Financial Reform

Imagine that you're trying to make an extremely complicated decision. You want to understand the facts and do the right thing. At one ear, you have someone -- perhaps a former colleague -- who whispers you highly detailed advice six times a day, cajoling and pleading. At the other ear, is someone...
06/05/2013
Blog
Three developments in finance cropped up in the last days that must be read as a single story. First, Blankfein, Dimon and the rest of the Wall Street bigwigs visited the White House to meet with the President and his team. That team consisted of Denis McDonough (Chief of Staff); Valerie Jarrett (...
04/12/2013
Blog
Imagine a company that is among the most profitable in the world, with a long track record of making money hand over fist for years on end. Except there is only one problem: As big as the profits are, they are no longer getting bigger quarter after quarter. The company has reached a plateau, at...
01/24/2013
Blog
Nobel economist Joseph Stiglitz made some critically important observations in the Sunday New York Times. He pointed out that income disparity is a cause of the maddeningly slow recovery from the effects of the Great Recession, not merely a consequence of it. He drew parallels to the income...
01/22/2013
Blog
The United States isn't the only country that has a problem with giant banks that take too many risks, are not transparent, and are effectively above democratic oversight. The U.K. has the same problem, and in fact, that country's economy is even more financialized than the U.S.'s -- with all the...
01/11/2013
Blog
Four years of intense debate and lobbying concerning the reform of the financial markets has produced historic legislation that, as implemented, moves us closer to prudent and transparent financial markets. But the new regime falls short in important ways. A central reason is that the connection...
11/19/2012
Blog
Timothy Geithner has said that he'll step down as Treasury Secretary at the end of Obama's first term. Assuming that Mitt Romney keeps self-destructing and Obama wins a second term, who should succeed him? Just as Obama's choice in 2008 of an economic team led by Larry Summers and Tim Geithner told...
09/24/2012
Blog
It seems reasonable to ask that this law, which would give the Executive Branch the power to extend its version of cost-benefit analysis to independent agencies, show that its benefits are greater than its costs.  A close analysis of the proposal’s impact on the financial sector shows that it...
09/12/2012
Publication
We, the undersigned consumer, small business, labor, good government, financial protection, community, health, environmental, and public interest groups - strongly urge you to oppose S. 3468, the Independent Agency Regulatory Analysis Act of 2012. This legislation is likely to be marked up in the...
09/07/2012
Publication
Should Dodd-Frank be overturned, the financial industry stands to make (with government backing, of course) a ton of money. It’s unsurprising that its repeal has become a centerpiece of the 2012 campaign, with Wall Street donating far more to candidates who want to overturn or weaken the law. What...
09/06/2012
Blog
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