Banking's Past, Present, and Future
It was reported this week that Bucknell University has been providing inflated information on the SAT scores of its incoming students for several years. The news follow similar revelations in recent months about a number of universities, including George Washington University, Emory University, and Tulane University Business School. The news puts these elite universities in … Read more
The following (now mildly edited) op-ed was slated to appear in a major US news outlet on January 15. Unfortunately for me, but good for the country, an announcement by the Obama Administration rendered the op-ed obsolete. The main point–that we should not resort to gimmicks in dealing with our serious fiscal issues–stands. Happy reading! … Read more
…with Chuck Coppoloa on First Business TV.
…is the title of my op-ed in today’s Hartford Courant on the role that ideology played in walking us right up to the fiscal cliff. Read it here! The role of ideology in poor economic policy decisions is the theme of my new book, forthcoming later this year from Oxford University Press. Stay tuned for … Read more
A couple of weeks ago, the Economist magazine ran an unusual “help wanted” ad. The Governor of the Bank of England, Sir Mervyn King, will retire in June and the British government is looking for a replacement. On the one hand, it might seem like a great job. The Governor receives a salary of £300,000, … Read more
Last Friday, a top British top financial regulator issued a report suggesting numerous reforms to the London Interbank Offered Rate (Libor). Libor, a benchmark interest rate that affects more than $300 trillion in financial transactions, is constructed from the cost of funds estimates submitted by a handful of large banks. This summer, e-mails surfaced showing … Read more
See my reaction to the Wheatley Report at Law360.com.
See my op-ed in the Los Angeles Times on the GOP platform’s call for further study of the gold standard.
Follow this link for an interview with Greg Field at NerdWallet.com.
Most of us spend more time thinking about the latest London Olympics results than the scandal surrounding the London InterBank Offered Rate, or Libor. That is a big mistake. We should be paying more attention to the Libor scandal. And we should be terrified. The public has been so fatigued by the flood of awful … Read more