Tagged: Alan Greenspan

Financial crisis hearings resume

As the bipartisan Congressional commission looking into the financial meltdown resumes hearings, law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Governors, stops to take a look at where we’ve come and where we might be going. “While ‘Alice in Wonderland’ tops the […]

Greenspan notes Fed’s flaws

Ex-Federal Reserve Chairman Alan Greenspan has acknowledged the Fed’s failure to grasp the magnitude of the housing bubble, but offered some policy prescriptions to avoid another crash.  Economics Professor Laurence Kotlikoff, whose new book “Jimmy Stewart is Dead” is about bankings’s future, applauds Greenspan for saying banks should have to hold bonds that automatically covert to equity […]