Political Economy

Marshall Auerback here. I have a few thoughts about AIG and what it means politically and for American banks. The episode may have already made it much harder to get any support in Congress for bailing out more banks in the future. The…

As I mentioned in my post, "TALF: A bailout if one reads the fine print" the TALF is not a program ONLY for U.S. institutions. It is a vehicle for re-starting the U.S. asset-backed securities credit markets. In fact, the first recipient…

The foreign policy challenges facing the new Obama Administration have mounted significantly in recent days. On the back of civil unrest and trade sanctions in Mexico, a destabilizing power struggle in Pakistan, the latest news to hit in…

The Speaker of the House of Representatives Nancy Pelosi examines the stimulus bill, healthcare reform, and human rights around the world with Charlie Rose.

Marshall Auerback here. Here is my take on Chinese Premier Wen's recent statements. At the end of the day, too many people seem to be working on an old gold standard type of model in the sense that there are implied limits in terms of…

Gillian Tett has written in the Financial Times that the Obama Administration is no talking to the Swedes directly about their solution to the credit crisis, suggesting a openness to potential banking crisis solutions. Next week, Bo…

Hear the U.S. Treasury Secretary describe his thinking about all of the issues facing the United States and its banking system during this financial crisis in this interview with Charlie Rose.

Most ordinary Americans feel a certain sense of rightoues indignation about the helping hand the U.S. banking industry is receiving from government. This sense of aggrievement is only made worse by suggestions that governemnt is not only…

The following is a post from the site Euro Intelligence, published just 5 days ago regarding the Swedish solution to the banking crisis. I am providing this version with the author's permission, who should be credited with much of the…

This is the name of a speech made by Kansas City Fed CEO Thomas Hoenig which is creating quite a stir. He makes the following points in his speech: