Jan 7th 2010 1:10PM
Give the Federal Reserve some credit. Not only is it (for now) propping up a broken mortgage finance system with a trillion-dollar-plus commitment to buy mortgage-backed securities from Fannie Mae, Freddie Mac, and Ginnie Mae, the Fed is also combing through its regulations to fix glaring vulnerabilities, so the current... Continue Reading »
Jan 5th 2010 5:30PM
The recession is over, we're told by Bernanke, Geithner, and Summers, it's time for an exit strategy, to wind down the economic stimulus before it turns inflationary. Big banks are booming, TARP funds are coming home to roost, the market's up, the Fed has stopped buying mortgaged-backed securities, and the first-time home... Continue Reading »
Jan 5th 2010 11:30AM
Weak regulations for Wall Street, not low interest rates, caused the housing bubble, according to Federal Reserve Chairman Ben Bernanke. In a speech to the annual meeting of the American Economic Association on January 3, Bernanke delivered a highly technical defense of the Fed's handling of events leading up to the... Continue Reading »
Dec 16th 2009 4:40PM
Since AOL is no longer of the Time-Warner body, it's easy to say Time made a mistake when it announced this week that Federal Reserve chairman Ben Bernanke should be its Person of the Year. But if Bernanke was a mistake, who should be Person of the Year? I nominate Grandma -- your Grandma, my Grandma, every Grandma --... Continue Reading »
