The Great Debate

‘Random refereeing’ of economy is not what’s stagnating it

August 3, 2010

Apparently, the U.S. economy is being held back by massive uncertainty over new regulation, future taxation and the deficit and how it will be handled, a state so frightening and confusing that investors won’t invest, businesses won’t hire and nervous consumers have taken to their beds.

The slow death of the regulatory state

June 4, 2010

At a time when public spending and deficits are ballooning on both sides of the Atlantic, taxes are rising and governments are enacting far-reaching reforms to financial regulation, healthcare and carbon emissions, it might seem strange to talk about the withering away of the state as an economic and industry regulator.

America needs sensible, bipartisan financial reform now

By Rob Nichols
April 22, 2010

– By Rob Nichols is president & COO of the Financial Services Forum. The views expressed are his own. —

Wall Street’s biggest trade of the year

April 15, 2010

Wall Street’s famed army of lobbyists does not seem to have had much success pushing back on the regulatory overhaul bills now being considered by the U.S. Congress.

Obama bank plan is good policy, good politics

January 22, 2010

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

President Barack Obama’s proposed curbs on bank size and proprietary risk-taking will be criticised for being vague, hard to implement, and focusing on issues that were only part of the cause of the recent crisis.

from Commentaries:

Why banks should welcome “living wills”

September 15, 2009

A year after Lehman Brothers collapsed, policymakers are still getting to grips with the key question raised by the Wall Street firm's fall: how to ensure that the failure of a large bank does not jeopardise the entire financial system.

from Commentaries:

Wall Street’s $4 trillion kitty

August 24, 2009

matthewgoldstein.jpgThe Obama administration's plan for reining in derivatives leaves unchecked one of Wall Street's dirty little secrets: the ability of a derivatives dealer to redeploy cash collateral that gets posted by one of its trading partners.

from Commentaries:

CIT is a warning sign

July 13, 2009

agnes1If it's not a risk to the financial system, let it fail.

That's the message from the government's reluctance to swoop in and bail out one of the nation's biggest commercial lenders, CIT Group Inc, as it struggles to stay afloat. But even though CIT doesn't have the firepower to take down the global financial system, its failure would certainly be felt by some of the struggling small businesses that rely on its financing.

from Commentaries:

Obama loves hedge funds

June 17, 2009

Matthew GoldsteinThe big winner in the Obama administration's financial regulatory reform package is the beaten-up hedge fund industry.

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.