From Vanity Fair, in 2006, Henry Paulson reluctantly became Treasury secretary for an unpopular, lame-duck president — history will score his decisions. Lecturing Bernanke: The Fed chairman's old teacher Stanley Fischer worries that Washington isn't fixing the too-big-to-fail issue. Has the Federal Reserve responded too slowly to macroeconomic conditions during the crisis? Seth Hettena reviews In Fed We Trust: Ben Bernanke's War on the Great Panic by David Wessel (and more and more and more and more and more). What’s the biggest challenge Mr. Bernanke faces in his second term? Alan Blinder on the Fed's political problem: How politics threatens U.S. monetary policy. Are the golden years of central banking over? From The Nation, dismantling the Temple: William Greider on how to fix the Federal Reserve; and in naming Phil Angelides as chair of the new Financial Crisis Inquiry Commission, Congress has picked an aggressive, visionary reformer. Luigi Zingales on a new regulatory framework: Three agencies, based on the three main goals of financial regulation. Sheila Bair on the case against a super-regulator. Taming Wall Street Cowboys: American for Financial Reform, a new advocacy group, heads to Capitol Hill to counter financial industry lobbyists hungry for deregulation.
