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    Forums ›› Main ›› Economics ›› Fantastic Barron's Interview With Columbia Prof On Financial Crisis  


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piezoe
 

Registered: Jan 2006
Posts: 4914

 

04-20-12 12:30 AM


Quote from Stok:

All this crap started in 1999 with Bill Clinton and Barney Frank telling Fannie and banks to ease lending requirements.




This issue has been studied ad nauseum. Do an internet search. The facts and the data show that programs to help less affluent buyers access mortgage money made only a negligible contribution to the crisis.

The origins of the crisis and its progression are very well understood by now.

The interview with the "professor" is rather ridiculous in that it contains one misleading statement after another. Remarks that are mainly correct as far as they go but misleading nevertheless. It is, however, a nice example of Barron's shoddy journalism standards. I quit reading Barron's a long time ago. They have become nothing but a Wall Street Shill.

From title of this guys chair at Columbia I would guess it is funded by the
Financial Industry.

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SteveNYC
 

Registered: Jul 2010
Posts: 787

 

04-20-12 02:53 AM


Quote from piezoe:

This issue has been studied ad nauseum. Do an internet search. The facts and the data show that programs to help less affluent buyers access mortgage money made only a negligible contribution to the crisis.

The origins of the crisis and its progression are very well understood by now.

The interview with the "professor" is rather ridiculous in that it contains one misleading statement after another. Remarks that are mainly correct as far as they go but misleading nevertheless. It is, however, a nice example of Barron's shoddy journalism standards. I quit reading Barron's a long time ago. They have become nothing but a Wall Street Shill.

From title of this guys chair at Columbia I would guess it is funded by the
Financial Industry.



yeah, I concur. It's a paper for mooks. Remember Amazon dot bomb cover? What a waste of time reading that crap. Biased bs.

I didn't bother wasting my time reading the "fantastic" interview b/c it's just an ax grinder.

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MarketMasher
 

Registered: Sep 2007
Posts: 1609

 

04-20-12 02:21 PM

Wallison and Calomoris were co-directors of American Enterprise Institute's Financial Deregulation Project.

That worked out really well.

They are just trying hard to scrub their tracks in enabling the 2nd Great Depression. That way they can keep giving BJ's to the banking industry for pay.

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piezoe
 

Registered: Jan 2006
Posts: 4914

 

04-20-12 05:18 PM

LOL! and speaking of Barron's, do you guys remember that giant headline to the effect of what a great buy GM is!? Just as GM was circling the drain of course. It did boost the stock for a few weeks, long enough for their buddies to dump it I suppose...

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futurecurrents
 

Registered: May 2002
Posts: 3340

 

04-22-12 12:52 AM


Quote from MarketMasher:

Wallison and Calomoris were co-directors of American Enterprise Institute's Financial Deregulation Project.

That worked out really well.

They are just trying hard to scrub their tracks in enabling the 2nd Great Depression. That way they can keep giving BJ's to the banking industry for pay.



That's an interesting and relevant fact I would say.

It's funny how these corporate interests always just happen to find "experts" that will say up is down if it is favorable to their bottom line.

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DeeDeeTwo
 

Registered: Dec 2007
Posts: 623

 

04-25-12 02:55 AM

Still reading Barron's?

While watching 80s Wall Street Week on VCR?

Those monologues were the Real Holy Grail.

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