We’ve Only Just Begun

A lot of readers want to know what I think about the financial regulation bill that Congress passed. Unfortunately, I’ve been too busy traveling to read it or keep up with this week’s commentary. I’ll address it in more detail in the coming weeks and months. For now, the best I can do is repost the two most important columns I’ve written during the regulation debate with a brief follow-up on whether this bill addresses those issues.   Continue reading “We’ve Only Just Begun”

We’re Baaack!

You know you missed us.

Once again, my fault. I’ve been traveling and working on new essays and articles. The book is progressing (third draft) and evolving, and in the research process I’ve discovered some fantastic material for future writing. More on that in coming weeks and months.

For now, let’s kick off May with my latest column in the South Florida Sun-Sentinel. I know you want me to write more about financial regulation, but I’m trying to save my most important points for the book. (And I doubt we’re going to get a great bill no matter what any of us write. It’s going to take many years to right this ship).

With that said, here is something important that Congress isn’t addressing in financial regulation: “We also need to regulate the regulators.” Read the column to see what I mean.

I know you’re also eager to hear my take on Greece’s troubles. In good time, dear reader. I will now be writing more frequently: Get ready for a busy summer!

Size Matters…Especially on Wall Street

My latest column is in today’s Sun-Sentinel. You can read it here. I also want to draw your attention to a very good criticism that one reader posted beneath the column; I will reprint their comment and my reply here. “WMI_Investor” writes:

Washington Mutual seizure by the FDIC is FAR from sucessfull…. in the end it will cost the government BILLIONS in lawsuites that have been filed against the FDIC

As the facts up to the seizure become more clear – it should have never been seized in the first place.

JPM was able to pick and choose what it wanted and has left the reciever (FDIC)holding the bag on much of debt that JPM was allowed to shed from WAMU in the acqusition.

Plus FDIC seized property that was not part of the BANK… WMI was not a BANK

You need to do some more investigation and get the facts straight!   Continue reading “Size Matters…Especially on Wall Street”