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Three New Books, Three New Looks Inside the Financial Black Box

David Wessel: Three books out in October offer those trying to understand the financial crisis that provoked the Great Recession useful perspectives on where we are and where we might be headed.

Bernanke: Wall Street execs should have gone to jail for crisis

Former Federal Reserve Chairman Ben Bernanke says some Wall Street executives should have gone to jail for their roles in the financial crisis that gripped the country in 2008 and triggered the Great Recession. Billions of dollars in fines have been levied against major banks and brokerage firms...

Every day in every way hotels getting better & better

Major U.S. hotels may have delayed a number of necessary capital improvement projects during and after the Great Recession, but they’re making up for it now with record spending on renovations, upgrades and other guest-related improvements. Show More Summary

And Scene: Ben Bernanke Says More People Should Have Gone To Jail For Causing The Great Recession

For those who may be unfamiliar - which would mean roughly 90% of the US population who believe the Federal Reserve is a national park - Ben Bernanke was Fed chairman from 2006 until 2014. He is better known as the Fed chairman who never launched a tightening cycle during his tenure. Show More Summary

Ben Bernanke: More Executives Should Have Been Jailed For Causing Great Recession

Ben Bernanke doesn’t think enough bankers and corporate executives went to jail for their parts in the great recession that began in 2008 and lasted more than half a decade. “I think there was a reasonably good chance that, barring stabilization...Show More Summary

Bernanke: Some Wall Street executives should've gone to jail over financial crisis

Former Federal Reserve Chairman Ben Bernanke says some Wall Street executives should have gone to jail for their roles in the financial crisis that gripped the country in 2008 and triggered the Great Recession. Billions of dollars in fines have been levied against major banks and brokerage firms...

BERNANKE: The DoJ should've locked up more people for causing the financial crisis

In the fall of 2008, the US economy spiraled into its worst recession since the Great Depression. Years of lax lending standards helped inflate a credit bubble that burst, bringing down banks, seizing financial markets, and preventing even the healthiest companies from getting desperately-needed liquidity. Show More Summary

Global Investors "Panic" Most Since 2012

If it feels like you’re reliving the market jitters of the Great Recession and eurozone crisis, it’s probably because you are. During this week, Marketwatch reports that global risk appetite dropped to "panic" levels for the first time since January 2012, according to Credit Suisse’s Global Risk Appetite Index. Show More Summary

There Are Not Enough Jobs, And Austerity Is To Blame

3 days agoNews : Huffington Post

The especially poor September jobs report reinforces what many economists have been saying for months: The six-year recovery from the Great Recession has been too weak to create enough jobs for America's growing population, let alone...Show More Summary

Dow suffers rare 3-quarter losing streak

The Dow Jones Industrial Average has suffered a third-straight quarterly decline for the first time since the Great Recession. This marks just the third time in nearly 40 years that a quarterly losing streak for the blue-chips benchmark stretched at least that long. Show More Summary

A hilarious cartoon captures what went wrong with Wall Street

What's the problem with having banks that are "too big to fail"? You could answer this question with a long and technical history of how governments and taxpayers bailed out financial institutions during the Great Recession to ensure that their frailties didn't wreck the economy for everyone else. And how the financial crisis led to financial […]

One Weird Chart That Explains the Great Recession

Agency debt is the debt issued by Fannie Mae, Freddie Mac & Co. It is the helium gas cylinder that inflated the Great Real Estate Bubble.

2016 Budget -Parliament Over for A Few Weeks and The Great Calm Descends.

October 1 EditionBudget Night was May 12, 2015. It now seems to have been forgotten and in the Press we seem to be hearing just a little more about recession and a new Government.The big question will be if we see some more confidence in the whole country with a new PM. Show More Summary

There are 9 million more people living in poverty now than before the Great Recession

It seems that the constant refrain of economists recently is that the US is on pace for slow and steady growth, rebounding from the recession. For the most part this seems true — unemployment is down, the housing market is improved,Show More Summary

Obamanomics: Food Stamp Growth Outpaces Jobs In Illinois During "Recovery"

Submitted by Michael Lucci via The Illinois Policy Institute, Illinois is the only state in the Midwest to have added more people to food-stamp rolls than to employment rolls during the recovery from the Great Recession. Job losses from...Show More Summary

Celebrate World Heart Day Like A Child At Recess

Wouldn't it be great if you could do something relatively easy to improve yourself, and your family? Now let's scale it up. What if that same action could help your neighborhood? Your city? Your state? Whoa, now it's starting to get intimidating... Show More Summary

China Cannot Let This Happen

Submitted by John Rubino via, After borrowing — and largely wasting — $15 trillion during the Great Recession, China now looks like a typical decadent developed-world country, complete with slow growth, anemic consumer spending and unstable financial markets. Show More Summary

ARM Loans Make a Comeback. Are They Right for You?

Getty Images By Brian O'Connell NEW YORK -- Adjustable rate mortgages, the bane of consumer advocates and the trap door for hundreds of thousands of homeowners who saw their mortgage payments rise in the heat of the Great Recession,Show More Summary

Whether you’re a novice saver or seasoned investor, here’s how to earn fall’s best possible returns on CDs

Sabrina Karl Ever since the Federal Reserve lowered interest rates in 2008 to lessen the blow of the Great Recession, it’s been hard to earn much on your savings. Although the Fed is teetering on the edge of finally raising rates, that first increase won’t come until late October or December and future hikes will be rolled [...]Show More Summary

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