Comments on: Treasury Now (1987) Favors Creation of Huge Banks

By: CuriousCat: Failure to Regulate Financial Markets Leads to Predictable Consequences

Sun, 26 Apr 2009 21:33:32 +0000

the most significant systemic problem was failure to regulate even close to sensibly…

By: CuriousCat: Skeptics Think Big Banks Should Not be Bailed Out

CuriousCat: Skeptics Think Big Banks Should Not be Bailed Out — Thu, 23 Apr 2009 03:29:41 +0000

“Columbia University professor Joseph Stiglitz and MIT professor Simon Johnson warned the Joint Economic Committee of Congress that the current government policy of propping up troubled financial giants could impede an economic recovery…”

By: Congress Eases Bank Laws - 1999 at Curious Cat Economics Blog

Congress Eases Bank Laws - 1999 at Curious Cat Economics Blog — Thu, 26 Mar 2009 18:30:15 +0000

“The decision to repeal the Glass-Steagall Act of 1933 provoked dire warnings from a handful of dissenters that the deregulation of Wall Street would someday wreak havoc on the nation’s financial system…”

By: Volcker: Economic Decline Faster Now Than Any Time He Remembers at Curious Cat Economics Blog

Sun, 22 Feb 2009 02:55:31 +0000

Paul Volcker: “I don’t remember any time, maybe even in the Great Depression, when things went down quite so fast, quite so uniformly around the world”