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Dates: during 2000-2009
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...nature of the problem, they said, had been completely misrepresented. "Policymakers had made three very specific claims," says Chari. "That banks were not lending to non-financial businesses and households, that banks were not lending to each other, and that the ability of non-financial businesses to access the commercial paper market had declined very sharply." When he and his colleagues plotted Federal Reserve data through mid-October, they found no dramatic decline in any of those categories. Most measures of lending were holding steady; some were even increasing...

Author: /time Magazine | Title: Is There Really a Credit Crunch? | 12/24/2008 | See Source »

Chari is more cautious. "Our position throughout has been that policymakers likely have access to information that is better than the information we have - and that it would be good for them to share that information," he says. "They've been remarkably unforthcoming about the rationale for their interventions." That seems to be a common sentiment. "The one thing they emphasize that we really agree with is they want policymakers to share more data that underlie their decisions," says the Boston Fed's Duygan-Bump. As a new Administration takes office and the process of spending hundreds of billions...

Author: /time Magazine | Title: Is There Really a Credit Crunch? | 12/24/2008 | See Source »

...poured their life savings. From the super wealthy, like Mort Zuckerman, to schmoes like me, the victim-cry is: Who the hell is Bernie Madoff? Had we known Madoff was behind all the "trades" maybe we would have made a better investment decision. Maybe. Other victims, however, with direct access to Madoff, such as those going through licensed brokerage firms like Minneapolis' Engler & Budd, knew the name Madoff and invested big because of his strong reputation and track record...

Author: /time Magazine | Title: Who Is Bernie Madoff? Many Investors Didn't Ask | 12/23/2008 | See Source »

...tough times like these, it would be nice to have a bit of that harmless White House mischief. And the Obamas are still a young couple. With ready access to government-sponsored childcare. No pressure of course, but would it be too much to ask to give the ol' dice another roll? Maybe you can't campaign with a son, but it sure sounds like fun to try and govern with...

Author: /time Magazine | Title: White House Family Values: Where Are the Boys? | 12/23/2008 | See Source »

...along with changes in sentencing guidelines, something else has changed in Texas, death-penalty opponents claim. In the past, both Democrats and Republicans for high office have embraced the death penalty as an issue, but in recent elections, Houle notes, the issue has been rarely raised. Improved access to better quality defense counsel and the realization that capital cases usually cost county government upwards of $2 million each, Houle says, have helped reduce the number of death penalty cases. Recent U.S. Supreme Court decisions striking down the death penalty in certain kinds of cases - the rape of a child...

Author: /time Magazine | Title: Is Texas Changing Its Mind About the Death Penalty? | 12/23/2008 | See Source »

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