Bankers Don’t Need Politicians Meddling in Loans: John M. Berry Members of Congress are complaining
that Federal Reserve and Treasury officials aren’t forcing banks
getting money under the Troubled Asset Relief Program to increase
lending.
Recession Forecast Blown Up by Subprime Meltdown: John M. Berry A year ago, I didn’t expect the U.S.
economy to fall into a recession in 2008 because I was confident
consumers would continue to do what they do so well: spend
money. I had plenty of company, and ultimately we were all
wrong.
Fed’s Words May Speak Louder Than Actions Now: John M. Berry This time the Federal Reserve’s
words may say more than its actions.
Fed Takes a $3 Trillion Gamble to Spur Lending: John M. Berry Federal Reserve officials are
throwing everything they have into the fight to stabilize
financial markets and restore economic growth. In the process,
the Fed balance sheet is ballooning to $3 trillion, if not more.
Summers, Geithner Have Baggage, Not Fatal Flaws: John M. Berry Lawrence Summers is a brilliant,
sometimes arrogant economist who can be hard to work with.
Timothy Geithner, whose sharp mind has been honed by five years
of dealing with the heads of the world’s largest financial
institutions, got his job as president of the New York Federal
Reserve Bank partly because he is easy to work with.
Monster in Closet Is Recession, Not Deflation: John M. Berry Given all the real problems facing
the U.S. economy, dragging out the remote danger of deflation is
foolish. It's just short of fear-mongering.
Paulson's TARP Is Feeble Without Stimulus Plan: John M. Berry Treasury Secretary Henry M. Paulson
Jr. is up to his ears trying to make the Troubled Asset Relief
Program work. That's what he should be doing. He also ought to
be pushing a really big economic stimulus plan.
AIG Rescue Avoids Repeat of the Lehman Debacle: John M. Berry Maybe the Federal Reserve and the
Treasury Department learned a lesson from letting Lehman
Brothers Holdings Inc. collapse.
Fed Makes Breathtaking Changes, Cuts Rates Too: John M. Berry Since the Lehman Brothers Holdings
Inc. bankruptcy in mid-September froze world credit markets, the
Federal Reserve has made almost $900 billion available to
encourage a thaw.
Foreclosures Help Housing Market Find a Bottom: John M. Berry Home sales are booming once again in
Prince William County, Virginia, an area hit hard by the housing
bust. Foreclosures are responsible.