The Great Debate UK

from The Great Debate:

Let sleeping shadow banking systems lie

By J Saft
March 6, 2009

James Saft Great Debate -- James Saft is a Reuters columnist. The opinions expressed are his own --

Rather than vainly trying to refloat the shadow banking system, the U.S. would be better off grappling with the inevitable ultimate solution -- debt destruction and inflation.

from The Great Debate:

Don’t bet on Asians imitating Americans

By J Saft
March 4, 2009

James Saft Great Debate -- James Saft is a Reuters columnist. The opinions expressed are his own --

Asia's calamity is that Americans are imitating frugal Asians a lot faster than Asians can become free-spending Americans.

from The Great Debate:

Redefining the sacred in the banking rescue

By J Saft
February 27, 2009

James Saft Great Debate -- James Saft is a Reuters columnist. The opinions expressed are his own --

Another week, another set of protestations that U.S. banks will remain in private hands, apparently almost regardless of the consequences.

from The Great Debate:

A revenue and legalization lesson from FDR

By J Saft
February 25, 2009

James Saft Great Debate -- James Saft is a Reuters columnist. The opinions expressed are his own. --

(Correcting name of academic to Peter Reuter on Feb 27)

Want to help fund the bank bailout, ease California's budget crisis and shore up strained U.S. finances? Legalize drugs, tax the trade and save on interdiction, domestic enforcement and the prison and court system.

from The Great Debate:

Let housing find its clearing price

By J Saft
February 20, 2009

James Saft Great Debate -- James Saft is a Reuters columnist. The opinions expressed are his own --

The U.S. government should just get out of the way and allow the crash in U.S. housing; the market is too big, has too far to fall and Americans' finances are too strained.

from The Great Debate:

Geithner’s hair of the dog plan for banks

By J Saft
February 18, 2009

jimsaftcolumn-- James Saft is a Reuters columnist. The opinions expressed are his own. --

U.S. plans for a public-private fund to buy up toxic assets are likely to amount to a fig leaf with which to hide subsidies to failing banks.

from The Great Debate:

Goodbye bonuses, hello hedge funds

By J Saft
February 11, 2009

James Saft Great Debate -- James Saft is a Reuters columnist. The opinions expressed are his own --

The argument about bank bonus payments is as sterile as it is backward looking; compensation at government insured institutions is going nowhere but down.

from The Great Debate:

Saving the economy from our brains

By J Saft
February 6, 2009

James Saft Great Debate -- James Saft is a Reuters columnist. The opinions expressed are his own --

Our brains are wired for bubbles, it would appear, and regulation and tight external controls are the only way to save ourselves from ourselves.

from The Great Debate:

Play by the rules, close failing banks

By J Saft
February 3, 2009

James Saft Great Debate -- James Saft is a Reuters columnist. The opinions expressed are his own --

Why not just play by the existing rules and rescue the economy, rather than the banks and their foolish shareholders and counterparties?

from The Great Debate:

The end of the Davos consensus

By J Saft
January 30, 2009

-- James Saft is a Reuters columnist. The opinions expressed are his own --

James Saft Great Debate It's not exactly a wake, but participants at this year's World Economic Forum have witnessed many of their most cherished beliefs being challenged, upended and sometimes ground in the mud.