By James Kwak Not surprisingly, there is a great deal of interesting research being done in the area of financial institutions, systemic risk, and regulatory reform. Last week I had the pleasure of attending a workshop for junior law professors … Continue reading →
Sheila Bair, the former FDIC chairwoman who heads the newly formed Systemic Risk Council, explores whether U.S. banks can handle the European banking crisis and…
…is the world’s banking system strong enough to withstand the forces of a global recession? A number of prominent people – more on them below…
The world is undercollateralized. This is the single most important feature of the 2011 economy. Sixty years ago, if assets were worth less than loans, it was possible to work our way into the black. In 1950, 59% of US corporate profits were from m…
