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Law professor David Skeel warns that 'many financial decisions, particularly in times of crisis, will be made on political ground rather than market grounds.' Continue reading
The Deal's Robert Teitelman and Vipal Monga discuss the search for a permanent solution to avoiding another financial crisis. Continue reading
The last few years have experienced an amazing outpouring of commentary, debate, invective, blather and, yes, some serious reflection about the crisis, what caused it, who was responsible for it and how can we fix it so it never never never happens again. Continue reading
In The New York Times today, Floyd Norris conjures up the unquiet ghost of Texas Congressman and Federal Reserve-hater Wright Patman in a column about similarly unquiet, if clearly alive, Fed-hater Ron Paul. Continue reading
David Skeel's 'The New Financial Deal' takes an intelligent look at Dodd-Frank in its entirety, pointing out its strengths and weaknesses and offering suggestions for improvements. Continue reading
In the realm of unquestioned truths, the virtues of competition appear unassailable. We may doubt the wisdom of efficient markets, we may wonder at the ability of laissez-faire markets to avoid breakdown, dysfunction, crashes, panics, palsies, disaster. We may scoff... Continue reading
This weekend, Joseph Stiglitz published a review of former U.K. Prime Minister Gordon Brown's new memoir-cum-policy tract, 'Beyond the Crash: Overcoming the First Crisis of Globalization.' Continue reading
There has been considerable blogospheric chatter over the failure of the government to produce criminal prosecutions in the financial crisis Continue reading
The kind of investigatory work required to demonstrate CEO criminality in complex failures like the financial crisis seems to be well beyond the resources and reach of the media. Continue reading
