Canada's once-proud government programs are being subjected to radical budget cuts -- cuts that could have been avoided if the government had not quit borrowing from its own central bank in the 1970s.
If the big banks that brought you the current credit crisis can already meet the new requirements, what exactly does Basel III achieve, beyond shaking down their smaller competitors?
The sovereign debt crisis would seem to create worry enough for European banks, but there is another gathering threat that has not garnered as much no...
The recent crisis was a failure of risk management -- a diagnosis widely shared among the members of the IIF. But we are also starting the next crisis: the public finance crisis in Europe, the United States and Japan.
The real issue for regulators around the globe is a serious definition of the financial world we want to live in. The current focus nearly exclusively on the banking sector could cause authorities to miss the broader picture.
Why was Bear Stearns saved from bankruptcy but Lehman Brothers was not? How could the decision makers not realize the dire consequences of letting Lehman go down?
Political colonialism is now a thing of the past, but under the new Financial Stability Board guidelines, nations can still be held in feudalistic subservience to foreign masters.