Apparently the continuing pain of the subprime crisis has taught our feckless politicians nothing.
The Fed had been easing its monetary policy to counteract the deflationary effects of the subprime crisis.
Peterson Foundation CEO says the subprime crisis threatens the American standard of living.
Like so many of its peers, Citigroup has been rocked by the subprime crisis and credit crunch.
In the aftermath of the subprime crisis Wall Street has turned into a fantasyland which thrives on two false premises.
What is not in doubt is that the subprime crisis has exposed four deep flaws in the practice of securitisation.
As Black has pointed out, the Fed had the power to respond to the subprime crisis but chose not to.
In the aftermath of the subprime crisis, the US economy is on a re-regulation track that burdens corporations with additional costs.
Forth, credit agencies cannot afford another mishap of an impeding crisis, as was the case with the subprime crisis they will lose credibility.
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Mr Rajan's story was intended as a narrative of the subprime crisis in America, not as a general theory of financial dislocation.
Behind the woes of the bond insurers lies the subprime crisis.
The bizarre belief that adequate housing means home ownership and not rental housing was one of the push factors in the subprime crisis.
The financial crisis started as the subprime crisis, spent some time as a credit crisis, and has now morphed into the foreclosure crisis.
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In that sense, credit applications aren't much different from the so-called stated-income mortgages that came to be called "liar loans" during the subprime crisis.
The investment bank, in fact, also still existed, albeit with billion of dollars in mortgage bonds that had gone bad as the subprime crisis worsened.
Most all of the 8, 000 plus banks in the country were victims of the subprime crisis and had nothing to do with creating the crisis.
And construction--another major industry--has decreased since the subprime crisis took hold.
Back in the mid of the subprime crisis, Bank of America made two costly acquisitions: the purchase of Countrywide Financial and the purchase of Merrill Lynch.
Although this theory has yet to be tested by a full-blown American recession, the subprime crisis has not had much impact on Asian growth so far.
The discrepancies reflect the growing uncertainty over whether the U.S. financial system has recovered from the subprime crisis or whether the future will look very different from the past.
Since the real problem lay partly in the mortgages, rather than the borrowers, this suggests the subprime crisis was a financial-market mess, as well as a housing one.
The German banking system has been one of the biggest victims of the subprime crisis, with several large institutions having taken large positions in tainted mortgage-related securities.
The subprime crisis still dominates headlines as banks and financial institutions continue their multibillion-dollar writedowns and shoring up of depleted balance sheets with massive infusions of new capital.
Shariah banks make up a small fraction of the global banking sector, and they may have suffered less than Western counterparts by being sheltered from the subprime crisis.
Mr. ED YINGLING (President, CEO, American Bankers Association): The mess we are in was started by the subprime crisis, but it didn't have to be anywhere near this bad.
The monolines moved into insuring collateralised-debt obligations (portfolios of bonds that are sliced and diced into tranches bearing different risk), and that got them caught in the subprime crisis.
"But very little had to be added in the fourth quarter - the subprime crisis has up till now, in relative terms, had a very modest effect, " he added.
Which lender, whether in receipt of government funds or not, would believe in "green shoots" when faced with a looming threat that might make the subprime crisis look like the warm up?
Still his familiarity with the parlous state of American financial firms--especially those with ties to the subprime crisis--would have been attractive to Wachovia's board, as would his contacts inside the Washington Beltway.
Even the subprime crisis with the accompanying talk of six-sigma tail risk must be viewed through the lens of a history littered with credit booms followed by busts, many of them real estate related.
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