Investors Business Daily has a long and detailed timeline of the lead-up to the Financial Crisis of 2008. It features of course the Community Reinvestment Act, Fannie Mae and Freddy Mac, pointing out that this crisis is not so much a failure of capitalism, or the free market. Rather it is a spectacular melt-down of a misbegotten social engineering project. Interestingly, the roots of the current f...

A new era is dawning. The financial crisis of 2008 is not the end of capitalism. Capitalism dates back to the Medici revolution, which invented modern banking, but since then it has gone through many different regimes and articulations. The 2008 crisis marks the end of the Reagan-Thatcher counter-revolution. Neoliberalism and monetarism are dead. Even

U.S. financial losses from the credit crisis may reach $3.6 trillion, suggesting the banking system is "effectively insolvent," said Nouriel Roubini, a New York University professor who predicted the 2008 economic crisis.

The Financial Crisis Inquiry Commission (FCIC) has released its report on what it has determined to be the root causes of the 2008 financial crisis/meltdown/implosion/(insert term here). What individual, corporation, government entity or investment vehicle can be pointed to as the critical factor that contributed to the financial meltdown that still leaves the economy of the United States in relat...

Alan Cochrane has written of the impact of the financial crisis on the fortunes of the SNP and the future of the Union. Alex Salmond: a victim of the financial crisis The Nationalists look worried, I am told, about the upcoming Glenrothes by-election - and no wonder. It's there for Labour to win now.

Viewed from a distance, the events of 2008 will be seen as a particularly dramatic example of the age-old cycle of famine and feast. James Buchan reflects on a financial crisis of unprecedented size and complexity Rarely in modern times has there been such a revolution in commercial sentiment as occurred in 2008, or such a display in government and business of panic and helplessness. Amid the coll...

Lib Dem business secretary Vince Cable has sought to reassure the British public that the financial crisis currently destabilising the markets is substantially different to the 2008 crash which sparked the ‘credit crunch’ and recession. While the Lehmans-triggered crash left the British economy reeling because of the knock-on effect on our banking-reliant financial services sector,

The Financial Crisis Inquiry Commission will blame unchecked Wall Street excess for much of the 2008 turmoil, highlighting lax risk management and distortive bonuses

contribution by Stewart Lansley When it comes to official explanations of the current crisis, inequality is the elephant in the room. The report of the bipartisan US Financial Crisis Inquiry Commission, which blamed pretty well everybody and everything for the 2008 crash, failed to mention ‘inequality’ once in its mammoth 662 page report. Yet the

The scale of the financial crisis should not mean that we don't properly scrutinise the Government's proposed solutions. Given the severity of the crisis we should be as careful as possible to respond with efficient policies. Andrew and Tim have...