Search Results for: financial crisis

3 result(s) displayed (1 - 3 of 3):

The New York Hard Times

I have many times pointed to the day Arthur "Pinch" Sulzberger, Jr. took over the reins of The New York Times as the beginning of the end for the then-"newspaper...

Posted on September 28, 2007 1:42 AM

"This is what happens when you lend money to poor people"

In the midst of the "subprime" mortgage "crisis," it pays to remember the biggest losers are the investors who put up their own money so poor people normally considered "un-creditworthy"...

Posted on September 7, 2007 12:09 PM

Bernanke Agonistes

The danger of doing nothing lies with the herd mentality of markets in stampede mode. Many sound financial institutions could be swept up in the crisis of confidence even though they maintain a strong portfolio with a low and acceptable level of "problem loans." That wouldn't be good for the economy in either the long or short run. I tend to agree with Kudlow that some action is called for. While Will also makes sound points, there is no benefit to watching the house burn down if pumping some water could save it.

Posted on August 16, 2007 11:57 AM

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