The Great Debate©: Did Fannie and Freddie Cause the Great Financial Crisis?

The Neville Awards Case Against Fannie and Freddie Written by John Lounsbury The Neville Awards is a website that has collected published media reports and opinion about the role of Fannie Mae and Freddie Mac in creating the Great Financial Crisis.  The attribution for this section of The Neville Awards is: Compiled by Gary Starr …

Review: American Monetary Policy Since the Financial Crisis

by James D. Hamilton, reproduced from EconBrowser.com The Federal Reserve Bank of New York announced on Thursday that it had sold the last remaining securities from its Maiden Lane III portfolio, successfully closing the chapter on its assistance to insurance giant AIG. I thought this would be a good occasion to review the various measures that the …

The Great Debate©: Who Saw it Coming?

by John Lounsbury This edition of The Great Debate© is prompted by an essay from Brad DeLong today (30 June 2012) and a rebuttal from Steve Keen.  Before we present those two protagonists we will return to a paper published by Dutch economist Dirk Bezemer in 2009.  That paper was reviewed by this author when …