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... former Federal Reserve Chair Alan Greenspan, former Treasury Secretary Robert Rubin and his deputy LawrenceSummers. In fact, Greenspan, the man some affectionately called "The Oracle," spent his political capital cheerleading these disastrous financial instruments. On Thursday, the New York Times ran a masterful and revealing front page article exposing the culpability of Greenspan,...
... Monday morning, including Nobel Prize winner Joseph Stiglitz and former Treasury Secretary LawrenceSummers, now a Harvard professor.Allen Sinai of Decision Economics said bluntly the U.S. economy is in recession and the world economy is in recession, but given the Democrats' efforts, things would be better next year.There has been no official declaration of a recession, but the body...
... the move. A similar move was gaining steam in the United States, where former Treasury Secs. LawrenceSummers and James Baker appeared on ABC News' "This Week" with George Stephanopoulos to voice their support for the government's buying equity in the banking sector. "This is bigger than the private sector can fix by itself. Government is going to have to restore financial stability...
Former Treasury Secs. James Baker and LawrenceSummers spoke out this morning on the need for the federal government to assume partial ownership of American banks. Former Treasury Secs. Summers and Baker weigh in on the market meltdown."This is bigger than the private sector can fix by itself. Government is going to have to restore financial stability to our markets and to our...
... former Federal Reserve Chair Alan Greenspan, former Treasury Secretary Robert Rubin and his deputy LawrenceSummers. In fact, Greenspan, the man some affectionately called "The Oracle," spent his political capital cheerleading these disastrous financial instruments.
... - Newspaper Articles & Viewer Calls. ABC's This Week : Former Treasury Secretaries James Baker and LawrenceSummers. Then, Rep. Roy Blunt (R-MO) and Rep. Barney Frank (D-MA). Topics : The economic crises and the political fallout. Roundtable : Dan Balz of the Washington Post, Cokie Robert s, and George Will . contact George CBS' Face The Nation : Sen. Lindsey Graham (R-SC), Gov. Bill...
... to be used to keep the flow of capital going to the housing market,” former Treasury Secretary LawrenceSummers said in an interview on Bloomberg Television’s “Conversations with Judy Woodruff.” “They’re important to maintaining the flow of government finance” and need to be used actively, he said.Adding underperforming assets to Fannie and Freddie’s combined $1.52 trillion mortgage...
... Associate, NBER delong@econ.berkeley.edu October 8, 2008 We—all of us from Nouriel Roubini to LawrenceSummers to John Taylor to Tim Geithner (except perhaps Ben Bernanke, who really did seem to believe in a long-run global savings glut)—were expecting a very different financial crisis. We were expecting the Balance of Financial Terror between Asia and America to collapse and produce...
... American people from the railroad tracks of runaway capitalism. Former Clinton Treasury Secretary LawrenceSummers, now a surrogate for Barack Obama, recently said on NPR: "It's very tempting to always think that the government should just stand back and let the private sector sort these problems out. That's the kind of thinking that made the Depression 'Great.'" Summers should...
Why is Australia so opposed to debt'By - posted Tuesday, 7 October 2008Pages:‹Page 1In the United States of America, LawrenceSummers tells us that “the case for a fiscal stimulus is stronger than at any time in my professional lifetime”. And most people - other than a few crazy republicans - agree with him. Paul Krugman and Greg Mankiw both add their voice: counter-cyclical measures...
... at the occasion chaired by Mr. Oba Otudeko, president, Nigeria Stock Exchange (NSE), included Mr. LawrenceSummers, former US Treasury Secretary; Mr. Steve Forbes, chairman/CEO of Forbes Magazine; Mr. Remi Babaola, Minister of State for Finance; Minister of State Energy (Gas), Emmanuel Odusina; president of the Independent Shareholders Association, Sonny Nwosu; Amab-assador Isaac...
