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Issue of March 24, 2008 |     |
At The MarginsBy Robert B. Segal The most recent Federal Reserve senior loan officer survey, released at the end of January, indicated further tightening of most standards for commercial lending. Tangled Web Don’t shoot the messenger. That was the sentiment expressed by the 7th Circuit U.S. Court of Appeals earlier this month when it handed down its ruling regarding online rental-housing advertisements. Science Project Regardless of the textbook criterion of consecutive quarters of falling gross domestic product not being met, a growing number of politicians and economists are declaring that the nation already is in recession. Crisis Requires Bolder Federal Action By Aaron Gornstein Ten days ago, Harvard University economist Martin Feldstein declared that our nation is in a recession and a Wall Street Journal survey of economists found that 70 percent agree with him. Follow the Money: Emperors Club VIP Dues and Don’ts By Kevin Handly & Lori Desjardins The dramatic exposure of former New York Gov. Eliot Spitzer’s apparent patronage of a high-priced prostitution ring has focused public attention as never before on the currency transactions and suspicious activity reporting practices of financial institutions. Investor Fear Roils in Wake of Bear Stearns Bailout By Rachel Beck It will be difficult for the economy to grow or for the market to reverse its course while fear is stalking the financial world. Check & Balance Banker & Tradesman's political cartoon. |
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