Tag Archives: crisis

Another Great Depression?

by widgette.com Could the current economic crisis lead to another great depression? The Minneapolis Federal Reserve Bank has released a study that suggests the government needs to be careful in order to avoid such a problem. Massive public intervention to maintain employment and investment, if they distort incentives enough, can lead to a great depression. [...]
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ACORN Saves Homes While Feds Flounder

Oakland “Miracle” Shows Better Path Than “Hope For Homeowners’” Utter Failure OAKLAND, Calif. – At 6:00 in the morning on Wednesday, February 4, more than 30 members of ACORN gathered at the home of Eddie and Martha Daniels in West Oakland, armed with prayers, cell phones, and the hope that Wednesday would not be a [...]
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Federal Reserve’s Position on the Housing Crisis

by AllRealEstate.com The Federal Reserve continues to offer plans for owners of distressed real estate. “The goal of the policy is to avoid preventable foreclosures on residential mortgage assets that are held, owned or controlled by a Federal Reserve Bank,” Fed Chairman Ben Bernanke wrote in a letter Tuesday to Rep. Barney Frank, D-Mass., chairman [...]
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Insight: US may face a ‘lost decade’

Financial Times By Stephen Roach Published: January 13 2009 17:08 | Last updated: January 13 2009 17:08 No one in their right mind thinks the United States could fall victim to a Japanese-like lost decade. After all, the argument goes, US policymakers have the advantage of knowing what their counterparts in Japan did wrong. If [...]
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