Romney’s Other Credibility Problem: Glenn Hubbard
But the really important thing about Hubbard isn't his personality; it's that as an economist and an advisor, he is a total, unmitigated disaster.
Banking Is a Criminal Industry Because Its Crimes Go Unpunished-
Over the past two decades, the financial services industry has become a pervasively unethical and highly criminal industry, with massive fraud tolerated or even encouraged by senior management.
How Financial Criminalization Crashed the Economy, and the Culprits Got Off Scot-Free
And just as the last twenty years of unpunished financial crime constituted a green light for the bubble, so, too, America's non-response to the bubble and crisis is setting the tone for financial conduct in the future.
The Sellout of the Ivory Tower, and the Crash of 2008 (Excerpt)
Over the last thirty years, in parallel with deregulation and the rising power of money in American politics, significant portions of American academia have deteriorated into "pay to play" activities.
Toxic: Wall Street’s Culture and Governance During the Bubble (Excerpt)
One fascinating question about the financial crisis is how and why the CEOs of major banks could have tolerated behavior that destroyed their own companies.
A Financial Crisis Inquiry Commission hearing on Capitol Hill.
(Mark Wilson/Getty Images)
Let Them Eat Task Forces
In that situation, and over the intervening three years, what did President Obama do? Well, we got a stimulus package, and then a year later a watered-down, absurdly complicated new law that addressed everything except the most important issues. And that's about it.
FILE - In this July 21, 2010, file photo President Barack Obama greets Paul Volcker, Chair of the President's Economic Recovery Advisory Board, after Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection financial reform bill at the Ronald Reagan Building in Washington. Volcker, the former Federal Reserve chairman died on Sunday, Dec. 8, 2019, according to his office, He was 92. (AP Photo/Charles Dharapak, File) ORG XMIT: NYBZ167
The Financial Crisis and America’s Political Duopoly
What unites the midterm election results, the Federal Reserve's decision to spend another $600 billion to keep interest rates down, the failure to address the foreclosure crisis, and America's worsening relations with its G-20 partners? And, more generally, what explains the Obama Administration's toothless response to the financial crisis, in particular its reversion to status quo regulatory and economic policies, over the past two years?
Summers Down, Fifty Odd More to Go
In the worst financial bubble in history, nobody committed a crime. It was possible to conceal liabilities, inflate assets, bet against the securities that you sold as totally secure, without committing a single fraud. Isn't that amazing?