THE MORE YOU READ ABOUT IT, THE WORSE DODD-FRANK GETS
No one is better than Peter Wallison at explaining what a disaster Dodd-Frank is. Here, he shows how the expanded liquidation authority the law grants the…
ALSO, THIS DOES NOT REFLECT AT ALL WELL ON NEW JERSEY VOTERS, EITHER
As more details emerge from last fall’s collapse of MF Global, I keep expecting to read a version of events that corrects key parts of the…
SOME MAGICAL THINKING FROM CHICAGO
Luigi Zingales seems to think the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act, which made it harder for borrowers to discharge their debts via bankruptcy,…
TICK-TOCK, SAYS THE BUYOUT CLOCK
Private equity firms have $900 billion in dry powder to invest, the Deal Professor reports. That’s in addition to the record $1.24 trillion of cash sitting…
REMINDER: CERTAIN TYPES OF LOSSES NOT MORE EQUAL THAN OTHERS
I don’t think I buy Sallie Krawcheck’s line that “complexity . . . defines Wall Street and forms some of finance’s highest barriers to entry.” Maybe…
THIS PROBABLY ISN”T WHAT THE PEOPLE WHO WROTE THE VOLCKER RULE HAD IN MIND
Not to worry. Brian Moynihan isn’t about to make the same mistakes Jamie Dimon did: Moynihan pointed out that BofA has nearly 90 percent of its…
THE GOOD OLD DAYS OF GLASS-STEAGALL. LET’S RECALL THEM, SHALL WE?
Andrew Ross Sorkin wonders what it is exactly that causes financial crackups. Crazy proprietary trading, maybe? Why, no. It’s the lending! Why do we have financial…
MORE BRING-BACK-GLASS-STEAGALL BLATHER. IT’S STILL WRONG.
Misguided Glass-Steagall nostalgia, part II: Lynn Short, a professor of business law at Cornell, doesn’t seem to know what in blazes she’s talking about: History tells…
CDS’S ARE INSURANCE. REGULATE ‘EM THAT WAY.
I look forward to a growing chorus of voices arguing that credit defaults swaps, being essentially insurance contracts, be regulated as insurance. This piece, by Tom…
CONFIRMED: THERE IS NO END TO THE AMOUNT OF NONSENSE JONATHAN WEIL IS CAPABLE OF CHURNING OUT
I understand that Jonathan Weil has deadlines to fill, but the conceit of his latest column, posted under the headline, “How JPMorgan Is Like Enron,” is…