The Great Debate

Too many hopes pinned on EU bank

By Paul Taylor
February 24, 2009

paul-taylor– Paul Taylor is a Reuters columnist. The opinions expressed are his own –

It works more like a sprinkler than a power hose, but the European Investment Bank has a role to play in preventing a financial inferno from sweeping across central and eastern Europe.

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.

Tarp Two: New deal or no deal?

February 10, 2009

Treasury Secretary Timothy Geithner speaks during a news conference in the Cash Room of the Treasury Department in Washington, February 10, 2009.

The U.S. Treasury Department on Tuesday unveiled a revamped financial rescue plan to cleanse up to $500 billion in spoiled assets from banks’ books and support $1 trillion in new lending through an expanded Federal Reserve program. But initial market reaction reflected investors’ doubts about the plan, with stocks falling around 3 percent after the announcement by Treasury Secretary Timothy Geithner.

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?

Is the Fed up to examining your trillion dollar bet?

By Mark Williams
January 30, 2009

Mark_Williams_Debate– Mark T. Williams, a professor in the Boston University School of Management’s Finance & Economics Department, was a former Federal Reserve bank examiner in San Francisco and Boston. The views expressed are his own. –

Credit control will be much more intrusive in future

January 26, 2009

John Kemp Great Debate– John Kemp is a Reuters columnist. The views expressed are his own –

The international system of bank regulation, epitomised by the Basle II process and the light-touch principles-based regulation of Britain’s Financial Services Authority (FSA) has comprehensively failed.

First 100 Days: Fix the banks

January 23, 2009

morici– Peter Morici is a professor at the University of Maryland School of Business and former Chief Economist at the U.S. International Trade Commission. The views expressed are his own. —

UK suffers from banks’ Darwinian hibernation

By J Saft
January 7, 2009

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

Britain’s banks are fulfilling their Darwinian role, to survive, rather than their economic one, to lend, and there is no easy or painless way out.

from Reuters Editors:

And the band played on: covering the economic crisis

December 11, 2008

dean-150I recently visited one of the most frightening sites on the Web—the place where I look at my shrinking retirement account.

Banking spins destruction myth: Hoocoodanode?

By J Saft
December 5, 2008

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

Just as every society has a creation myth, banking is now busily writing a destruction myth that seeks to explain and soothe in a world torn to its foundations.