Focus On This: Merkley-Levin Did Not Get A Vote

Ethical MarketsReforming Global Finance

By Simon Johnson After 9 months of hard fighting, yesterday financial reform came down to this: an amendment, proposed by Senators Jeff Merkley and Carl Levin that would have forced big banks to get rid of their speculative proprietary trading activities (i.e., a relatively strong version of the Volcker Rule.) …

The Baseline Scenario: The Mystery of Capital

Ethical MarketsReforming Global Finance

By James Kwak So the dust has settled on the Senate bill, and it remains studiously vague about capital requirements — no hard leverage cap, for example. This is what the administration wanted, for two reasons: first, they claim that regulators need ongoing flexibility to modify capital requirements; second, they …

The Weekly Buzzing Beat at Wall St. Cheat Sheet

Ethical MarketsReforming Global Finance

More Good Sense from DYLAN RATIGAN via  Wall Street Cheat Sheet – Ed. We Need a Value-Creating Society as Opposed to a Value-Extracting Society – with Dylan Ratigan VIDEO: Wall St. Cheat Sheet Top 3 Traders Under 30 on Yahoo TechTicker EXCLUSIVE: Wall St. Cheat Sheet Top 3 Traders Under …

The Baseline Scenario

kristyReforming Global Finance

13 Bankers: Lehrer Newshour Edition – And Another Connection Posted: 16 May 2010 06:20 AM PDT By Simon Johnson On Thursday evening, the Lehrer Newshour ran my discussion with Paul Solman on American financial history and previous attempts to constrain the power of big banks – covering the main points …