Gag Me With Lawrence Summers

Gag Me With Lawrence Summers Robert Scheer – Huffington Post The idea that Barack Obama would still consider appointing Lawrence Summers to head the Federal Reserve rather than order an investigation into this former White House official’s Wall Street payments, reported Friday by the Wall Street Journal, mocks the president’s …

An Institutional Flaw At The Heart Of The Federal Reserve

The Baseline Scenario An Institutional Flaw At The Heart Of The Federal Reserve Posted: 14 Jun 2012 07:10 AM PDT By Simon Johnson. This is a long blog post, about 2,800 words. On the ?PBS NewsHour? in late May, Treasury Secretary Timothy Geithner indicated that the continued presence of Jamie …

Frank and Levin Call on Administration to Clarify Position on Capital Controls

WASHINGTON — Congressman Barney Frank, Ranking Member of the House Committee on Financial Services, and Congressman Sander Levin, Ranking Member of the House Committee on Ways and Means, today released a letter to Treasury Secretary Timothy Geithner, expressing concern over future U.S. free trade agreements if the very important subject of …

Break Bank of America up: Keep only the Retail operation!

Three Questions For The Financial Stability Oversight Council Posted: 03 Sep 2011 04:16 AM PDT By Simon Johnson The Dodd-Frank financial reform legislation of 2010 created a Financial Stability Oversight Council (FSOC), with the task of taking an integrated view of risks in and around the U.S. financial sector. The …

The Banking Emperor Has No Clothes

An article from The Baseline Scenario The Banking Emperor Has No Clothes Posted: 09 Jun 2011 03:10 AM PDT By Simon Johnson In a major speech earlier this week to an American Bankers Association conference, Treasury Secretary Tim Geithner laid out his view of what went wrong in the financial …

Gordon Brown Vs. Larry Summers: Battle of Global Economic Titans

A newsletter from The Globalist Gordon Brown Vs. Larry Summers: Battle of Global Economic Titans To what degree have these economic heavyweights changed their ways since leaving office — and which one would make a credible candidate to lead the IMF? The Richter Scale explores. Tim Geithner: Eternal Optimist, or …

Significant Development on the Smart FTT

Guest Blog by Angus Cunningham, Principal, Authentix Coaches, www.authentixcoaches.com, March 2011 The New York Times carried an article yesterday by Gretchen Morgenson, who often writes on issues of financial reform, in which the US Treasury appears, so far, to be supporting the case of big banks for unrestricted freedom in …

Quelle Surprise! Geithner Gutting Dodd Frank via Intent to Exempt Foreign Exchange –

A publication from Naked Capitalism I have mixed feelings about an article by Robert Kuttner, “Blowing a Hole in Dodd-Frank.” On the one hand, he’s found an important example of the Administration’s lack of interest in meaningful financial reforms, which is its intent to exempt foreign exchange derivatives from the …