One Election Takeaway: Voters Hate Temporary Safety Nets
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Financial Crises
A collection of 9 posts
From Relic to Indispensable: How the Federal Reserve Nearly Gave Up Its Emergency Lending Powers in 1967
Perhaps the most shocking thing I have come across in the minutes is that the Federal Reserve very nearly got rid of its own emergency powers.
Revealed: The Federal Reserve’s Secret 1973 Plan to Bailout the Saving & Loan Industry That Very Nearly Happened
An update on my major project of the moment: launching my 30,000 page database of FOIA minutes. All of the minutes have been uploaded to my website, but generating an accessible and
The New York Federal Reserve’s “Doomsday Book” Has Been (Partially) Revealed
Yet, as successful as I have been at using FOIA regarding the Federal Reserve, I didn’t have the biggest Freedom of Information victory against the Federal Reserve System in 2023 (that had to wait for this year). Not by a long shot.
FDR Opposed Deposit Insurance. He Isn’t the Last Word on the Subject
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The Night They Reread Pozsar (in his absence)
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The Federal Reserve’s Monetary Policy Operating Procedures Have Come Full Circle: What Does that Mean for the Post-SVB FOMC Meeting?
Before Silicon Valley Bank failed last week, I was considering writing a post examining the Federal Reserve’s policy framework in the context of the last sixty years of monetary policy’s history.
The Dizzying Array of Accounting Gimmicks Preventing Silicon Valley Bank’s Failure From Affecting the Debt Ceiling
Normally I do not release pieces on Saturdays or Sundays. However, this is the third anniversary of the first piece I ever sent of this newsletter. That brief note, appropriately titled “Sign of
Every Complex Banking Issue All At Once: The Failure of Silicon Valley Bank in One Brief Summary and Five Quick Implications
Financial crisis nerds have had quite a weekend. In short order the one-of-a-kind Silicon Valley Bank began to reportedly be experiencing losses, and large uninsured depositors began loudly and aggressively “pulling” their deposits.