archive

Financial Reform 101

J. Lawrence Broz (UCSD): Partisan Financial Cycles ("The Right creates financial crises, the Left gets to clean up"). The stock market who cried wolf: Daniel Gross on a brief history of alarmist — and wrong — Wall Street predictions about the effect of new regulations. If banks aren't fighting the financial regulatory bill tooth and nail, then you know the reform isn't worth the paper it's written on. Fixes for the financial system: From out there in academia, there are lots of creative proposals (not that they’ll ever be enacted). Don't wait for reform: There's already a law on the books that holds Wall Street CEOs and executives to account — now it needs to be enforced. Financial Reform 101: Paul Krugman on a brief guide to the debate over financial reform (and more and more) and on six doctrines in search of a policy regime. There is no mystery about how to simplify the financial system — the main obstacles are political. Martin Wolf on the challenge of halting the financial doomsday machine. From The New Yorker, James Surowiecki on why investors never learn; and John Cassidy on Goldman Sachs and Wall Street reform. When it comes to its role in the financial crisis, Goldman Sachs has a message for the world: Not guilty, not one bit. Noam Sheiber on the inside story of how Goldman and the banks are getting clobbered on financial reform. The Goldman Casino: Do investment banks do anything that helps America anymore? Matt Taibbi on how Goldman Sachs's cult of self-interest is on trial against the whole idea of civilisation — the collective decision by all of us not to screw each other over even if we can. If we have an honest-to-goodness democracy, where the people really rule, then how can we explain Goldman Sachs? (and more) An excerpt from The End of Wall Street by Roger Lowenstein.