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The Hearing: April 26, 2009 - May 2, 2009

Romer Speaks to Credit Supply and Demand

Rep. Carolyn Maloney (D-N.Y.) filed this guest blog post. Yesterday's hearing was the first of two that the Joint Economic Committee is holding on "The Economic Outlook." Next Tuesday, May 5th, Federal Reserve Chairman Ben Bernanke will testify before the...

By Sara Goo  |  May 1, 2009; 12:12 PM ET  |  Permalink  |  Comments (3)
Categories:  Banking  
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Reflections on Christina Romer’s Testimony

University of Wisconsin professor Menzie Chinn filed this guest blog post. In her testimony before the Joint Economic Committee yesterday, Christina Romer, chair of the Council of Economic Advisers, presented an explication of the progress of the financial crisis and...

By Tim Lawson  |  May 1, 2009; 6:15 AM ET  |  Permalink  |  Comments (0)
Categories:  Banking  
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Christina Romer's Prepared Testimony before Joint Economic Committee

You can find prepared testimony of Christina Romer, chair of the president's Council of Economic Advisers, on the Joint Economic Committee's Web site where she is testifying right now. You can also find prepared remarks from the committee's chair, Rep.Carolyn...

By Sara Goo  |  April 30, 2009; 10:59 AM ET  |  Permalink  |  Comments (3)
 
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Questions For Christina Romer

Tomorrow, Christina D. Romer, the chair of the President's Council of Economic Advisers (CEA), will appear before the Joint Economic Committee of Congress. Professor Romer is a distinguished macro-economist (with widely cited work on US economic history, including the Great...

By Simon Johnson  |  April 29, 2009; 12:29 PM ET  |  Permalink  |  Comments (13)
 
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Fools Rush in to Ease Mark-to-Market Rules

University of Kentucky finance professor Joe Peek filed this guest blog post: As financial commentator Abraham Briloff famously noted, financial statements are like fine perfume: To be sniffed, but not swallowed. Such advice is even more relevant today with the...

By Sara Goo  |  April 28, 2009; 12:10 PM ET  |  Permalink  |  Comments (4)
Categories:  TARP  
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GM, in Game of Chicken, Steps on Accelerator

GM yesterday announced the latest version of its restructuring plan, which the government has demanded by the end of May. The plan goes into considerable detail on the steps being taken to eliminate brands and reduce the overall cost structure...

By James Kwak  |  April 28, 2009; 6:06 AM ET  |  Permalink  |  Comments (5)
 
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TARP Inspector General Barofsky Weighs In

Some weeks it's hard not to have sympathy for Treasury Secretary Timothy Geithner. Last Tuesday he was grilled by the Troubled Assets Relief Program Congressional Oversight Panel; at the same time, two prominent economists and one Fed Bank chairman were...

By James Kwak  |  April 27, 2009; 6:02 AM ET  |  Permalink  |  Comments (3)
Categories:  TARP  
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