Commentary & Opinion

September 11, 2009 Accountants Misled Us Into Crisis

Source:Floyd Norris - NYT

The accountants let us down. That is one of the clear lessons of the financial crisis that drove the world into a deep recession. We now know the major banks were hiding dubious assets off their balance sheets and stretching...

November 24, 2008 Obama's Economic Tasks

Source:Forbes

Five things his new team can do to restore market confidence. President-elect Barack Obama is scheduled to announce the core members of his economic policy team at a press conference in Chicago Monday.

November 24, 2008 What's ahead for GM?

Source:CNN Money

Nobody from Detroit got a particularly warm welcome in Washington last week, but the reception was coolest for General Motors, the largest and most vulnerable automaker.

November 22, 2008 Bad governance helped drive auto crisis

Source:Topeka Capital Journal

The picture of the chief executives of the Big Three automakers at the witness table last week before a congressional committee brought back memories of a similar scene 35 years ago, and some recollection of what has transpired —...

November 22, 2008 Road Ahead Is Long for G.M.

Source:Joe Nocera, NY Times

Is it really possible that General Motors has not yet begun drawing up contingency plans for a bankruptcy filing — as the chief executive, Rick Wagoner, told Congress this week?

November 22, 2008 And You Thought 1931 Was Bad for the Market

Source:Floyd Norris, New York Times

THIS is shaping up as the year when almost nothing went up. Even after Friday’s large stock market rally, only 10 of the stocks in the Standard & Poor’s 500, the premier American stock index, are higher than they were at the...

November 21, 2008 Fear overtakes the markets

Source:Boston Globe

The fear in capital markets is different from the near panic experienced in September and October, before governments around the world began organizing plans to deal with a global credit freeze. The cause is different this time,...

November 19, 2008 What Securitization Problem? The F.D.I.C. Weighs In

Source:Joe Nocera, New York Times

I got a call on Monday from Sheila Bair, the chairman of the Federal Deposit Insurance Corporation, and Michael H. Krimminger, the F.D.I.C.’s special adviser to the chairman for policy. They had a point they wanted to make....

November 19, 2008 “Fighting the Financial Crisis, One Challenge at a Time”

Source:U.S. Treasury Secretary Henry Paulson

New York Times, 11-18-08 - We are going through a financial crisis more severe and unpredictable than any in our lifetimes. We have seen the failures, or the equivalent of failures, of Bear Stearns, IndyMac, Lehman Brothers,...[more]

November 18, 2008 For Wall Street, Less Is More

Source:The Wall Street Journal

Bring out the hair shirts? The decision by top executives at Goldman Sachs to join peers at Deutsche Bank and UBS in forgoing bonuses for the year is a sensible act of contrition. But it is hardly radical. Against the backdrop of...

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