James Pethokoukis

A timeline for the financial crisis

January 4, 2010

Responding to Ben Bernanke’s defense of Fed interest rate policy, my pal Barry Ritholtz lays out a crisis timeline (the only thing missing is various US housing policy initiatives):

Where financial regulatory reform is heading

December 15, 2009

The future of U.S. financial reform seems destined to track closely the path of that other major effort winding its way through Congress, healthcare. As a result, what came out of the House of Representatives with a narrow majority on Friday may be far more ambitious than what the Senate could possibly pass.

Obama vs. Wall Street

December 14, 2009

A few thoughts on the banker summit at the White House:

1) Some banks were already trying to boost small business lending, such as Goldman Sachs and JPMorgan.

The UK banker bonus supertax

December 10, 2009

I don’t see this happening in the US.  I mean, the effort to raise taxes on private equity carried interest, while passing the House, is going nowhere in the Senate. And that is far less controversial and a less stupid idea. And remember how the 90 percent tax on AIG bonuses fell flat back in March.  The one caveat, as Dan Clifton notes in an earlier post,  here is that 2010 is an election year and the combo of big bonuses  and high unemployment could cause endangered Ds to play the populist card and try something

Why bankers should worry in 2010

December 10, 2009

Already, the crazy ideas are returning, such as mortgage cramdowns. But more could be on the way in 2010, says the great Dan Clifton of Strategas (bank bonus tax, American version?):

8 reasons TARP is a bust

December 9, 2009

The oversight panel led by television funnywoman Elizabeth Warren has concluded that TARP has been asset for the economy. Except for this part (in the panel’s own words):

Geithner Resignation Watch: Jamie Dimon Edition

November 23, 2009

Here is what I know, or at least what I think I know after talking with slew of folks today (and an expanded take to come in a bit):

Here comes Sarah Palin and the anti-Wall Street GOP

November 20, 2009

Don’t interpret passage of the watered-down Kanjorski amendment as the peak of the “break up the banks” movement. It may be about to get some new allies on the right, folks tired of Big Government, Big Money and crony capitalism.

Just how much danger is Tim Geithner in?

November 20, 2009

When both Paul Krugman and the WSJ editorial page are hammering you, as they are Geithner, either you are doing something really right or really wrong.

‘A whole mess of crazy’ coming from Capitol Hill

November 20, 2009

That is how one Congress watcher from the financial industry describes the current state of affairs, from the Fed audit bill to calls for a transaction tax. I think this William Greider piece gets at the heart of it: