Back in December, a Reuters investigation examined the ties between economists who testify to Congress on financial regulation and big financial institutions.
From Europe to India, policymakers are grappling with the fallout from the harrowing, 20-minute stock market meltdown in May that was quickly dubbed the “flash crash”. Electronic markets are suddenly suspect. But will regulators try to reign in modern trading advances?
We’re getting a lot of good feedback on our special report on cozy ties between Wall Street and the Fed. As one Wall Street economist put it: “I’ve never seen the ‘Fed Alumni Association’ used more extensively for back-channel communications with the Street than has been the case since June.”