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Basel III Is Still Bonkers

It's been two days, and the new Basel III bank regulations are still lousy. Martin Wolf slams the international banking accord here and Yves Smith agrees here, although Felix Salmon notes some improvements over the current banking regime here and Tim Fernholz offers a...

Chris Dodd is Embarassing Himself

Sen. Chris Dodd, D-Conn., is grasping at straws to block Elizabeth Warren's nomination as head of the Consumer Financial Protection Bureau. He's making a fool of himself, and hurting his party's political prospects for November. Dodd's latest foray into bank lobby...

Whats the Hold-up on Elizabeth Warren

Nobody seriously disputes whether Elizabeth Warren is the best-qualified candidate to head the Consumer Financial Protection Bureau. Everybody recognizes the bipartisan political appeal that Warren has with voters, and Democratic strategists know that no action in...

New Bank Regulations Would Bless Lehmans Risk-Taking

International bank regulators have finally agreed to a new set of rules to rein in financial excess, and the reviews thus far are cautiously positive. But the new capital requirements announced today by the Basel III accord are not actually as sturdy as they seem. By...

Handcuffs For Wall Street Not Happy-Talk

The Washington Post has published a very silly op-ed by Chrystia Freeland accusing President Barack Obama of unfairly "demonizing" Wall Street. Freeland wants to see Obama tone down his rhetoric and play nice with executives in pursuit of a harmonious economic...

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