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Project Syndicate is not some idiot's blog. Go to the source, and check the names of many well known economists including a nobel winner, Joseph E. Stiglitz, and Dr. Doom, Nouriel Roubini, who predicted the subprime loan disaster and its consequences.

Fanniegate: Gamechanger For The GOP? is a pretty good review of Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon by Gretchen Morgenson.

1 posted on 10/12/2011 5:02:25 PM PDT by neverdem
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To: neverdem

Reckless Endangerment is a good account of the sub prime fueled financial sector bust.


2 posted on 10/12/2011 5:06:27 PM PDT by y6162
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To: neverdem
someone tell me if I should invest my time in reading anything by a "Luigi Zinglosi" or whatever.

Also, Stiglitz has coathored an interesting G20 document on how they plan to completely remake world finance (apparently by cribbing from my favorite blog but that's OK everyone does it).

3 posted on 10/12/2011 6:05:24 PM PDT by the invisib1e hand (...then they came for the guitars, and we kicked their sorry faggot asses into the dust)
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To: neverdem
"The shadow banking sector’s dependence on the official banking sector’s liquidity and guarantees"

"the separation between proprietary trading and commercial banking (also known as the “Volker {sic} rule,” after former US Federal Reserve chairman Paul Volker) – has nothing to do with what caused the crisis"

Is the essayist contradicting himself? And why are they calling it the Volcker Rule. Why not call it the Glass-Steagall Act?

4 posted on 10/12/2011 6:06:58 PM PDT by who_would_fardels_bear
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