Posts filed under “Bailout Nation”
Last night, I was on Bloomberg On the Economy with Tom Keene. The podcast is at their site, and the iTunes podcast should be up later tonite.
Tom is a great interviewer who asks terrific questions, and makes it easy. They give me plenty of room to answer a wide variety of questions.
The rush to repay TARP monies gives us another opportunity to consider why the hell this absurd financial giveaway ever happened in the first place. A close inspection suggests some dishonesty on the part of the prior Treasury Secretary. From its inception, the TARP never made much sense. Forcing banks that did not need money…Read More
Tonite, I will be on Bloomberg On the Economy with Tom Keene for the full hour. (I just taped it). It will be on Bloomberg Radio from 6pm to 7pm. It will also show up as a podcast at iTunes Music Store. Tom is a great interviewer who asks terrific questions, and makes it easy….Read More
The 10 books to help you understand the crisis
05 Jun 2009
Not surprisingly, the number of books about the causes and consequences of the financial crisis has proliferated in recent months. To help our readers keep up, Financial News has compiled the following list of 10 finance books released this year along with brief synopses and links to reviews and excerpts.
> The Big Money presents Every Day I Read the Book, featuring Daniel Gross. Dan’s guest is Barry Ritholtz, author of the book Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy. Listen using our audio player below, or download the MP3 or listen on iTunes. click for audio…Read More
As I was working on Bailout Nation, I struggled to find a way to communicate the myriad forces that combined to cause the collapse. The book details the many elements involved, but I wanted a visual way to depict what I took 20 chapters to explain. I had long been a fan of Wall Stats…Read More
Is via the Fed, and its on Bank Profits: ~~~ Source: Profits and Balance Sheet Developments at U.S. Commercial Banks in 2008 Morten L. Bech and Tara Rice, Federal Reserve, June 2, 2009 http://www.federalreserve.gov/pubs/bulletin/2009/pdf/bankprofits09.pdf
Yesterday, I lamented that “So far, the Obama administration approach to bailouts has been to keep running Bush Economic Term III.” The reference was to the continuation of the Bush policies, by many of the same people involved in that prior, ruinous bailout approach. Soon, we shall find out if Team Obama’s “Change we can…Read More
Paul Krugman has a fascinating OpEd today, essentially tracing the current economic crisis all the way back to Ronald Reagan. In Bailout Nation, I place a small measure of blame on Reagan for a) appointing Greenspan; and 2) being the intellectual father of the radical deregulation movement. Krugman goes much further than I. Beyond the…Read More