Tag Archive for too big to fail

thirteen ways of looking at a whale

Wallace Stevens’ Thirteen Ways of Looking at a Blackbird came to mind Friday while watching bankers and regulators testify before the Senator Levin-lead bipartisan subcommittee hearing on “JPMorgan Chase Whale Trades: A Case History of Derivatives Risks and Abuses.” I…

nailing naked nonsense

Teaching and research distractions have again kept me from blogging for a while.  I guess my defense is that learning the facts is always an important precursor to writing about them. This morning, however, I decided to divert from class…

real reform in britain?

This morning the British Independent Banking Commission (ICB) released its long-awaited Final Report. Given the clear direction signalled by the ICB in its Issues Paper: Call for Evidence released a year ago, the recommendations in the report had already been…

taking on the juggernauts

In Britain some fairly bold moves are afoot for addressing the great social, political and economic problem of the ultra large banks. This morning the Independent Commission on Banking (ICB) released its Interim Report, which lays out a range of…