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[AP]: Freddie Mac seeks $30.8B in US aid after 4Q lossFreddie Mac said Wednesday it will ask the government for nearly $31 billion in additional aid after posting a gargantuan loss of more than $50 billion last year as the U.S. housing market worsened. ... |
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[AP]: Chu to OPEC: Cutting production will harm economyEnergy Secretary Steven Chu said Wednesday that if OPEC cuts production and adds to oil price volatility, it could severely hamper any global economic recovery. ... |
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[Baseline Scenario]: Financial Crisis Macroeconomics for BeginnersIf you want to get caught up on the financial and economic crisis in a hurry (and get a quick refresher on first-year macroeconomics), Charles Jones has a drafted a new chapter on the crisis for his macroeconomics textbook. ... |
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[Paul Krugman]: Can America be saved?What's insane about Boehner's remark? He's talking about the current economic crisis as if it were a harvest failure -- as if we faced a shortage of goods, so that the more you consume the less is left for me. ... |
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[Washington Post]: A Financial Black HoleOur present position is unsustainable. The longer we delay fixing the banks, the faster the economy deleverages, the more credit dries up, the further the stock market falls, the higher the ultimate bank bailout price tag for the American taxpayer, and the more we risk falling into a financial bl... |
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[CJR]: Derivatives Echo ChamberThe business press largely parroted industry on a massive, prescient 1994 GAO study. ... |
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