Nov 18, 2013
Who was more wrong in the run-up to the financial crisis of 2008: the Federal Reserve or Moody's Investors Service? This isn't an academic question; both organizations are still hugely relevant to shaping the way we see our financial system and the risks it contains.
Nov 8, 2013
The Boston Red Sox have won the World Series three times since 2004. This seems a good time to ask: How many times will they win it all this century?
Oct 23, 2013
A new injustice plagues the land, at least according to people who take the side of JPMorgan Chase & Co. and its chief executive officer, Jamie Dimon, after the bank's tentative agreement to pay a record $13 billion to end civil claims related to its sales of mortgage bonds.
Oct 22, 2013
There continues to be a forceful economic debate about the cost of financial companies that are regarded — by officials and by credit markets — as "too big to fail."
Oct 8, 2013
In any negotiation, it is inadvisable to make threats that aren't credible. Probably the only thing worse is to threaten actions that will end up helping the other side.
Sep 27, 2013
There are three straightforward and rather obvious lessons from the collapse of Lehman Brothers five years ago: The financial crisis was devastating; we haven't ended the problems associated with "too big to fail" financial institutions; and we must force the biggest banks to break up.
Sep 9, 2013
Throughout the Federal Reserve's 100-year history, the Senate has generally deferred to the president's choice of leader for the central bank. If Larry Summers is picked for the job, however, the debate around his nomination would be unlike any that has come before.
Sep 4, 2013
Every age has great debates on its defining questions. Sometimes these disputes are on a grand scale: capitalism versus communism. Sometimes they concern details that puzzle later generations: Summarize the main points of contention in the Thirty Years' War, without consulting Google.