NewsTrust - Finance - Most Recent Stories: Opinion (Mainstream)

Op-Ed Columnist: The Phantom Menace

Mon, 23 Nov 2009 00:00:00 -0800

New York Times - By Paul Krugman - Nov. 23 (Opinion) - The scare stories from Wall Street seem to be intimidating Washington from doing more to rescue the economy.

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The Phantom Menace

Mon, 23 Nov 2009 00:00:00 -0800

New York Times - By Paul Krugman - Nov. 23 (Opinion) - The scare stories from Wall Street seem to be intimidating Washington from doing more to rescue the economy.

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An American Catastrophe

Fri, 20 Nov 2009 00:00:00 -0800

New York Times - By Bob Herbert - Nov. 20 (Opinion) - Detroit and its environs are suffering the agonies of the economic damned because of policies, crafted at the highest national and corporate levels, that resulted in the implosion of crucially important components of America’s manufacturing base. Those decisions have had a profound effect on the fortunes not just of Detroit, or even Michigan, but the entire U.S. economy.

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Geithner Says Insurance Policies, Not AIG Derivatives Contracts, Were Systemic Risk

Fri, 20 Nov 2009 00:00:00 -0800

Wall Street Journal - Nov. 20 (Opinion) - Geithner says credit-default swaps weren't the problem, after all.

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Our Free Market Makes Economic Collapse Inevitable

Mon, 02 Nov 2009 00:00:00 -0800

Bill Moyers Journal - By Bill Moyers, James Galbraith - Nov. 02 (Interview) - The headlines are trumpeting recovery — some are even proclaiming an end to the recession in the United States (unofficially, that is). The US economy grew in the third quarter for the first time in a year. But there are some caveats — although jobless claims dipped slightly, many analysts still warn of a "jobless recovery." for a number of years to come. And then there's the small print — will this recovery be permanent or is it a function of the stimulus masking bigger problems? The Wall Street Journal warned: "The recovery thus far has been heavily supported by federal money, casting a question mark over the economy's underlying strength as government support dwindles." That unease is echoed by JOURNAL guest James K. Galbraith

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Learning to Love Insider Trading

Sun, 25 Oct 2009 00:00:00 -0700

Wall Street Journal - Oct. 25 (Opinion) - Here's a hot tip: Want to keep companies honest, make the markets work more efficiently and encourage investors to diversify? Let insiders buy and sell, argues Donald J. Boudreaux.

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Time to bust up the world's banking giants

Sat, 24 Oct 2009 00:00:00 -0700

National Post - By Diane Francis - Oct. 24 (Editorial) - The world desperately needs Glass Steagall on steroids. Banking must be atomized -- a la America's 1933 Glass Steagall lelgislation -- in order to separate high-risk investment banking from taxpayer-insured deposits. Read more: http://www.nationalpost.com/opinion/columnists/story.html?id=02859c06-69a3-45f1-a321-dff7755d2de8#ixzz0UuegnxNd The New Financial Post Stock Market Challenge starts in October. You could WIN your share of $60,000 in prizing. Register NOW

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Goldman Can Spare You a Dime

Sun, 18 Oct 2009 00:00:00 -0700

New York Times - By Frank Rich - Oct. 18 (Opinion) - The less we know about Goldman Sachs, the easier it is for reckless gambling to return to capitalism’s casino.

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Misguided Monetary Mentalities

Mon, 12 Oct 2009 00:00:00 -0700

New York Times - By Paul Krugman - Oct. 12 (Opinion) - One lesson from the Great Depression is that you should never underestimate the destructive power of bad ideas. And some of the bad ideas that helped cause the Depression have, alas, proved all too durable: in modified form, they continue to influence economic debate today.

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Preventing Medicare and Social Security from going broke

Sat, 10 Oct 2009 00:00:00 -0700

Los Angeles Times - By Dean Baker, Maya MacGuineas - Oct. 10 (Opinion) - Preventing Medicare and Social Security from going broke

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For ACORN, Truth Lost Amid the Din

Wed, 23 Sep 2009 00:00:00 -0700

Washington Post - By Harold Meyerson - Sep. 23 (Opinion) - Actual instances of voter fraud were all but nonexistent. Why you might not know that.

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Editorial: If you thought ACORN was bad ...

Wed, 23 Sep 2009 00:00:00 -0700

Dallas Morning News - Sep. 23 (Editorial) - We've all heard plenty about a private U.S. government contractor whose employees were caught behaving unspeakably and which now faces the swift and brutal withdrawal of taxpayer dollars by a Congress demanding accountability. That was ACORN, of

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Chinese Exceptionalism

Tue, 22 Sep 2009 00:00:00 -0700

New York Times - By Philip Bowring - Sep. 22 (Opinion) - Many countries, with China the most vociferous, wish for a more balanced world in which other currencies play significant roles in trade finance, capital flows and exchange reserves. But while the cries against U.S. privileges ring out loud and clear, scant notice is taken of the exceptionalism successfully pursued by China.

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Alternatives Are Simply too expensive

Tue, 22 Sep 2009 00:00:00 -0700

Wall Street Journal - By Stephen F. Hayward - Sep. 22 (Opinion) - The U.S. and Western Europe can point to a remarkable achievement over the past 40 years: significant reductions in air pollution with only a modest effect on our economic growth and prosperity. So, why can't we expect to do the same with greenhouse-gas emissions?

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A lopsided world tilts upward, slowly

Sat, 19 Sep 2009 00:00:00 -0700

Financial Times - Sep. 19 (Editorial) - The world economy is shifting gears. It has gone from reverse to neutral – even the US is probably out of recession, says Ben Bernanke, Federal Reserve chairman. The task facing leaders at the Group of 20 nations’ summit in Pittsburgh next week will be to pick up speed – but safely.

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For all Obama's talk of overhaul, the US has failed to wind in Wall Street

Tue, 15 Sep 2009 00:00:00 -0700

The Guardian - By Joesph Stiglitz - Sep. 15 (Opinion) - What went wrong? Have the right lessons been learned? Could it happen again? The anniversary of the Lehman Brothers' bankruptcy and the freezing of the credit markets that followed is an occasion for reflection.

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A year after Lehman Brothers collapsed: The promised bland

Tue, 15 Sep 2009 00:00:00 -0700

Economist - Sep. 15 (Editorial) - “THIS sucker could go down.” George Bush’s verdict during the worst of the financial crisis a year ago was crude but penetrating. Barack Obama, delivering a speech in New York on September 14th to mark the anniversary of Lehman Brothers’ failure, managed the opposite trick. He produced plenty of elegant phrases but little that was new, and quite a bit that was confusing.

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Lehman's Lesson

Tue, 15 Sep 2009 00:00:00 -0700

Forbes - By Roy C. Smith - Sep. 15 (Opinion) - Letting Lehman go was a mistake. The event triggered a three-month market panic the likes of which no one living can remember, shutting down the interbank credit market and the commercial paper market and causing an instant run on money-market funds, and on the debt and stock prices of other large banks and investment banks.

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A rebuilt Wall Street

Tue, 15 Sep 2009 00:00:00 -0700

Los Angeles Times - Sep. 15 (Editorial) - When Lehman Bros. collapsed in bankruptcy a year ago, many bailout-weary observers (including this page) welcomed the unhappy ending for one of Wall Street's most powerful firms. It was a good reminder for the financial industry that the government wouldn't mop up after every messy mistake -- especially in light of Washington's frantic efforts to help Bear Stearns, Merrill Lynch, Fannie Mae and Freddie Mac. As it turned out, however, the reaction to Lehman's default was well-nigh apocalyptic.

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The Recession’s Racial Divide

Sun, 13 Sep 2009 00:00:00 -0700

New York Times - By Barbara Ehrenreich, Dedrick Muhammad - Sep. 13 (Opinion) - In the last part of a series on the working poor, a look why the economic downturn feels more like a depression not a recession for many black families.

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The crash, 1 year later

Sun, 13 Sep 2009 00:00:00 -0700

San Francisco Chronicle - Sep. 13 (Editorial) - the financial industry has been remarkably successful in its battle against increased regulation, and the phenomenon of banks being "too big to fail" has gotten worse, not better. If another financial panic were to hit right now, this country would be no better situated to cope than it was in September 2008. Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/09/13/ED7O19FKM2.DTL#ixzz0QyunpeXh

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Time for Boeing to get back to the basics of experience and performance

Wed, 02 Sep 2009 00:00:00 -0700

Seattle Times - By Stan Sorscher - Sep. 02 (Opinion) - Boeing is considering a second 787 line in South Carolina, which would take the company further down a path that is not working. Guest columnist Stan Sorscher, SPEEA's legislative director, urges Boeing to get back to basics where performance and experience matter.

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How Did Economists Get It So Wrong?

Wed, 02 Sep 2009 00:00:00 -0700

New York Times - By Paul Krugman - Sep. 02 (Opinion) - The Great Recession was the result not only of lax regulation in Washington and reckless risk-taking on Wall Street but also of faulty theorizing in academia. Can economists learn from their mistakes?

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Banks 'Too Big to Fail' Have Grown Even Bigger

Thu, 27 Aug 2009 00:00:00 -0700

Washington Post - By David Cho - Aug. 27 (Opinion) - The crisis may be turning out very well for many of the behemoths that dominate U.S. finance. A series of federally arranged mergers safely landed troubled banks on the decks of more stable firms. And it allowed the survivors to emerge from the turmoil with strengthened market positions, giving them even greater control over consumer lending and more potential to profit.

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Op-Ed Contributor - Congress’s Health Care Numbers Don’t Add Up - NYTimes.com

Wed, 26 Aug 2009 00:00:00 -0700

New York Times - Aug. 26 (Opinion) - The Congressional Budget Office’s cautious methods of projecting costs may have unintended consequences in the current health care reform effort, because they have consistently underestimated savings, often projecting increased costs where significant savings were the actual result.

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