Regulation Going Backwards
Here’s another one of those stories that will make your blood pressure boil: Instead of moving forward with broad regulatory protections of economics system, we are undoing effective regulations that protect investors.Floyd Norris has the details....

Government Is Trying to Make Bailouts for the Giant Banks Permanent
In my opinion, Geithner’s proposal is “TARP on steroids.” Section 1204 of the proposal [the proposal being the "Resolution Authority for Large, Interconnected Financial Companies Act of 2009"] allows the executive branch to use taxpayer money to...

Why the Obama White House Cannot Reform Wall Street
“The guy’s a giant, he’s a genius, he is a great human being.Whenever he has advice, the administration is very interested.” -Austan D. Goolsbee, counselor to President Obama>Let us stop to ask ourselves a simple question: Can the Obama...

Much Ado About Nothing $23B: Goldman Sachs Bonus
Its time for the quarterly hand-wringing amongst the populace regarding the over-sized bonuses at Goldman Sachs. This Q, its a mere $23B.The focus on the bonuses of top performing traders and investment bankers is misplaced. There are many, many things...

Debunking the “Too Big To Fail” Myth
Washington’s Blog strives to provide real-time, well-researched and actionable information. George – the head writer at Washington’s Blog – is a busy professional and a former adjunct professor. ~~~As MIT economics professor and former IMF...