When Hindsight into the Great Financial Crisis is 20/20
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/Wow! The architects of the policy response to the Great Financial Crisis cannot stop themselves from showing how unfit they were for... Read More
Nobel Prize Isn’t Barrier to PhD Economist Derp
It has been a decade since the acute phase of the Great Financial Crisis. Yet it appears macroeconomics has learned nothing over... Read More
10th Anniversary of Goldman Sachs Being Saved After it was “Toast”
This day a decade ago was a big day for the Hank Paulson lead Committee to Save the Banks (Bernanke and Geithner... Read More
Why the Financial Crisis Narrative Matters
George Soros and Rob Johnson wrote an editorial that brilliantly illustrates why it was and still is important to have the right... Read More
Restructuring Debt Key to Quickly Ending Financial Crisis
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Regular readers know the global financial system is designed to support the Swedish Model for responding to a financial crisis. Under the... Read More
Getting the Financial Crisis Narrative Right
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By now, everyone has their favorite narrative to explain the financial crisis and the effectiveness of the policy response to it. It... Read More
Bernanke Discovers the Information Matrix
In his ongoing analysis of the earthquake that struck the global financial system’s opacity fault line in 2008, Ben Bernanke discovered the... Read More
Saving the Middle Class Rejected in Favor of Saving the Banks
In the preface to Transparency Games, I asked why did the US surrender to Wall Street on September 23, 2008. It has taken... Read More
Are We Prepared for the Next Financial Crisis?
As the flood of articles on the tenth anniversary of the collapse of Lehman Brothers continues, a common question has emerged: are... Read More
Control Over Financial Crisis Narrative Strictly Enforced
One of the defining features of the financial crisis since the 2008 acute phase began with Lehman Brothers’ collapse is how tightly... Read More
What Kind of Financial System Do We Want?
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As journalists and columnists continue to churn out articles on the tenth anniversary of Lehman Brothers’ collapse, it is worth pointing out... Read More
The Battle for Financial Stability
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You cannot win the battle for financial stability until you know what causes financial instability (aka financial crises). But not knowing hasn’t... Read More
Debunking the Committee to Save the Banks’ Narrative
Ten years ago the Committee to Save the Banks (Paulson, Bernanke and Geithner) began offering up a false, self-serving narrative to justify... Read More
Populism and Bank Bailouts
In September 2008, I observed saving the existing banks was completely unnecessary. Why? One of the important roles the banks play in... Read More
IMF Says Opacity at “Core” of Financial Crisis
As the tenth anniversary of the collapse of Lehman Brothers approaches, articles are poring forth offering up the author’s take on the... Read More