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The Hearing: July 5, 2009 - July 11, 2009

In Defense of the Fed's Independence

This guest post was filed by David Zaring, University of Pennsylvania professor and a blogger at The Conglomerate. Yesterday, Federal Reserve Vice Chairman Donald L. Kohn testified before Congress on the independence of the Fed, heretofore the most independent of...

By Tim Lawson  |  July 10, 2009; 6:05 AM ET  |  Permalink  |  Comments (0)
Categories:  Banking , Regulation  
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Next Shock Coming: Commercial Real Estate

The Joint Economic Committee holds a hearing this morning on worsening conditions in commercial real estate – falling rents, fewer tenants, and defaults on debt down the road. This seems to be the first hearing on Capitol Hill to focus...

By Terri Rupar  |  July 9, 2009; 10:00 AM ET  |  Permalink  |  Comments (2)
 
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The Taboo Against Government Intervention

Following in Chrysler's wake, GM seems to be on the fast track toward a successful bankruptcy exit -- "successful," that is, in the sense that GM and the Treasury Department get what they wanted, and the company does not melt...

By James Kwak  |  July 7, 2009; 11:11 AM ET  |  Permalink  |  Comments (3)
 
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