets should welcome the new and different regulations he proposes [...]
23Sep2009 | Peter Lewin | 5 comments | ContinuedMore Fun with Fannie and Freddie
From today’s Wall Street Journal editorial page: Back when the housing mania was taking off, Massachusetts Congressman Barney Frank famously said he wanted Fannie Mae and Freddie Mac to “roll the dice” in the name of affordable housing. That didn’t turn out so well, but Mr. Frank has since only accumulated more power. And now [...]
24Jun2009 | Sheldon Richman | 0 comments | ContinuedAIG Unregulated?
The story persists that AIG did what it did because it was “unregulated.” This implies, without evidence, that regulators would have understood the problem and would have done something. The New York Fed and others regulate the big Wall Street banks and look what happened.More fundamentally, we should understand that while credit default swaps were, [...]
6May2009 | Sheldon Richman | 0 comments | Continued-
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