Commentaries

Bankslaughter

July 1, 2009

There are criminal investigations into the events of the recent financial crisis. The two managers of the Bear Stearns hedge funds that blew up in the summer of 2007 have been indicted in Brooklyn, and more cases in other venues and more charges against executives will certainly be brought.

Tough questions after Madoff

June 29, 2009

Even as Ponzi king Bernard Madoff goes away to prison for the rest of his life and then some, there are still so many unanswered questions — both big and fundamental.

Events, dear boy, events

June 25, 2009

Several blogs have pointed to a pair of fascinating timelines on the U.S. financial turmoil and on the international response to the crisis that were produced by the Federal Reserve Bank of New York.

from FaithWorld:

Sarkozy dons burqa to camouflage reform agenda

By Paul Taylor
June 22, 2009

sarkozy-speechIn a column last week, I noted how Nicolas Sarkozy was a master at signalling left while turning right. Well, in his keynote address to both houses of parliament today, the conservative president went a step further. He summoned up the burqa to camouflage his real intention -- relaunching a drive to reform France's ossified social, education and tax system.

Regulation as will and idea

June 18, 2009

It is somewhat strange that a disgraced elected official has now repositioned himself as an expert commentator on financial regulation, but that is exactly what Eliot Spitzer, the former New York governor, has done.  His most compelling article for Slate to date is a critical look at the Obama administration’s proposed financial overhaul.

Mervyn King’s uncomfortable sermon for the City

June 18, 2009

Did Mervyn King miss his true vocation? Last night he compared the Bank of England to a church – with the Governor as the priest – as he took to the Mansion House pulpit to pour a rhetorical bucket of cold water over guests at the Lord Mayor’s banquet.

Talk about an understatement

June 17, 2009

Is this what we’re calling reckless risk-taking these days? Dealbook reports that Goldman Sachs chief Blankfein apologizes to U.S. legislators for participating in the “market euphoria” that led to the financial crisis.