regulation

If you listen to the criticism from the right and from the left, from pro-regulation and anti-regulation pundits, you can understand the political constraints which produced the white paper which the President unveiled yesterday.  Given…

This is the video via Bloomberg News.  I will have more to say later today or tomorrow and provide a clip from a BBC Radio Five Live interview I did immediately following the speech.

Having read through the draft of President Obama’s financial regulatory proposal, my initial reaction is largely positive.  He sets the right tone and says all of the right things.  However, the devil is in the details and we will need to…

A full draft is now available at the New York Times here.  Speech is scheduled for 12:30PM with Obama speaking at 12:50PM.  I expect to be giving a reaction via BBC News Five Live at 1:20PM EDT/620 UK time.

This morning I was reading Simon Johnson’s excellent post “President Obama’s Regulatory Reforms Announcement: A Viewer’s Guide” about what Barack Obama should say when he makes his regulatory reform pitch today at 12:30 PM.  I agree…

Posner is touting his new book "A Failure of Capitalism: The Crisis of '08 and the Descent into Depression." This video with Charlie Rose runs just under 25 minutes.

The chain of events whereby easy money leads to malinvestment that impoverishes a society is now fully manifest in the United States.  You remember Victorville, CA where new homes were being demolished because it cost more to maintain them…

"In many ways the effect of the crash on embezzlement was more significant than on suicide. To the economist embezzlement is the most interesting of crimes. Alone among the various forms of larceny it has a time parameter. Weeks,…

If you thought the bailout of too big to fail institutions was a massive gift from taxpayers to captains of Wall Street, the news that TARP funds are being repaid should confirm your beliefs.  Just today the U.S. Treasury has agreed to…

Yesterday, I mentioned an e-mail from the FDIC clarifying statements on replacing bank executives by Chairperson Sheila Bair on Bloomberg's "Political Capital with Al Hunt". Below is the video which will allow you to see exactly what…