Julia Ioffe’s TNR profile of Nouriel Roubini is better than most, if a little bit on the fawning side; it’s noteworthy for delving more into his biography and background than other profiles of Nouriel that I’ve seen. It also ends with a glimmer of optimism:
David Reilly reckons we should have bankers overseeing banks:
Only about 15 percent of directors have banking experience at the 10 largest U.S. commercial banks by assets, according to my own analysis. Include directors with investing, accounting, insurance or real estate backgrounds and the rate creeps up to only 33 percent…
Depressing news from Christina Lewis today: we’re entering yet another round of unhelpful bickering between the Port Authority and Larry Silverstein over the future of the World Trade Center site. What we desperately need is a strong New York governor willing to knock heads together — but we didn’t have that in George Pataki, and we certainly don’t have it in David Paterson.
The WaPo all-star team of Zachary Goldfarb, Binyamin Appelbaum and David Cho broke the news this evening that Elizabeth Warren’s dream of a Financial Product Safety Commission is likely to become reality, thanks to the Obama administration. The WSJ’s Damian Paletta then did a fantastic job with his follow-up (although weirdly Warren’s name is nowhere to be seen):
According to Ecuador’s finance minister — and there’s no reason not to believe her — there’s been “excellent” take-up of her offer to buy back Ecuador’s 2012 and 2030 bonds at somewhere in the neighborhood of 30 cents on the dollar. As Reuters’s Maria Eugenia Tello notes,