Yaron Brook appears on CBS 2 Chicago's Monsters & Money in the Morning to explain why capitalism is not to blame for the ongoing financial crisis.
Source:
http://cbs2chicago.com/video/?id=71894@wbbm.dayport.com
There are basically 2 dimensions to the financial crisis.
One is the way finance has evolved into a gambling operation that's fundamentally risky and fails to contribute to the real economy. The other is plain, o-f greed...
The SEC and the courts will resolve the legal question of whether Goldman's actions broke the law.
The question for us is one of ethics and policy: Were Goldman's actions in 2007 appropriate, and if not, should we act to bar similar actions in the future?
Source:
http://www.huffingtonpost.com/sen-carl-levin/wall-street-and-the-finan_b_553339.html
The 18th-century philosopher Adam Smith wasnt the free-market fundamentalist he is thought to have been.
Its time we realised the relevance of his ideas to todays financial crisis.
Source:
http://www.newstatesman.com/ideas/2010/04/smith-market-essay-sentiments
It looks as if fraud played a significant role in the financial crisis, and reform of the kind now being contemplated could have prevented some of it.
Source:
http://www.nytimes.com/2010/04/19/opinion/19krugman.html
The US must fix its growing debt problems or risk a new financial crisis, Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, warned on Tuesday, adding a mounting deficit could spur inflation.
Without pre-emptive action, the US risks its next crisis,� Mr Hoenig said in a speech at the Pew-Peterson Commission on Budget Reform.
Source:
http://www.ft.com/cms/s/0/c918b8dc-1b37-11df-953f-00144feab49a.html
Jan. 22 (Bloomberg) -- U.S. investors overwhelmingly see
President Barack Obama as anti-business and question his ability
to manage a financial crisis, according to a Bloomberg survey.
Source:
http://news.yahoo.com/s/bloomberg/20100121/pl_bloomberg/a8uii1bcrdmy
The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insurers payments to banks during the depths of the financial crisis, e-mails between the company and its regulator show. ...
Source:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aXIvW4igKV38&pos=1
The Financial Blogger | The Root Of Our Financial Crisis: Education!
Check it out here:
http://www.thefinancialblogger.com/the-root-of-our-financial-crisis-education/
