By William K. Black
Bloomington, MN: February 19, 2015
This column discusses the most embarrassing title of an economic study of the U.S. financial crisis. It rivals the most embarrassing title of an economic study of the Icelandic crisis.
“The 2010 Academy Award-winning documentary Inside Job tells how [Frederic] Mishkin changed the name of the study from ‘Financial Stability in Iceland’ to ‘Financial Instability in Iceland’ on his curriculum vitae.”
Geetesh Bhardwaj of AIG Financial Products and Rajdeep Sengupta, a St. Louis Fed economist, entitled their September/October 2008 article: “Where’s the Smoking Gun? A Study of Underwriting Standards for US Subprime Mortgages.”