Posts by Wallace Turbeville

Once again, maybe for the last time, Senator Carl Levin and the Permanent Subcommittee on Investigation has demonstrated how government, and the legislative branch in particular, can work in the...
November 21, 2014 | Wallace Turbeville
Last year, the Daily Show hilariously lampooned the Goldman Sachs “merry-go-round of metal” in which the firm uses its ownership of the major Midwest aluminum warehouse (think auto manufacturing and...
November 20, 2014 | Wallace Turbeville
The largest municipal bankruptcy in history has come to a close in Detroit after a year of proceedings, ending in a flurry of compromise. Yet there was plenty of conflict in the last year, far more...
November 7, 2014 | Wallace Turbeville
This American Life’s broadcast of recordings made by a former New York Fed employee has generated a wave of interest in the issue of regulatory capture of the Fed, a sort of “Stockholm Syndrome” that...
October 2, 2014 | Wallace Turbeville
The City of Detroit’s groundbreaking bankruptcy proceeding enters what may be its final phase this week. The court will conduct hearings over the next month or so to decide whether to approve the...
September 3, 2014 | Wallace Turbeville
This year, Labor Day came on the heels of the annual Jackson Hole conclave of central bankers.
September 3, 2014 | Wallace Turbeville
The water war in Detroit has taken a new turn. The emergency manager (the virtual city dictator appointed by the governor) shut off thousands of customers of the Detroit Water and Sewerage Department...
July 29, 2014 | Wallace Turbeville
As fourth anniversary of the enactment of the Dodd Frank financial reform legislation passes, we are once again revisiting whether “too-big-to-fail” is in our past. The perennial discussion has...
July 22, 2014 | Wallace Turbeville