Unstructured Finance

Goldman doesn’t need to be guilty, just smelly

April 20, 2010

If Goldman’s business starts suffering from the stain of the SEC’s lawsuit after a stellar quarter of earnings, the investment bank’s role in the rehabilitation of the financial sector could look more like a quadruple bypass at the heart of the matter.

The case for an uber-regulator

September 2, 2009

FDIC chief Sheila Bair banged the gavel loudly this week with her op-ed piece in the New York Times railing against calls for a single regulatory body to oversee the many complex and disjointed elements of the financial marketplace. It seemed a bit odd. Even before Obama backed Ben Bernanke for another run at the helm of the Fed, it didn’t seem that anybody was seriously pushing for the creation of such a mighty organ of government. White House moves to streamline banking regulation – which Bair supports – are probably at the root of concerns about overconsolidation.

GE’s Immelt’s subtle defense

June 26, 2009

General Electric Co Chief Executive Jeff Immelt went to Michigan, the bleeding heart of the U.S. industrial heartland, on Friday to call for a resurgence in American manufacturing.Jeffrey R. Immelt, Chairman and CEO of General Electric, speaks after being honored by the national non-profit group "A Better Chance" in New York
But even as he warned against relying too heavily on the financial industry to drive economic growth, he subtly set up a defense of the largest U.S. conglomerate’s hefty finance arm.

GM, Rewind before hitting fast forward

June 1, 2009

A quarter century ago, when GM was first experimenting with Toyota-style lean manufacturing, then-GM board member Ross Perot famously complained that “Revitalizing GM is like teaching an elephant to tap dance.”