At a few points recently I've heard people argue that housing policy is either not politically salient, or has little to do with the sor...

Viral Acharya and Matthew Richardson, professors at NYU, do a postmortem on the American financial industry: But wasn’t the risk transferre...

Americans don't like the idea of our tax dollars going to bailout a bunch of companies run by massively rich executives.  Chris Dodd...

(Sarah posted a great comment to my post earlier today . At the bottom of my post, I linked to Sebastian Mellaby's citation of several ...

Hate to make this place all-bailout, all-the-time, but that's the biggest issue of the day. If I'm a U.S. Congressman, and I'm b...

Alex's earlier post posed an interesting question: If the United States is not going to follow its own advice of not intervening in its...

Robert Rubin and Lawrence Summers were on Charlie Rose a couple of nights ago. The conversation was very good, although Rubin and Summers ar...

Fannie Mae and Freddie Mac, the quasi-private investment groups that own or guarantee roughly half of the U.S. mortgage market, have now eff...

Kenneth Rogoff: "As the United States’ epic financial crisis continues to unfold; one can only wish that US policymakers were half as ...

Legend has it that shortly after FDR's inauguration in 1932, Congress engaged in a long floor debate on one of the components of the fir...

As we head toward the New Year, I offer some fundamental skepticism. In a very cheery examination of the current financial situation, Ambro...

"What’s going on in the markets isn’t an irrational panic. It’s a wholly rational panic, because there’s a lot of bad debt out there, ...

Keynes argued that the Great Depression persisted in part because of a " liquidity trap " wherein banks are unwilling to lend reg...

While the US struggles to manage the sub-prime problem, Europeans are beginning to feel unwell. A story in The Daily Telegraph (UK) nice...

When does the dollar's depreciation become serious? When Chinese officials start talking in public about shifting its $1.43 trillion of ...