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The Race for Treasury Secretary

For those of us following the current economic crisis, Barack Obama’s most important cabinet choice will be his Treasury Secretary pick. Although nothing to be sneezed it, the position has historically...

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Confusion, Tunneling, And Looting

Emerging market crises are marked by an increase in tunneling - i.e., borderline legal/illegal smuggling of value out of businesses.  As time horizons become shorter, employees have less incentive to...

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A View from the Inside

If you haven’t picked up on one of the dozens of recommendations from other blogs, I recommend reading Phillip Swagel’s long and detailed account of the view of the financial crisis from his seat as...

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Cash for Trash: Better Never than Late

The following guest post was written by Linus Wilson, a finance professor at the University of Louisiana at Lafayette, the media’s go-to guy on calculating the value of transactions between the...

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Treasury and the Blogs

On Monday the Treasury Department (various officials, including Geithner, in shifts) had an informal meeting with eight prominent finance or economics bloggers. I’ve only read the accounts by Tyler...

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