| K-Mart has a new ad: Pick out your Christmas presents today, pay a little now and a little as you go along, then pick up your paid-for presents in time for holiday giving. If we needed evidence of... | |
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| A group of researchers at the Minneapolis Federal Reserve has a new study out that argues that Federal Reserve data indicates that that many of the stories that have animated the political discourse... | |
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| Thanks again to Christian Weller of the Center for American Progress and the University of Massachusetts, Boston for taking the time to guest blog here. Professor Weller is an economist and offered... | |
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| Just as public ire at the mortgage industry reaches a pinnacle, courts have offered the mortgage companies refuge from their mistreatment of consumers in some recent rulings. While these decisions... | |
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| With Wall Street in turmoil and the economy on a downward slope, policymakers' ingenuity to help financial markets and the economy is demanded. The response will have to be large, but also smart.... | |
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| Behaviorally informed financial institution regulation has potential, but it also poses several pitfalls. | |
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| The other day I listened to an ad, where a mortgage bank was arguing that, although mortgage interest rates have recently gone up, they are still relatively low at historical rates. Never mind the... | |
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| There are lots and lots of differences in the financial institutions situation of the Depression and today. And yet there are some remarkable parallels in the problems and government responses. We... | |
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| The Wall Street Journal is reporting that DIP financing--lending to companies reorganizing in chapter 11 bankruptcies--is hard to come by and the GE has gotten out of the business. This is actually a... | |
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| Turns out that the Treasury's loan investment in major financial institutions can't count as Tier I capital. That's a big whoops . I've had trouble identifying the specific problem, but as far as I... | |
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