New York Times
In Study, 2 Economists Say Intervention Helped Avert a 2nd Depression

WASHINGTON - Like a mantra, officials from both the Bush and Obama administrations have trumpeted how the government’s sweeping interventions to prop up the economy since 2008 helped avert a second Depression.

Now, two leading economists wielding complex ( Read more... )

Wall Street Journal:
The Verdict on the Term Asset-Backed Securities Loan Facility: It Worked

It took a year, but the Term Asset-Backed Securities Loan Facility, an innovative program designed to stabilize the market for consumer loan-backed securities, has done what it was supposed to: rekindle demand and get credit flowing again.

And the part of ( Read more... )

This video (CNBC) featuring Bernanke, CNBC's Steve Liesman and others is great, and touches upon several of the points many of us are now pondering.

Behind this cut, as it might auto-play ( Read more... )

Catching up with some great articles that you
may have missed with the holiday weekend and start of the work week...

The Baseline Scenario
(Former IMF Chief Economist - Simon Johnson, Peter Boone - chair of Effective Intervention & James Kwak - co-founder of Guidewire Software)

“I Have 13 Bankers in My Office”
The Washington Post (hat tip Mark Thoma) ( Read more... )

In the world of Residential Real Estate, just as the subprime mess (hopefully) wraps up this year, there is growing concern among those who closely examine these industries that Jumbo prime loans and Alt As will begin crashing down on the marco economy with some vengeance, starting later this year, and continuing through at least the end of 2010 ( Read more... )