Financial Crisis Panel Names Names

Staff / Truthdig Jan 28, 2011 Chairman Phil Angelides and the five other Democrats on the 10-person Financial Crisis Inquiry Commission have released their devastating report, which assigns blame for the economic meltdown. They pointed at Treasury Secretary Timothy Geithner (above), among others. Dig deeper ( 1 Min. Read )

Greenspan Defends the Fed to Meltdown Commission

Staff / Truthdig Apr 7, 2010 Former Fed chief Alan Greenspan faced the proverbial firing squad, or in this case the congressionally appointed Financial Crisis Inquiry Commission, to answer questions Wednesday about his leadership choices at the Fed with regard to some key factors that triggered the financial implosion in 2008. Dig deeper ( 2 Min. Read )

Robert Reich Edition

Staff / Truthdig Apr 6, 2010 What Noam Chomsky has to say about globalization, why older is wiser, and proof that at least two of the three bozos who most wrecked the economy still don't get it. Dig deeper ( 2 Min. Read )

Oh, the Naiveté, Mr. Krugman

Staff / Truthdig Dec 15, 2009 Here we have one of those columns that might have initially been missed (even by those of us who blog fastidiously about such things) that bears repeating, or re-posting, as the case may be: We submit, for your consideration, Paul Krugman's latest column. That is all. Dig deeper ( 1 Min. Read )

‘Left, Right & Center’: Econorama

Staff / Truthdig Jul 4, 2009 For the holiday weekend, the "Left, Right & Center" squad takes a good, hard look at the state of the economy: How did we get here? Who’s to blame? Can it be fixed? Argument, and even entertainment, ensues as Robert Scheer, Arianna Huffington, Matt Miller and Tony Blankley do their best to make sense of it all. Dig deeper ( 1 Min. Read )

‘Left, Right & Center’: Greenspan’s Glitch, Palin’s Duds

Staff / Truthdig Oct 26, 2008 So Alan Greenspan isn't clairvoyant, as it turns out. Whoops! Neither, apparently, are Sarah Palin's handlers, or else they might have done some bargain shopping instead of landing their leading lady in a heap of trouble over her pricey threads. Dig deeper ( 1 Min. Read )

Greenspan Admits Ideological Flaw

Staff / Truthdig Oct 23, 2008 The former Fed chair told angry lawmakers on Thursday that after 40 years of buying into free-market ideology he had "found a flaw." Rep. Henry Waxman told Greenspan "our whole economy is paying the price" because he ignored advice and resisted regulation. Dig deeper ( 1 Min. Read )

The Battle for Obama’s Economic Soul

Robert Scheer / Truthdig Oct 22, 2008 Instead of running with the "European socialist" crowd, as John McCain has claimed, Barack Obama has turned to the same American “free market” elite that views government as merely a corporate subsidiary. Even within that group, however, there are serious splits, and the more enlightened side seems to be winning. Dig deeper ( 3 Min. Read )

Former Fed Chief: U.S. Already in a Recession

Staff / Truthdig Oct 15, 2008 Former Federal Reserve Chairman Paul Volcker said Tuesday that the US was already in a recession, despite the efforts of the U government and other nations' leaders to intervene "I have seen a lot of crises but I have never seen anything quite like this one," said Volcker, who headed up the Fed for eight years before Alan Greenspan took over in 1987. Dig deeper ( 1 Min. Read )

McCain Adviser on Economy: ‘Things Today Just Aren’t That Bad’

Staff / Truthdig Sep 15, 2008 On Sunday, The Washington Post ran an Op-Ed piece written by McCain campaign adviser Donald Luskin in which he argues that, despite "trouble spots in the economy," recent comparisons between the present moment and the Great Depression are the product of "pessimists" and "politics." Over to you, Alan Greenspan. Dig deeper ( 1 Min. Read )

Greenspan Talks Recession as Oil Prices Soar

Staff / Truthdig Jun 25, 2008 Seems like everything is a crisis these days, what with the subprime mortgage crisis, the oil crisis and, perhaps most troubling of all, the climate change crisis. Former Federal Reserve Chairman Alan Greenspan acknowledged the complexity and interconnectedness of these unsettling trends Tuesday, stopping short of declaring that a major recession is on the way but without ruling out a recession of lesser magnitude. Dig deeper ( 1 Min. Read )

Greenspan: Dark Days Ahead for the Global Economy

Staff / Truthdig Mar 17, 2008 Those hoping for better news about the state of the U.S. economy -- not to mention the bigger picture -- aren't going to hear it from former Fed chair Alan Greenspan anytime soon, judging by his ominous forecast released Monday. Dig deeper ( 1 Min. Read )