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Embedded Examiners Always Married the Natives, but Now Their Bosses Do Hook Ups
05/29/2012 - 11:53am

Jessica Silver-Greenberg and Ben Protess have written an extraordinarily important column for the New York Times about embedded examiners at JP Morgan. 

Will the New York Times' Reporters ever admit that European Austerity is the Problem?
05/20/2012 - 4:30am

The New York Times’ reporters covering Europe’s financial, social, and political crises continue to channel Berlin and demonstrate an ignorance of economics so profound that it rivals the Wall Street Journal’s editorial writers and columnists.

The Merkel Myths that are Devastating Europe
05/14/2012 - 12:49pm

German Chancellor Merkel wishes to stamp out any belief that there is a “magic bullet” to deal with the renewed euro zone crisis.  Merkel’s response to the crisis, however, is the fundamental cause of the second-stage of the crisis and it is the product of magical (un)realism – a series of economic myths that she asserts as if they were facts. 

New York Times Reporters need to Read Krugman's Columns
05/07/2012 - 4:07am

To know the Washington Consensus as a regular citizen is to hate the Consensus.  The Washington Consensus, as the name implies, was an “inside the beltway” series of neo-liberal policies embraced by the IMF, the World Bank, and the U.S. government.

Geithner channels Greenspan and Airbrushes Fraud out of our Crises
04/30/2012 - 5:40pm

On April 25, 2012, Treasury Secretary Geithner made remarkable statements about the role of elite financial fraud and greed in producing our recurrent, intensifying financial crises.

Mankiw's Ode to the Governmental Competition that Made Romney Wealthy
04/23/2012 - 6:38am

This is the second part of my discussion of N. Gregory Mankiw's column asserting that governmental competition is desirable for the same reason that private competition is.

Romney's Lead Economist Urges Policies that will Cause the Next Financial Crisis
04/16/2012 - 8:11am

Presidential nominees of either U.S. party can secure economic advice from any economist in the world.  This makes it all the more amazing and sad that they choose economists with track records of disastrous policy advice.

The Silver Anniversary of the "Keating Five" Meeting – Citizens United's Precursor
04/09/2012 - 6:12am

William K. Black

April 9, 2012 is the twenty-fifth anniversary of the most infamous savings and loan fraud, Charles Keating's successful use of five U.S. Senators to escape sanction for a massive violation of the law.  The Senators were Alan Cranston (D. CA), Dennis DeConcini (D. AZ), John Glenn (D OH), John McCain (R. AZ), and Donald Riegle (D.

We Were Regulators Once: Ed Gray's Finest Hour
04/01/2012 - 3:21pm

On April 2, 1987, four U.S. Senators met secretly with Federal Home Loan Bank Board (Bank Board) Chairman Edwin J. Gray in the offices of Senator DeConcini (D.AZ).

Bluto: Please Smash the Guitar and End the Bipartisan Deregulatory Kumbaya Chorus
03/25/2012 - 12:52pm

The imminent passage of the fraud-friendly JOBS Act caused me to reflect on the fact that the worst anti-regulatory travesties in the financial sphere have had broad, bipartisan support.  The Garn-St Germain Act of 1982, which deregulated savings and loans (S&Ls) and helped drive the debacle, was passed with virtually no opposition.