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While the 05’-06’ Crimson crippled under the pressure—dropping nine of its final twelve league games—Tommy Amaker and his revamped Harvard squad will look to translate its big program attitude into some big program wins...
Let’s take a closer look at the teams the duo have joined and their prospects for success...
Stiglitz also criticized the Obama administration and the Federal Reserve for lending money to banks without a vision of what a stable financial system should look like or an acknowledgement of the danger of risk-encouraging incentives...
...It’s not just that there was a bubble,” he added. “I think we all recognize that there was a bubble, but if you look at the kinds of mistakes that they made—the kinds of intellectual incoherence—it is really mind-boggling...
...blew it before the crisis. This is true. Bernanke had no idea the financial system was in danger, and some of his comments look painfully ridiculous in retrospect. That said, he had a lot of company on the Clueless Express, and it's not clear how much his cluelessness drove the crisis. Bernanke makes a convincing case that the remarkably loose monetary policies he supported under his predecessor, Alan Greenspan, did not create the housing bubble; it's amusing to see longtime Greenspan fanboys like John McCain trashing Bernanke for insufficient foresight. And while the Fed should have provided stronger...