Relevant:
- The Financial Crisis Cost More Than $14 Trillion: Dallas Fed Study
- Why Not To Expect A Recovery Any Time Soon
- Fannie and Freddie’s Bust and Deeply Flawed Government Bailout
- TEXAS STRAIGHT TALK: Don't blame the market for housing bubble - credit is cheap
- 2016: The End Of The Global Debt Super Cycle
2013-09-17 — aei-ideas.org
``Now the Dallas mentions a variety of causal factors for the financial crisis and Great Recession: "bad bank loans, improper credit ratings, lax regulatory policies and misguided government incentives that encouraged reckless borrowing and lending. ... Easy credit standards and abundant financing fueled a boom-period expansion that was followed by an epic bust with enormous negative economic spillover."
Plenty of blame to go around, right? But the Dallas Fed makes no mention of the Federal Reserve's behavior in 2008, a passive tightening that may well have turned a modest downturn into a near-depression. As I wrote last month:''
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.