Monetary System

Goldman Sachs is launching an aggressive response to its political and legal challenges with an unlikely ally at its side — President Barack Obama’s former White House counsel, Gregory Craig. The beleaguered Wall Street bank hired…

You can get some pretty good mortgage deals in Canada these days Today I got this drift via this intrusive banner advert from CIBC. Clearly CIBC wants you to see this advertisement. The deal is 4.74 fixed with 2% cash back if you switch…

This is THE issue that everyone wants to know. When I wrote the The politics of the Goldman fraud case and referred to "leeway in how to proceed later against Goldman and other firms using the same practice," I meant that it was…

Chris Whalen of Institutional Risk Analytics talks about how the shift in power from I-banking to trading at firms like Goldman has invariably led to conflicts of interest where clients do not come first, something I first broached last…

This morning I attended a breakfast on financial reform hosted by the Agenda Project's Erica Payne. The purpose was to crystallize the issues most pertinent to the financial reform debate in these crucial weeks leading up to full Senate…

When I first wrote about the case against Goldman Sachs for fraud on Friday I said that my reaction was "largely positive" as fraud was a major factor in what led to crisis and it is high time regulators started to acknowledge this.…

To be an economist these days is a rare privilege and especially; it is a privilege to be a blogging economist since there is just so much good material to write about at the moment. On the one hand, there is the unfolding unravelling of…

China is self-evidently both a minefield and a potential graveyard for would-be global economists, the sort of place where reputations are made and lost in the twinkle of a dragon’s eye, so I think had better tread rather carefully here.…

Goldman's Abacus 2007 AC1 Indicative Terms

I just posted on Goldman's fraud charges this morning with my article "SEC Charges Goldman Sachs With Fraud; May The Perp Walks Begin." Below are my (now updated) thoughts on the case having seen more of the information…