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Sinking markets, emergency meetings: A Fed governor recalls 2008

Jan 22, 2018
For Randall Kroszner, 2008 was all about doing the exact opposite of what the Fed did in the 1930s.
Randall Kroszner of the Federal Reserve System Board of Governors (R) testifies before the House Financial Services Committee along with Federal Deposit Insurance Corporation Chairman Sheila Bair on Capitol Hill Dec. 6, 2007 in Washington, D.C. The committee held the hearing about accelerating loan modifications, improving foreclosure prevention and enhancing enforcement in an effort to stem damage from the subprime mortgage crisis.
Chip Somodevilla/Getty Images

A slimmed-down GE Capital highlights pros and cons of "too big to fail"

Jun 29, 2016
In the last year, GE Capital has sold off $180 billion dollars of its business
The entrance of General Electric (GE) Celma, GE's aviation engine overhaul facility in Petropolis, Rio de Janeiro, Brazil on June 8, 2016. 
YASUYOSHI CHIBA/AFP/Getty Images

What's Geithner telling us that we don't already know?

Jan 18, 2011
This final note today, to follow up on our story last week about systemic risk, the idea that the government's going to be paying extra close...