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Risky investment particularly in mortgage-backed securities, which government regulations treated as low-risk investments, incorrectly as it turned out.
Beltway Confidential

Illuminating observations on the financial crisis

Michael Barone -
0
Hundreds of economists endorse Janet Yellen for Federal Reserve chairman
Economy

Hundreds of economists endorse Janet Yellen for Federal Reserve chairman

Joseph Lawler -
0
BEIJING - SEPTEMBER 06: U.S. National Economic Council Chairman Larry Summers meet with Chinese Communist Party's Central Organization Department Minister Li Yuanchao at the Great Hall of the People on September 6, 2010 in Beijing, China. Summers plans to visit China from September 5 to 8. (Photo by Feng Li/Getty Images)
Economy

GOP keeps its powder dry on Larry Summers’ likely nomination for Federal Reserve chairman

Joseph Lawler -
0
Bernanke to hold town hall meeting with teachers
Economy

Bernanke to hold town hall meeting with teachers

Martin Crutsinger -
0
Although Obama is expected to delay a decision regarding Ben Bernanke’s successor at the Fed until after the situation in Syria is resolved or at least a course of action is determined, widespread belief that his former adviser Larry Summers is the frontrunner for the post continues to raise the political stakes of what is normally a routine nomination process. (AP/Feng Li)
Economy

The week ahead in economics: Big economic news overshadowed by Syria

Joseph Lawler -
0
Job Growth Tapers Despite Summers’ Growth
Economy

Job Growth Tapers Despite Summers’ Growth

Irwin M. Stelzer -
0
Former Merrill Lynch CEO: Too-big-to-fail is still a problem
Economy

Former Merrill Lynch CEO: Too-big-to-fail is still a problem

Joseph Lawler -
0
In this Sept. 3, 2013, photo, traders work on the floor at the New York Stock Exchange in New York. Stock markets were tentative Friday, Sept. 6, 2012, ahead of the latest U.S. jobs report, the most important monthly indicator for the world's largest economy. (AP Photo/Seth Wenig)
Economy

Aug. US jobs data could drive Fed bond-buying move

Christopher Rugaber -
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Minneapolis Fed president: Fed ‘should be providing more stimulus’
Economy

Minneapolis Fed president: Fed ‘should be providing more stimulus’

Joseph Lawler -
0
Economist Robert Gordon suggests that the Federal Reserve may not be able to lower unemployment without raising inflation.
Economy

Economist Robert Gordon: US economy may have become more like Europe

Joseph Lawler -
0
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