Risky Business – Paul Krugman on Wall Street Regulation

May 14, 2012 · 0 Comments

Demonstrators from the Occupy Seattle movement protest outside the Sheraton Hotel where JP Morgan Chase Chief Executive Officer Jamie Dimon was due to speak at the "Business Leadership Celebration" on Nov. 2, 2011.

By Marie Burns: In today’s New York Times, economist Paul Krugman joins the chorus of experts warning against allowing too-big-to-fail banks to engage in risky business, especially with other ...

Occupy the SEC to Jamie Dimon: We Told You So

By Occupy the SEC: Jamie Dimon’s plan to enfeeble the Dodd-Frank reforms, specifically the Volcker rule, has blown up spectacularly. Apparently JPMorgan was so confident that their interpretation of the hedging exemption would prevail, that they got ahead of themselves and operated as if this loophole were in effect.

Grasping at Chinese straws

By Jeff Faux: The Commerce Department released another depressing report on the U.S. trade deficit this morning, our monthly reminder of the huge gap between globalization’s economic reality ...

This I Believe – David Brooks on the Economy

By Marie Burns: In his New York Times column today, Brooks speaks of his “belief” in structuralism: This is appropriate, as structural purity at the expense of cyclical controls is a belief system as strong and as fact-free as was 16th-century Christianity.