Tag Archives: financial system

How Paul Volcker will save the world

Paul Volcker: The specific points at issue are ownership or sponsorship of hedge funds and private equity funds, and proprietary trading — that is, placing bank capital at risk in the search of speculative profit rather than in response to … Continue reading

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Crony capitalism at the heart of the financial system

“Simon Johnson, an economist at the prestigious Peterson Institute in Washington, DC, [] has been leading the argument against overmighty banking.” Simon Johnson @ Wikipedia Simon Johnson’s blog = The Baseline Scenario – PageRank 8/10 – Wow.

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Banks should be made smaller to minimize systemic risk.

Prospect magazine carries an essay by Jonathan Ford (comment editor at Reuters) on “too big to fail” — How To Shrink The Banks. The conclusion: If these measures were fully implemented, the result should be that banks would become smaller … Continue reading

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