Category Archives: Crisis of 2007-2008

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2008 Fed meetings give blow by blow of crisis

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With the Federal Reserve’s release of the transcripts of key Fed meetings in 2008, anyone can read in detail how the financial crisis unfolded in that pivotal year. These transcripts, of the 14 meetings of the Federal Open Market Committee, should … Continue reading

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Why you should worry if the U.S. defaults

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This commentary first appeared in the Santa Rosa (Calif.) Press Democrat. As Congress once again threatens to default on U.S. debt, you are going to hear more predictions of doom. Should you be concerned? Yes. Let me explain this by … Continue reading

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Finally, a U.S. business reporter says it out loud

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“Wall Street’s One-Night Stands; Someone Could Get Hurt in Repo Market” by David Weidner, The Wall Street Journal MoneyBeat, Writing on the Wall, May 29, 2013: “The repo market wasn’t just a part of the meltdown. It was the meltdown.” … Continue reading

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Covering the Repo Market and Shadow Banking

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From the Donald W. Reynolds National Center for Business Journalism at Arizona State University: Mary Fricker, founder of RepoWatch.org, said the repurchase market is a key reason for the ferocity of the financial crisis. She shares her tips and resources … Continue reading

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The future looks a lot like the past

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“Regulation of shadow banking is starting to look more and more like regulation of traditional banking 100 to 150 years ago, when it took decades of runs on banks, bank failures and economic agony before  Congress in 1933 finally approved … Continue reading

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NY Fed chief lays it on the line, for bankers and for the rest of us

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It felt like “The Gunfight at the O.K. Corral.” First to appear was departing Treasury Secretary Timothy Geithner, who told Wall Street Journal economics editor David Wessel in a wide-ranging exit interview January 17 that the financial markets are much … Continue reading

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How journalists can learn from the 2008 financial crisis

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This post is a transcript of  an 11-minute talk RepoWatch editor Mary Fricker gave to college journalism professors, students and others at the 11th Annual Convergence and Society Conference, Advancing Business Journalism and Convergence, at the University of South Carolina School … Continue reading