The Great Debate

Big banks aren’t bad banks

By Mark Williams
February 2, 2010

— Mark T. Williams, a former Federal Reserve Bank examiner who teaches finance at Boston University School of Management, is the author of the soon to be published “Uncontrolled Risk” about the fall of Lehman Brothers. The views expressed are his own. –

There’s no way to hedge politics

January 26, 2010

Ben Bernanke in peril and the Volcker crackdown on proprietary trading by banks show two truths of the current dispensation: there is no effective hedge against politics and the reflation trade rests on fragile foundations.

from The Great Debate UK:

Glass-Steagall Lite, brewed by Volcker, served by Obama

January 25, 2010

Laurence Copeland

- Laurence Copeland is a professor of finance at Cardiff University Business School and a co-author of “Verdict on the Crash” published by the Institute of Economic Affairs. The opinions expressed are his own. -

from Rolfe Winkler:

Money market funds aren’t cash!

August 26, 2009

Paul Volcker wants to kill money market funds. He says that investors don’t understand them and that the funds could crash the financial system. He’s right.