Female Bylines

« Tibetan Prisoners Are Paraded on Trucks As China Tightens Its Grip | Main | One Woman's War »

March 18, 2008

How America's Banks Lost their Reputations

by Susanne Amann, Der Spiegel, Germany - The former Fed chief's message was clear: Despite all the turbulence currently rocking the markets, there's no reason to panic. But it remains to be seen whether people will actually follow Greenspan's advice. After all, the near bankruptcy of Bear Stearns, a company as American as peanut butter and jelly, has reinforced the devastating impression that some of the world's biggest banks no longer have any clue how to steer relatively unscathed out of a seemingly never-ending loan crisis.

Comments (1)

The spectacle of Alan Greenspan, one of the Ayn Randian faithful, preaching calm over the wreckage of innovative greed run wild, is about as sick as Cheney's recent pitch that the Iraq War is a "success." There is clear blame for the financial mess. The culprit is deregulation. It's time for government to bring back managed capitalism. The self-regulating financial foxes are just not up to the job.

Leave a comment

BYLINE PORTAL

Tribes Versus Terrorists

by Ashley Bommer, Today's Zaman, Turkey - The United States went into Afghanistan to destroy al-Qaeda. But seven years later, what has the US achieved?...

Illiteracy Eradication Programs Struggle with the Numbers

by Safaa Abdoun, Daily News, Egypt - Amid the noisy, crowded streets and bustling activity in the Cairene squatter settlement of Mansheyat Nasser, in the...

Ban the Cluster Bomb

by Lynn Bradach, Los Angeles Times, USA - In the last 10 years, the United States has used cluster bombs in civilian-populated areas of Afghanistan,...

Diction Matters

by Saba Naqvi, Outlook, India - Terror has given Indian politics a big jolt. Just when the political process appeared to be the sum total...

The Rights of the Land

by Robin Kimmerer, Orion, USA - The Onondaga Nation of central New York proposes a radical new vision of property rights....