regulation

We are now hearing former Merrill Lynch CEO Stan O'Neal's side of the story for the first time since he resigned in October 2007. In a story by William Cohan in Fortune Magazine, O'Neal paints a picture of Merrill's fall from grace that at…

JPMorgan Chase had a blowout quarter for earnings. We're talking earnings of $3.3 billion for the quarter here.  That's up over 50% from last year's already high $2.1 billion. Does that signal an increase in lending? No. If you read…

Embedded is a report by Thomas Ferguson and Jie Chen of the Roosevelt Institute which sought to determine the likely cause of the epic Scott brown victory in Massachusetts Senate Race. Their analysis points to economics as the overriding…

I hadn't intended to write this post, but I caught the back end of a lot of chatter about the Swedish banking crisis response and needed to set the record straight on what actually happened in Sweden. Andrew Ross Sorkin wrote what I would…

Marshall Auerback here with some further thoughts from the Institute for New Economic Thinking’s recent kick-off conference at Cambridge University. It might appear ironic to commence a conference ostensibly centered on new economic…

Second Mortgages Vex Borrowers - WSJ.com U.S. Says Regulators Feuded Over WaMu for Years - NYTimes.com Tim Duy's Fed Watch: Stuck in the Middle FT Alphaville - Tracy Alloway - Robbing Pedro to pay Paul (of Greece) … AIG,…

These videos are from the Inaugural Institute of New Economic Thinking (INET) conference in Cambridge. Hat Tip Mark Thoma.

It seems Ron Paul is on to the Obama neo-liberal con game

Marshall Auerback here with a report from King’s College, Cambridge, where some of the world’s policy makers and thought leaders are gathered to discuss a new direction for economics. Over the last thirty years, we have steadily moved from…

Former Citigroup CEO Chuck Prince made what could be considered the most infamous statement of this credit crisis when he said: "as long as the music is playing, you've got to get up and dance. We're still dancing." -Citi…