Ken Houghton Subprime Edition (1); Ken Lewis (5); Ken Lewis Rescue (2); Ken Lewis's (1); Ken Ohmae (1); Ken Rogoff (2); Ken Rogoff's famous attack (1); Ken Silverstein (3); Washington gang brought Ken Lewis (1).
Sat 2010-07-24 16:14 EDT
Not since Ken Rogoff's famous attack on Joe Stiglitz has the dismal science of economics provoked such pompous, self-important, personalised squabbling. Professors Paul Krugman and Niall Ferguson, of course, have form; they've been at it on and off for nearly a year now over the efficacy of deficit spending in fighting the downturn, and today they return to the fray...
Harper's Magazine Thu 2009-11-19 10:20 EST
If you want to understand why Congress seems completely incapable of checking the power of Wall Street, look back to a hearing on the Hill last October 7, and the subsequent events surrounding it...he House Financial Services Committee hosted a panel on reform of the market for derivatives,...the committee, headed by Congressman Barney Frank (D-Wall Street), invited a panel of eight guests who were distinguished by their uniformly pro-industry positions...In response to complaints from Americans for Financial Reform, which represents hundreds of consumer groups and labor unions, the committee issued an invitation--the night before the hearing was held -- to Rob Johnson of the Roosevelt Institute. For the committee, the last minute inclusion of Johnson -- a former managing director at Bankers Trust Company and former economist at the Senate Banking Committee and Senate Budget Committee -- apparently constituted sufficient balance...About five days later Johnson submitted his full testimony to the committee, to be included on its website along with the statements of the other eight panelists...the committee's general counsel would not allow posting of the testimony because Johnson had not submitted it during the hearing. (Of course, since Johnson had been invited at the last minute it was impossible for him to fulfill this pointless requirement.)
Derivatives reform; Governmental Failure; Harper's Magazine; object lessons.
Bogarty Files Sun 2009-09-20 14:22 EDT
...Every time there is a gap between what appears to be reality, and what mainstream seems to believe, I get this uneasy feeling. Is it me, I wonder, am I missing something?...I ordered a few books on postmodernism...So now everything is starting to make sense. This is the Obama strategy -- the ``Geithner plan''. While I'm busy studying the balance sheets of the banks, unemployment data etc. they acted, creating a new reality, one without another great depression. Are the banks insolvent? What is insolvency? My definition or Ken Lewis's? There is no universal meaning for insolvent, there is no transcendental signified, just some archaic meaning handed down to us. We don't have to accept it, we can define it anyway we want, especially if another great depression hinges on its meaning...
Tue 2009-06-16 00:00 EDT
Shareholders Be Damned! by Alan Abelson; ``How the Washington gang brought Ken Lewis to heel and forced Bank of America to go through with its acquisition of loss-ridden Merrill Lynch. If everything's coming up roses, why are corporate insiders selling?''
Tue 2009-02-24 00:00 EST
Jesse's Café Américain: When Will the Wall Street Money Center Banks Be Nationalized? "Most of the big banks need to be put into some form of bankruptcy and recapitalized, and I think everybody understands that." Ken Rogoff
Jesse's Café Américain; nation; Wall Street money center banks.
Tue 2008-10-07 00:00 EDT
Six Questions for James Galbraith on the Financial Crisis and the Bailout--By Ken Silverstein (Harper's Magazine)
Bailout; Financial Crisis; Harper's Magazine; James Galbraith; Ken Silverstein; questions.
Tue 2008-07-01 00:00 EDT
BAC+CFC: Can Ken Lewis Rescue the Kobayashi Maru? BoA endangered by Countrywide takeover
BAC; CFC; Institutional Risk Analyst; Ken Lewis Rescue; Kobayashi Maru.
