This is a copy of the FM reference library page about the Financial Crisis. These pages are listed at the top of the right side menu bar.
One of the suggestions was to sort these out better, to more easily follow the various series of articles on each topic. Here’s a first cut at this. Suggstions for further improvements are welcome.
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Financial crisis – what’s happening? how will this end?
This crisis will reshape America. We do not yet know in what way or how much. It will strip bare our pretensions, showing what we value most. It has long been forecast by many, including in articles on this site. Even now that we are in the whirlwind, these provide valuable background material on its causes — and speculation about the results.
Contents
- Other relevant topics discussed on this site
- Situation Reports
- Diagnosis, analysis, and forecasts about the crisis
- Some Solutions
- Implications for the future, about structural changes to America and the world
- Links to Treasury Department documents
1. Other relevant topics discussed on this site
For a full list of topics, see the FM reference page on the right side menu bar. Of esp interest these days:
- about America – how can we reform it?
- about the Financial crisis – what’s happening? how will this end?.
- about The End of the Post-WWII Geopolitical Regime.
- links to Damage Reports from home and abroad
2. Situation Reports
- The US economy at Defcon 2, 11 March 2008 — Where are we in the downcycle? What might the world look like when it ends?
- The most important story in this week’s newspapers, 22 May 2008 — How solvent is the US government?
- Another warning from our leaders, which we will ignore, 4 June 2008 — An extraordinarily clear warning from a senior officer of the Federal Reserve.
- High priority report: a geopolitical sitrep on the financial crisis, 15 September 2008
- A new sitrep, as we move into phase 3 of the financial crisis, 19 September 2008
- A sitrep on the financial crisis: why has the treatment been so slow, so small?, 8 October 2008
3. Diagnosis, analysis, and forecasts about the crisis
- A brief note on the US Dollar. Is this like August 1914?, 8 November 2007 — How the current situation is as unstable financially as was Europe geopolitically in early 1914.
- The post-WWII geopolitical regime is dying. Chapter One, 21 November 2007 — Why the current geopolitical order is unstable, describing the policy choices that brought us here.
- We have been warned. Death of the post-WWII geopolitical regime, Chapter II, 28 November 2007 — A long list of the warnings we have ignored, from individual experts and major financial institutions.
- Diagnosing the eagle, chapter I — the housing bust, 6 December 2007
- Death of the post-WWII geopolitical regime, III – death by debt, 8 January 2008 – Origins of the long economic expansion from 1982 to 2006; why the down cycle will be so severe.
- Geopolitical implications of the current economic downturn, 24 January 2008 – How will this recession end? With re-balancing of the global economy — and a decline of the US dollar so that the US goods and services are again competitive. No more trade deficit, and we can pay our debts.
- Let us light a candle while we walk, lest we fear what lies ahead, 10 February 2008 – Putting the end of the post-WWII regime in a larger historical context.
- A happy ending to the current economic recession, 12 February 2008 – The political actions which might end this downturn, and their long-term implications.
- What will America look like after this recession?, 18 March 2008 — The recession will change many things, from the distribution of wealth within the US to the ranking of global powers.
- Consequences of a long, deep recession – part I, 18 June 2008
- Consequences of a serious US recession – part II, 19 June 2008
- Consequences of a long, deep recession – part III, 20 June 2008
- A look at one page of what lies ahead in America’s history, 7 August 2008 — Death of an American industry.
- “The Coming US Consumption Bust”, by Nouriel Roubini, 6 September 2008
- A vital but widely misunderstood aspect of our financial crisis, 18 September 2008 — Too many homes.
- What do we know about the financial crisis? What are the key questions?, 20 September 2008
- Essential steps to surviving the current crisis, 23 September 2008
- A picture of the post-WWII debt supercycle, 26 September 2008
- Is the US economy in good shape, or in terrible shape?, 27 September 2008
- The most important news of the month. Perhaps the year., 29 September 2008 — Warnings from our foreign creditors.
- Status report on the financial crisis: we’re at a critical point in time, 10 October 2008
- The economy is in shock. The effects of this will soon become visible, 11 October 2008
- Damage Reports from home and abroad, 12 October 2008
- Forecasting the results of this financial crisis – part I, about politics, 13 October 2008
- Forecasting the results of this financial crisis – part II, a new economy for America, 14 October 2008
- The coming collapse in business spending – made visible today, 15 October 2008
- Miscelaneous news and thoughts about the financial crisis, 16 October 2008
- The core problem of this financial crisis, which also explains how we got in this mess, 22 October 2008
4. Some Solutions
- Slow steps to nationalizing the US financial sector, 7 April 2008 — How this will change our society.
- Slowly a few voices are raised about the pending theft of taxpayer money, 21 September 2008
- How should we respond to the crisis?, 24 September 2008
- A solution to our financial crisis, 25 September 2008
- A quick guide to the “Emergency Economic Stabilization Act of 2008″, 29 September 2008
- The Paulson Plan will buy assets cheap, just as all good cons offer easy money to the marks, 30 September 2008
- The last opportunity for effective action before disaster strikes, 3 October 2008
- Prof Roubini prescribes first aid for America’s economy, 4 October 2008
- Effective treatment for this crisis will come with “The Master Settlement of 2009″, 5 October 2008
- Dr. Bush, stabilize the economy – stat!, 7 October 2008
- The new President will need new solutions for the economic crisis, 9 October 2008
- Results from the IMF meeting – just thin gruel, 12 October 2008
- The G-7 meeting was the last chance for action before the global recession, 12 October 2008
- A brief note about our financial system: Intermediation, disintermediation, and soon re-intermediation, 16 October 2008
5. Implications for the future, about structural changes to America and the world
- Treasury Secretary Paulson leads us across the Rubicon, 9 September 2008
- Say good-bye to the old America. Welcome to our new socialist paradise!, 17 September 2008
- Another voice warning about the nationalization of AIG, 18 September 2008
- Another step away from our Constitutional system, with applause, 19 September 2008
- America appoints a Magister Populi to deal with the financial crisis, 21 September 2008
- Legal experts discuss if the Paulson Plan is legal, 21 September 2008
- German Finance Minister Peer Steinbrück explains how the world is changing, 30 September 2008
- America has changed. Why do so many foreigners see this, but so few Americans?, 1 October 2008
- America is changing. Read some chillling words from a liberal economist, 2 October 2008
6. Treasury Department documents
A description of the Emergency Economic Stabilization Act of 2008, House Committee on Financial Services
We cannot plead the “we didn’t know the details in the fine print” excuse. The details about this massive nationalization have been clearly spelled out for us by the government.
- Paulson Remarks on Housing GSE Actions
- FHFA Director Lockhart Remarks on Housing GSE Actions
- Fact Sheet: FHFA Conservatorship
- Fact Sheet: Treasury Preferred Stock Purchase Agreement
- Fact Sheet: Treasury MBS Purchase Program
- Fact Sheet: Treasury GSE Credit Facility
- Freddie Mac Warrant to Purchase Common Stock
- Freddie Mac Certificate
- Freddie Mac Senior Preferred Stock Purchase Agreement
- Fannie Mae Warrant to Purchase Common Stock
- Fannie Mae Certificate
- Fannie Mae Senior Preferred Stock Purchase Agreement
- Frequently Asked Questions: Treasury Senior Preferred Stock Purchase Agreement
- OMB Director Nussle Statement on the GSEs Budgetary Status
See this page for a current list of Treasury Department documents.
