Confusion over Confusion
On August 29th, I penned “Lagarde Confused, Again.” In it, I argued that Christine Lagarde, the new managing director of …
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More Confusion, Now From the F.T.
Yesterday, the Wall Street Journal’s editorial endorsed IMF managing director Christine Lagarde’s call to recapitalize Europe’s banks. Today, the Financial …
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Three Strikes and You’re Out
When the Wall Street Journal, the Financial Times and the New York Times agree on the merits of a policy, …
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Ackermann and Dimon 1; Bernanke and Geithner 0
My last blog on bank capital requirements concluded that the push to implement Basel III, which mandates increases in bank …
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Sargent’s Sharp Pencil
Today, The Royal Swedish Academy of Sciences announced that it had awarded this year’s Nobel Prize in Economic Sciences to …
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Private Equity, A Capitalist Bane?
Motivated by Newt Gingrich’s assertions – which cast a cloud over private equity operations by characterizing Mitt Romney as a …
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