Center for American Progress Center for American Progress
Issues Domestic & Economy Housing

Subprime Roadmap Laid Out in Gramlich's Last Act

When Kansas City Federal Reserve Chairman Tom Hoenig announced at the bank's annual conference in Jackson Hole, Wyoming, last month that someone else would read former Fed Governor Edward "Ned" Gramlich's speech on the subprime crisis, few failed to grasp the sorrowful significance.

Read more here.

This article was originally published in Bloomberg.

To speak with our experts on this topic, please contact:

For print, John Neurohr, Deputy Press Secretary
202.481.8182 or jneurohr@americanprogress.org

For radio, Andrea Purse, Deputy Director of Media Strategy
202.446.8429 or apurse@americanprogress.org

For TV, Sean Gibbons, Director of Media Strategy
202.682.1611 or sgibbons@americanprogress.org

For web, Erin Lindsay, Online Marketing Manager
202.741.6397 or elindsay@americanprogress.org

Related Articles

Stagflation, Not Strong Growth, Justifies Pause, by Gene Sperling

The Young and the Indebted, by Erica Williams, Tim Westrich

Ask the Expert: Gas Prices Are Tightening the Middle Class Squeeze, by Christian E. Weller

Running on Fumes, by Amanda Logan, Christian E. Weller

Bankruptcies Back on the Wrong Track, by Amanda Logan, Christian E. Weller

Also by Gene Sperling

Stagflation, Not Strong Growth, Justifies Pause, July 3, 2008

Double-Bubble Trouble in Commercial Real Estate, May 9, 2008

Soaring Food Prices Mean Less Education for Poor, May 1, 2008