May 7th 2010 12:00PM
It was former Treasury secretary Henry "Hank" Paulson's turn in front of the Financial Crisis Inquiry Commission yesterdayn-- and, boy, does this guy sound like the voice of reason we've all been looking for. His testimony was compelling, on-point, and chock-full of tremendous insight. Some snippets: "Reforms are... Continue Reading »
Apr 14th 2010 7:00AM
Today Barney Frank's House Financial Services Committee will hear ideas from across the political spectrum about what the next-generation Fannie Mae and Freddie Mac should – and should not -- be able to do. Congress had better pay attention to ex-Fannie CEO Daniel Mudd, who with colleague Robert Levin went before... Continue Reading »
Apr 12th 2010 11:55AM
Who's to blame for the collapse of the U.S. housing market? That question is at the root of the hearings being held by the Financial Crisis inquiry Commission, a bipartisan commission of former political officials. Republicans want to blame Fannie and Freddie for their risky loan practices, or federal officials for their... Continue Reading »
Apr 8th 2010 8:30AM
Testifying yesterday before the Financial Crisis Inquiry Commission, former U.S. Federal Reserve chairman Alan Greenspan defended his 21-year tenure at the Central Bank, saying it wasn't he who inflated the housing bubble that caused the Great Recession. While mistakes were made, Greenspan admitted, he claimed to have... Continue Reading »
Apr 7th 2010 12:00PM
It's not my fault. That was the message Federal Reserve Chair Alan Greenspan brought to the Financial Crisis Inquiry Commission this morning. He didn't budge from that script even as commission chair Phil Angelides, former Treasurer of California, pushed back with evidence that Greenspan – under oath – wasn't... Continue Reading »
