Monthly Archives: March 2010

Greeks, Romans, and The Permanent Committee to Save the World Forever Bill

Paul Krugman writes about the current financial reform efforts, and uses a great metaphor for regulatory regimes. Greek armies were specialized and fought better when they had great leaders, while Roman armies were more generic but robust to poor leadership. … Continue reading

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Leonhardt in the NYTimes Magazine, The Uses of Discretion with PCA

David Leonhardt has a good writeup of where financial reform stands in his Sunday magazine article Heading Off the Next Financial Crisis. Let’s look at the uses of the word “discretion” in the piece (my bold): It would be foolish … Continue reading

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Current State of Financial Reform, March 26

Given that the major health care debate, which has been taking up a lot of oxygen in the room, is over, everyone is now turning their attention to financial reform. So I’ve decided to write a little 10-page brief that … Continue reading

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10 Books

I dropped the ball on doing the 10 most influential books list the past two weeks (lots of people are playing). If you can handle one more, I’ll submit my “gut list.” I can’t tell if I give off a … Continue reading

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An Interview About Interchange Fees with The Credit Card Con

It’s been a while since I’ve written about interchange fees. The Credit Card Con, a project centered around credit card swipe fees, has a new report out (pdf). I hear a lot about how the interchange fee is determined by … Continue reading

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Resolution Funding and Living Wills

Here is Tim Fernholz responding to my earlier worries about resolution authority as expressed in the Dodd bill. My first worry was that the $50 billion dollar fund wouldn’t be enough to handle resoluton: Next, there is a $50 billion … Continue reading

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Military and the CFPA

Tim Fernholz writes about the Department of Defense working towards building a Consumer Financial Protection Agency with Treasury (my bold): Today, Secretary Tim Geithner followed up by meeting with David Julian, the director of the DoD’s Office of Personal Finance, … Continue reading

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