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2008 Financial Crisis – Causes and historical context

Tom Spencer

Many an economics and finance course later, I see that the layers of complexities to the 2008 financial crisis are innumerable. Mortgage originators often lent the entire purchase price of a house without asking for documentation to verify the borrower’s income, assets, and employment status. It all seemed so clear.

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Hilarious Transcripts of Fed Minutes from 2008 Reveal Completely Clueless Fed

MishTalk

Here is a list of FOMC Transcripts and Other Historical Materials, 2008 Notes I purposely cherry picked statements of various Fed governors. Amazingly, Bernanke spoke of pent-up demand for housing in January of 2008 The January 29-30 transcript was a whopping 194 pages long. I slogged through most of it. I didn’t quite get that.

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Research: How the Financial Crisis Drastically Increased Wealth Inequality in the U.S.

Harvard Business

Researchers have made major inroads into documenting trends in either income or wealth inequality in the United States, but we still know little about how the two evolve together — an important question to understand the causes of wealth inequality. We live in unequal times. distribution of wealth. Then the financial crisis happened.

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Hypocrites and Bullies Speak on "The Importance of Trust"

MishTalk

Minyanville Business and Market News. Get Involved The State of the Unions Finances: A Citizens Guide. China Financial Markets. Market Oracle. Market Ticker. Real Clear Markets. Mike Rogers, told he “absolutely” thinks that one of the countries will give Snowden travel documents.

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J.P. Morgan Reaches $13 Billion Deal with Justice Department; Is This a Fair Deal?

MishTalk

The deal includes $4 billion to settle claims by the Federal Housing Finance Agency that J.P. The task force issued a series of subpoenas to various financial companies, seeking internal documents. Those documents held a number of promising leads, one of which was assigned to federal prosecutors in Sacramento.

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Mish's Global Economic Trend Analysis: Unions and Fundamental.

MishTalk

Minyanville Business and Market News. Get Involved The State of the Unions Finances: A Citizens Guide. China Financial Markets. Market Oracle. Market Ticker. Real Clear Markets. As documented in previous. December 2008 (85). November 2008 (78). October 2008 (108). July 2008 (104).

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IMF Chief Under Investigation in French Fraud Case; Meet David Lipton (an Obama Clone), Lagarde's Possible Replacement

MishTalk

IMF chief Christine Lagarde has been put under formal investigation by French magistrates for alleged negligence in a political fraud affair dating from 2008 when she was finance minister. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

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