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Latest Crisis News

Reuters

Wall Street ends flat after mixed data

Data, Fed to test if rally has legs

German finance ministry unaware of Greek bailout deal

Six imperatives for financial regulation: Summers

Lehman report may point way for criminal charges

Nortel sales decline as customers cut spending

Wall Street Journal

Where to Find the Money

The Professor Who Chases Financial Bubbles

Lehman Criminal Case Could Be Difficult

S&P 600 Extends Winning Streak

GE and Caterpillar Pace Dow

Playing a Calmer Corporate-Bond Market

New York Times

Top Choices Are Floated to Fill Seats on Fed Board

February Retail Sales Rise 0.3%, Topping Forecast

Its Own Advisers Oppose Consumer Role for the Fed

Off the Charts: Investors Show Confidence as Consumers Worry

Republicans Name 6 to Debt-Reduction Panel

Stocks and Bonds: Stocks Close Mixed after Uneven Economic Data

Mixed Sources

AIG Was Unprepared for Financial Crisis, Former Top Lawyer Says - BusinessWeek

Lehman Bros. used accounting trick amid financial crisis – and earlier - Christian Science Monitor

US, Europe at odds over global financial reform - Washington Post

Slow US financial regulatory reform irks industry - Reuters

US financial crisis panel to study Fannie, Freddie - Reuters

Financial leaders dissect meltdown - San Francisco Chronicle

Scientific Papers about the Global Financial Crisis of 2007-2010

• Crisis and Responses: The Federal Reserve and the Financial Crisis of 2007-2008 by Stephen G. Cecchetti (Brandeis International Business School and NBER), NBER Working Paper, June 2008.
• On the Political Economy of the Financial Crisis and Bailout of 2008-2009 by Roger D. Congleton (George Mason University), July 2009.
• The Economic Crisis and the Fiscal Crisis: 2009 and Beyond by Alan J. Auerbach (University of California) and William G. Gale (Brookings Institution), February 2009.
• Monetary Policy and the Financial Crisis of 2007-2008 by Stephen G. Cecchetti (Brandeis International Business School and NBER), April 2008.
• The Background to the 2007 Financial Crisis by C.A.E. Goodhart (London School of Economics and Political Science), February 2008.
• Bank Lending During the Financial Crisis of 2008 by Victoria Ivashina (Harvard Business School) and David Scharfstein (Harvard Business School and NBER), November 2008.
• A Note on Competing Economic Theories on the 2007-2008+ Financial Crisis: The Case for (Hidden) Stagflation by Thomas Colignatus (Thomas Cool Consultancy & Econometrics), MPRA Paper, September 2008.
• The Macro-Economics of Repressed Stagflation. Part 2: The Crisis of 2009+ and a Reduction of the Working Week by Thomas Colignatus (Samuel van Houten Genootschap), MPRA Paper, March 2009.
• Dynamic Debt Runs by Zhiguo He (University of Chicago, Booth School of Business) and Wei Xiongz (Princeton University and NBER), September 2009.
• Is the 2007 US Sub-Prime Financial Crisis So Different? An International Historical Comparison by Carmen M. Reinhart (University of Maryland and NBER) and Kenneth S. Rogoff (Harvard University and NBER), December 2007.
• The Influence of the Financial Crisis in 2007 on the Relationship Between the Credit Derivatives Market and Capital Markets by Ásta Björk Eiríksdóttir and Brynja Kolbrún Pétursdóttir (Aarhus School of Business and University of Aarhus), August 2008.
• Facts and Myths about the Financial Crisis of 2008 by V.V. Chari, Lawrence Christiano and Patrick J. Kehoe (Federal Reserve Bank of Minneapolis), Working Paper, October 2008.
• More Myths about the Financial Crisis of 2008 by John Tatom (Indiana State University), MPRA Paper, November 2008.
• The US Financial Crisis, Global Financial Turmoil, and Developing Asia: Is the Era of High Growth at an End? by William E. James, Donghyun Park, Shikha Jha, Juthathip Jongwanich, Akiko Terada-Hagiwara and Lea Sumulong (Asian Development Bank), ADB Economics Working Paper, December 2008.
• Central Banks and Financial Crises by Willem H. Buiter (London School of Economics and Political Science, NBER and CEPR), September 2008.
• Extreme Value Theory and the Financial Crisis of 2008 by James P. Gander (University of Utah), Working Paper, January 2009.
• The Costs and Contradictions of the Lender-of-Last Resort Function In Contemporary Capitalism: The Sub-Prime Crisis of 2007 - 2008 by James Crotty and Gerald Epstein (University of Massachusetts), October 2008.
• The 2007 Subprime Market Crisis in the EURO Area Through the Lens of ECB Repo Auctions by Nuno Cassola (European Central Bank), Ali Hortaçsu (University of Chicago and NBER) and Jakub Kastl (Stanford University), February 2009.
• Market Responses to the Panic of 2008 by Casey Mulligan and Luke Threinen (NBER), NBER Working Paper, October 2008.
• The Subprime Turmoil: What's Old, What's New, and What's Next by Charles W. Calomiris (Columbia Business School), October 2008.
• The Sub-Prime Crisis, The Credit Squeeze and Northern Rock: The Lessons to be Learnt by Maximilian J. B. Hall (Loughborough University), Discussion Paper, August 2008.
• The First-World Debt Crisis of 2007-2010 in Global Perspective by Robert Wade (London School of Economics and Political Science), Challenge, 2008.

Images:

Houses for sale due to Mortgage Crisis:

Source: Wikimedia Commons, Author: The truth about; Creative Commons Attribution 2.0 Generic

Northern Rock Bank Run, Birmingham, 2007:

Source: Wikimedia Commons, Author: Lee Jordan; Creative Commons Attribution 2.0 Generic

G-20 Leaders Summit on Financial Markets and the World Economy, Washington, 2008:

Source: Wikimedia Commons, Public domain