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The report of the Financial Crisis Inquiry Commission, festooned with its various Republican dissents, has receded into the past faster than this year's Davos meeting. Continue reading
With the State of Union cuddlefest over, the battles begin anew in Congress. On Wednesday, I caught up with Hal Scott, the director of the Committee on Capital Markets Regulation, who was on his way to testify before the House Financial Services Committee. Continue reading
A close reading of a recent report by Treasury Secretary Timothy Geithner offers two enlightening statements in a 56-page morass of irrepressibly, and possibly deliberate, econospeak. Continue reading
The circus has returned: It shows up like woodland mushrooms in the soccer field behind the dump. It'll put fannies on hard seats, at least until Oprah gets geared up. It's a throwback to an age before yesterday, commentary by... Continue reading
Jesse Eisinger at ProPublica has a column up that, after wandering through Goldman, Sachs & Co.'s recent travails, makes an argument that the firm needs to break itself up. Continue reading
The debate over whether banks should boost their equity and reduce their leverage has begun to boil, though whether it can gain self-sustaining policy life, or submerge the way earlier proposals like nationalization, utility banking or even a strict form of the Volcker Rule have, is still in considerable doubt. Continue reading
It's a strange dynamic: the media commenting on a breakdown of Goldman, Sachs & Co.'s Facebook deal, which the firm blames on, well, the media. Continue reading
Goldman Sachs' release of its report of its business standards committee on proposed internal changes in practice has been met with skepticism -- with one exception. The WSJ chose to interpret it as a sign that investment banking is making a comeback at the firm. Continue reading
In the Financial Times Monday, Amar Bhidé offers up a deceptively simple solution to bank regulation: Return banking to an era, roughly from the '30s to the '70s, when tight caps regulated interest on deposits. Continue reading
The Financial Times on Friday tackles a problem that is as tangled and difficult as it is encased in myth and nostalgia: American manufacturing. Continue reading
So much of how we interpret the financial crisis and subsequent reform turns on how we read the past. Continue reading
