Tag Archives: former federal reserve chairman alan greenspan

Conservatives Shocked That Markets Weren’t Adequately Regulated

Here’s a chortle from the liberal Detroit Free Press: A paragraph from a Friday cbsnews.com story on former Federal Reserve Chairman Alan Greenspan says it all: “Greenspan…said that he and others who believed lending institutions would do a good job … Continue reading

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Henry Waxman Grills Alan Greenspan

The current financial meltdown is not a morality play. There’s not one collection of bad guys. Rather, there was global risk-taking that has dramatically gone wrong. Bankers and other financial institutions lent recklessly. They did not look out for their … Continue reading

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Foreclosures Way Up

NPR reports: FDIC Chairman Sheila Bair on Thursday suggested that the government guarantee mortgages as a means of avoiding foreclosures, a move that could help banks and homeowners. Bair told the Senate Banking Committee that the Federal Deposit Insurance Corp. … Continue reading

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Blaming Everyone But The Borrowers

From Newsbusters: How does a former reporter for The Washington Post score a 2,200-word column on the mortgage mess in her former publication? Never mention personal responsibility. Kathleen Day took blame to a new level June 1 when she failed … Continue reading

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