baselinescenario.com - 3/27/2009
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Yesterday, Treasury Secretary Geithner presented an outline of his approach to regulating the financial system. The four pillars of that approach seem to be:
Increased power and regulatory centralization to deal with the problem of systemic risk
Increased protections for consumers and investors ...
outsidethebeltway.com - 3/21/2009
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outsidethebeltway.com —
Steven Taylor makes a point I made on
Wednesday’s edition of OTB Radio (”AIG Bonus Brouhaha“) about...
why seemingly minor matters resonate with the public while major issues often don’t. [W]hile broad and complicated policy may ...
(more)
Why Small Things Get Big Attention
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We Need Smaller Banks
Matthew Yglesias —
... Which is why I agree with James Kwak that fundamentally we need some option one. Smaller banks will pose fewer systemic risks. Smaller banks will also be somewhat less effective at capturing regulators. And smaller banks will be easier to clean up when they feel. Indeed, calculated ambiguity about who will and won’t get rescued if there’s a need for a bailout will be easier to maintain with small institutions. ...
Krugman Opens The Overton Window
Political Animal —
... of the Geithner plan. In addition, he has the opinion that banks that are "too big to fail" are too big to exist , and we need to fundamentally restructure the financial sector instead of making the sector whole and just turning back the clock to a couple years ago. Now, you don't have to agree with everything Krugman says - I've seen some ...
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