regulation

The New York Times published a column by its leading financial experts, Gretchen Morgenson and Louise Story, on November 22, 2011 which contains a spectacular charge against the Obama administration's financial regulatory leaders. I have waited for the rebuttal, but it is now clear that the...

Steven J. Davis, Senator McCain's chief economics advisor during his presidential campaign, has written a political hit piece on the man that defeated his candidate. His co-authors were Scott R. Baker and Nicholas Bloom. For the sake of brevity I will refer to the authors as “the authors” or “...

By Satyajit Das The key element of derivative market reform is a central clearinghouse, the central counter party ("CCP"). Standardized derivative transactions must be cleared through the CCP that guarantees performance, reducing the risk of market participants defaulting on obligations. The CCP...

The Chairman of a 10-member inquiry commission given subpoena power by Congress in order to carry out the task of examining the nation's financial crisis and discovering its causes had strong words for the CEOs of some of the nations top banks. "How do you go to the rating agencies and persuade...