Posts filed under “Bailouts”
Professor Stiglitz’ explanation of the
"financial alchemy" responsible for the collapse of Lehman Brothers: "The Fall of Lehman Brothers"
Professor Stiglitz then addressed the question of whether Lehman’s executives should have to answer for their decisions: "Should We Hold Lehman’s Executives Accountable?"
Stiglitz also looked beyond the headlines, drawing attention to the less visible factors influencing America’s economy: "How Foreign Governments are Buying America"
How to prevent the next Wall Street crisis
Joseph E. Stiglitz
9:19 a.m. EDT, Wed September 17, 2008
Bloomberg: Excerpt: The U.S. Treasury is considering taking over American International Group Inc. under a conservatorship as one option to address the insurer’s crisis, according to two people briefed on the discussions. Executives from AIG, bankers and Treasury and Federal Reserve officials are meeting today on the company’s situation at the New York Fed. A…Read More
It has long been my perspective that following the great crash of 2000, we would be stuck in a secular bear market, with cyclical rallies and sell offs. The lows set in October 2002/March 2003, up until the October 2007 highs, was an example of a cyclical rally. The selloff from October 2007 has been…Read More