Finance

Paul Krugman is Right. A Downgrade Doesn’t Matter

From my column on TheBlaze.com Trust me, I understand. This is no way to introduce yourself to The Blaze audience, but … I have to do it…because it’s true. Paul Krugman is right. That is not a sentence I make a habit of repeating. But when Krugman says it doesn’t matter whether the ratings agencies […]

Debt and Deficit, Finance

The Number That is Killing the Economy

From my CNN.com column. I’m posting the entire thing here because the chart was lost in the archiving. New York (CNN) — This is the only number that matters: 350. When you’re talking about the economy, start the conversation and end the conversation with the number 350. That number reflects the total debt Americans and […]

Debt and Deficit, Finance

Parker Spitzer: Is Wall Street Evil?

I don’t know. But I do think it is largely a fee-skimming business. Check it out in the clip.

Finance, Politics, TV Appearances

Big Banks Aren’t Our Problem?

Continuing the debate of whether we should break up the big banks to avoid “too big to fail” bailouts, Andrew Redleaf and Rich Vigilante respond to my interview with Arnold Kling. Kling, Redleaf, and Vigilante all agree that the big banks are not free market players. They’re quasi-governmental figures that get subsidizes loans from the […]

Finance

Break Up the Banks!

Cato Institute’s Arnold Kling tells me that in order to solve the “too big to fail” problem we should consider breaking up the big banks. Highlights: 1:20 – Big banks aren’t the result of a free market in banking. In fact, their all quasi-governmental like Fannie and Freddie 4:40 – Aren’t there economies-of-scale in having […]

Finance, Uncategorized

How Do You Limit Bank Size?

Cato’s Arnold Kling and I discuss ideas for limiting bank size including: a hard cap on assets, escalating taxes on higher assets, and escalated leverage ratio requirements.

Finance

What are the Risks of Limiting Bank Size?

Cato’s Arnold Kling and I explore some of the risks in limiting the size of banks, such as: – Would it be harder to track the problems within 40 smaller banks than 10 large banks? – Wouldn’t the finance and banking industry flee the US?

Finance

Does Goldman Evidence the Need for Regulation?

Andy McCarthy and I continue our conversation about Goldman Sachs and the John Paulson security sale below. If Goldman’s behavior was — at the very least — unethical, is that evidence of the need for more regulation? Some highlights: 1:45: Does unethical behavior point to the need for more regulation? 5:30: The free market won’t […]

Finance

Is Goldman Sachs Guilty of Fraud?

Today Andy McCarthy and I debated whether Goldman Sachs’ omission of the fact, that John Paulson helped build a security designed to fail, was fraud. Andy thinks all the players in the investment were grown-ups and Paulson’s involvement wasn’t material. Andy also wonders why, if Paulson is not guilty of fraud, would Goldman be guilty […]

Finance