The Committee to Save the Banks – Part I: The Background
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/The Committee to Save the Banks sat down for a lengthy, friendly interview for the tenth anniversary of the Great Financial Crisis. What the... Read More
The Committee to Save the Banks – Part II: Opacity and Bank Runs
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In Part II, I’ll show how the Committee to Save the Banks discussion of the panic, fear and bank runs of 2008... Read More
The Committee to Save the Banks – Part III: Paulson the Puppet Master
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Before looking at how the Committee to Save the Banks reacted to the acute phase of the financial crisis in 2008, it... Read More
The Committee to Save the Banks – Part IV: Defending the Indefensible
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The Committee to Save the Banks put on a clinic in their ongoing effort to defend their choice to save the banks... Read More
Is Transparency a 0/1 Variable?
The Transparency Label Initiative treats transparency as a 0/1 variable. Either an investment provides sufficient disclosure so a buyer/seller can know what... Read More
PhD Economist Derp: Financial Regulation Works
A decade has passed since the acute phase of the Great Financial Crisis and the question is finally being asked: does financial... Read More
PhD Economist Derp: Peer Review Is a Seal of Approval
When defending one of their many ill-conceived theories, Economists will frequently mention the theories appeared in peer reviewed academic journals. For those... Read More
Stiglitz, Friedman and the Information Matrix
The Information Matrix sheds new light on a decades long argument between Nobel prize winning Economists Joseph Stiglitz and Milton Friedman. The... Read More
Accountants and the Materiality Clause
As a follow-up to my first post on Too Big to Disclose, I want to look at the issue of why accountants... Read More
Too Big to Disclose
I would like to thank Professor George Georgiev for the expression “Too Big to Disclose”. He uses it in the title to... Read More
The Sorry State of Central Bankers’ Understanding of Transparency
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Geoff Bascand, Deputy Governor of the Reserve Bank of New Zealand, provided an excellent snapshot of the current state of central bankers’ understanding... Read More
U.S. is Being Stalked by a Zombie Elite
In a terrific column, Aditya Chakrabortty looks at how Britain has come to have an economy that benefits the few to the... Read More