… give or take
// It was bound to happen. Goldman Sachs was far too successful and prominent to avoid an investigation by regulators in the aftermath of massive financial crisis. And since nobody considers that the economic system itself might be to blame for the crisis, what better scapegoat is there? Surely, there’s nothing systemically flawed with the [...]
// The FT runs an interesting piece today advocating a three-way split for financial institutions. Rather than the simpler two-way division between investment and commercial banking that many, including the Bank of England’s Mervyn King, have proposed, a three-way division would allow for the separation not just of the “casino” (investment banks, market makers) from [...]
// Paul Krugman today reminds us that the big banks and financial institutions that played a key role in the current economic crisis have been getting back to their old tricks of unwise risk-taking, anti-regulation lobbyism, and accounting hocus-pocus for months now. What is extraordinary about the current crisis is that it has produced massive [...]
