Perry Mehrling (Columbia), Zoltan Pozsar (U.S. Treasury), James Sweeney (Credit Suisse), and Daniel H. Neilson (INET): Bagehot was a Shadow Banker: Shadow Banking, Central Banking, and the Future of Global Finance. From Rolling Stone, Matt Taibbi on the Biggest Price-Fixing Scandal Ever: The second huge financial scandal of the year reveals the real international conspiracy — there's no price the big banks can't fix. John Keane on a short history of banks and democracy. Regulatory Rockstar: Elizabeth Warren is using her Senate seat to grill those who let the big banks off the hook. Matthew Yglesias reviews The Bankers’ New Clothes by Anat Admati and Martin Hellwig. Neil Irwin on 10 shocking things you probably didn’t know about central banking. Has financialization gone too far? Robert Solow on how to save American finance from itself.