How has financialization changed the real economy?
James and Simon do an excellent job tracing the history of the conflict between the financial sector and the government in their book "13 Bankers." They do this history in two dimensions: first as a history of the United States' complicated relationship with...
Posted January 21, 2010 | 12:51:49 (EST)
There's good news for financial reform. Before we talk about it, we need to get in the time machine and travel back to the 20th century for a quick refresher.
History Lesson
It's 1933 and the banking sector, hammered by bank runs...
Posted January 15, 2010 | 13:27:44 (EST)
Wednesday, 01/13/2010
Not everyone in finance works for a Too Big To Fail institution. Many saw the crisis coming, more are disappointed with the lack of real reform, and many more would be more than happy to tell you how we can actually fix the...
Posted January 13, 2010 | 14:06:14 (EST)
You'll be happy to note that all four bank CEOs understand that Too Big To Fail shouldn't exist, and that they've spent a lot of time re-examining their compensation packages. We know this because all four bank CEOs took the upmost pain to describe both these...
Posted January 12, 2010 | 17:51:48 (EST)
This week begins the long-awaited first hearings of the Financial Crisis Inquiry Commission (FCIC). This is a bi-partisan 10-member commission created by Congress to investigate the causes of the financial collapse. It is mandated to create a special report by December 15th, 2010, and will...
Posted May 3, 2010 | 03:40:07 (EST)