archive

Is finance doing what it’s supposed to?

Keith J Johnson (St. Thomas): The Shifting Realm of Hedge Funds. C. N. V. Krishnan (Case Western), Frank Partnoy (San Diego), and Randall S. Thomas (Vanderbilt): Top Hedge Funds and Shareholder Activism. Mutual funds’ dark side: Eric Posner and E. Glen Weyl on why airlines and other industries keep prices too high. Gillian Tett on why finance must blow the whistle on foul play: Money talks, and without tipsters, regulators have little hope of knowing what is going on. David Dayen on how Democrats are fed up with the SEC’s weak financial crimefighting. David Dayen on how the future of Wall Street regulation is in Andrew Cuomo’s hands. Wall Street cop Ben Lawsky: “That was what surprised me, the obviousness of it”. JP Morgan CEO Jamie Dimon said Elizabeth Warren doesn’t understand Wall Street — her response was perfect (and more). Iceland put bankers in jail rather than bailing them out — and it worked. Pietro Maffettone reviews Ethics and the Global Financial Crisis: Why Incompetence is Worse than Greed by Boudewijn de Bruin. Andrew W. Lo (MIT): The Gordon Gekko Effect: The Role of Culture in the Financial Industry. Why would anyone work on Wall Street? Hamilton Nolan wonders. Is finance doing what it’s supposed to? Marshall Steinbaum investigates. Helaine Olen on how the financial services industry doesn’t want to put you first — and neither does Congress. There is no perfect personal finance victim: Yes, some people are irresponsible jerks — but they’re not the real problem.