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Archive for April 2014
March 26, 2009

It's All About Debt

Who caused the global economic collapse? We all did.

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September 22, 2008

Good Bailouts and Bad

The test of the bailout will be whether the government plans to buy banks' assets at a price resembling fair market value.

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July 15, 2008

The Panic Over Fannie and Freddie

The U.S. government has made it clear that Fannie Mae and Freddie Mac, the two big mortgage guarantors, are not going to run out of cash. Yet the stocks of both are still tumbling; what is going on?

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March 24, 2008

A Seriously Terrible Idea

There have been reports in the press that the Federal Reserve has been meeting with the U.K. and European central banks to discuss a novel idea: direct purchases of mortgage securities by these central banks to “set a floor” under their prices. This is an appalling idea, and here's why.

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January 28, 2008

Who’s Afraid of Sovereign Funds?

The most recent subject to provoke shivers of anxiety is the rise of sovereign wealth funds, notably the investment by a number of them during the past two months of nearly $20 billion in some leading U.S. financial institutions.

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