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Economic Crisis 1

Economic Crisis 1

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Published by jnowicki07

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Categories:Types, School Work
Published by: jnowicki07 on Oct 15, 2009
Copyright:Attribution Non-commercial


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By: Laura Burrows, Jennifer Kahn,Kat Martin, Julianne Nowicki, &Jessica Schissel
ncial News Coverage
“Fed Chief Downplays Recession Talk”March 29, 2007
“Even though the economy is facing some big problems, thechairman of the Federal Reserve says he's optimistic.”“He told members of the Joint Economic Committee he didn't seeany evidence that problems in the subprime mortgage marketwere spilling over to affect the rest of the economy.”“Bernanke said inflation remains a bigger concern than recessionfor the time being”
: Sen. Schumer asks important questions regarding whythe Fed didn’t do more to prevent abusive lendingCould have been better if NPR had further investigatedBernanke’s claims, acted as a watchdog
“Recession Odds ‘Clearly Rising’”December 14, 2007
Well, let me stop you for a second because there is asimpler version of this story that is sometimes told. AlanGreenspan lowered interest rates, fueled a housing bubble,and got us in the lot of the trouble we're in right now.What's wrong about that analysis from your point of view?Do you believe that there was nothing that you could havedone that could have prevented the housing bubble or could have brought it down a little more gently?
: forces Greenspan to own up to his involvementin the housing bubble; asks the right questions thatchallenge authority, getting the truth out there for their listeners

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