Posts by 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
Once again, Detroit’s tragic circumstances provide a window on the state houses and governors that were captured by right wing ideologues in the 2010 elections and are now at odds with urban (read “...
July 16, 2014 | Wallace Turbeville
Citibank settled the Justice Department’s mortgage market investigation yesterday, agreeing to pay $4 billion in civil penalties, $500 million in penalties to various states and $2.5 billion in “soft...
July 15, 2014 | Wallace Turbeville
Income and wealth disparity has emerged as a critical economic and political issue for the US. At its core, it is a discussion of how we measure whether the economy is increasing or decreasing the...
June 6, 2014 | Wallace Turbeville