Daniel's Feed
Jul 11, 2013

Congress could force Yellen over Summers at Fed

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)

By Daniel Indiviglio

WASHINGTON, July 11 (Reuters Breakingviews) – Politics, more
than skill, may be the deciding factor in who gets to run the
Federal Reserve should Chairman Ben Bernanke leave when his term
expires in January. And on that note, the U.S. Congress may find
Janet Yellen preferable to Larry Summers. Setting aside the
candidates’ strengths or weaknesses, President Barack Obama
needs to figure out who can actually pass muster with his
cantankerous legislative body.

May 20, 2013

Wall Street lobbyist finally gets with the program

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)

By Daniel Indiviglio

WASHINGTON, May 20 (Reuters Breakingviews) – Wall Street’s
top advocacy group is finally getting with the program. The
Securities Industry and Financial Markets Association (SIFMA)
announced on Monday that it has hired two former members of
Congress to run the ship. The previous leadership under Tim
Ryan, a former banker who has returned to JPMorgan (JPM.N: Quote, Profile, Research),
scored some successes battling new rules. But using former
politicians to sweet-talk regulators and try to improve the
image Main Street has of the industry could be a better
strategy.

May 1, 2013

Fannie/Freddie buyout plan needs killing off

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)

By Daniel Indiviglio

WASHINGTON, May 1 (Reuters Breakingviews) – A plan for
private firms to buy Fannie Mae (FNMA.OB: Quote, Profile, Research) and Freddie Mac
(FMCC.OB: Quote, Profile, Research) needs killing off. The new-found profitability of the
U.S. mortgage finance behemoths has inspired a few big hedge
funds, including Paulson & Co and a Carlyle Group (CG.O: Quote, Profile, Research) fund,
to suggest that Uncle Sam should sell them the two companies,
according to Bloomberg.

Apr 12, 2013
via Breakingviews

Whatever happened to the inflation “Weimarists”?

Photo

By Dan Indiviglio
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Whatever happened to predictions the United States would soon experience Weimar Republic-like inflation? When the Federal Reserve kicked off its massive stimulus campaign, critics invoked this dark period of modern German history and its images of wheelbarrows full of valueless cash. Four years later, only the most stubborn hawks still fear such hyperinflation. Consistently low price growth has made Ben Bernanke’s easing look safe – so long as his exit works.

Mar 28, 2013

New chief US bank lawmaker needs minimal conflicts

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)

By Daniel Indiviglio

WASHINGTON, March 28 (Reuters Breakingviews) – Less is more
when it comes to the new top American banking lawmaker. The next
chairman of the Senate Banking Committee needs to minimize
conflicts of interest with the industry the body oversees,
giving Ohio’s Sherrod Brown the edge over his New York
counterpart Charles Schumer. Brown may have some fringe views
about breaking up banks, but he’s more likely to challenge the
status quo than a friend of Wall Street.

Mar 18, 2013
via Breakingviews

Cure for U.S. housing malaise may sustain disease

Photo

By Daniel Indiviglio
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The cure for the U.S. housing malaise may sustain its disease. A new Senate bill seeks to forbid Congress from raising Fannie Mae and Freddie Mac’s mortgage guarantee fees to pay for federal spending. It sounds sensible. But in the alternate universe that is Washington, it may kill one of the few ways available to reduce taxpayer support for housing and bring back private capital.

Mar 12, 2013

Small U.S. banks have too-big-to-fail obsession

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)

By Daniel Indiviglio

WASHINGTON, March 12 (Reuters Breakingviews) -
T oo-big-to-fail still looms large for America’s community banks,
despite the best efforts of lawmakers. At the Independent
Community Bankers of America annual gathering this week, the
little guys, who make up the bulk of American bank charters if
not assets, will argue that Dodd-Frank failed to do the trick. A
study citing an $83 billion subsidy and the U.S. attorney
general admitting some banks are too big to jail re-energized
their opposition. But the small fries would be better off
focusing on their businesses.

Mar 8, 2013
via Breakingviews

Financiers failing own version of Hippocratic Oath

Photo

By Daniel Indiviglio
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Financiers are failing their version of the Hippocratic Oath. They aren’t taking the necessary measures to keep client money safe, the U.S. Securities and Exchange Commission warns. The failure is as basic as doctors not washing their hands, despite reminders from the likes of Refco and MF Global. The extent and severity of the problem should worry customers and investors alike.

Mar 1, 2013
via Breakingviews

Review: Conscious companies can revive capitalism

Photo

By Daniel Indiviglio
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Free markets often get the blame for such troubling outcomes as inequality, corporate scandals and economic crises. In “Conscious Capitalism,” Whole Foods co-founder and co-CEO John Mackey and business professor Raj Sisodia argue that economic liberty needs a reboot.

Feb 28, 2013
via Breakingviews

U.S. budget cuts more blip than bomb

Photo

By Daniel Indiviglio
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

For all the rhetoric from both political parties, the impending U.S. budget cuts are more a blip than a bomb. An initial $100 billion-worth of federal spending reductions won’t do much real damage to the growing economy.

    • About Daniel

      "Daniel Indiviglio is a Reuters Breakingviews columnist, based in Washington, where he covers the intersection of politics and business. He joined from The Atlantic, where he covered a similar beat, providing analysis on topics such as financial regulation, housing finance policy, the Treasury, and the Fed. He also wrote for Forbes. He is a 2011 Robert Novak Journalism Fellow through the Phillips Foundation. Prior to becoming a journalist, Dan spent several years working as an investment banker and a consultant for financial services firms. He holds a BA from Cornell University, where he triple majored in economics, philosophy and physics. ..."
    • Follow Daniel