Investment banks are working around new regulations restricting them from putting their own capital into short-term investments: The Wall Street institutions are sidestepping the Volcker Rule by making direct purchases of secur…
In Saturday’s New York Times, Gretchen Morgenson profiled economist Ian Shepherdson, who’s taking a more bullish stance. Namely, he sees the U.S. potentially following Sweden’s example of a sharp comeback after financial disast…
The Financial Crisis Inquiry Commission had planned to publish its findings in book form with Little, Brown. But the unusual deal between the two, which involved an advance payment from the publisher, has fallen apart, and Publ…
Bernanke’s zero-interest-rate policy is backfiring. Only the wealthy benefit from rising financial assets, as average Americans take on more debt. Worse, risky speculation is again being rewarded.
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In a wide-ranging interview, the Nobel Prize winner decries the system of skewed incentives that allowed Wall Street bankers and other corporate execs to gamble with the country’s wealth — and then get away largely scot-free. What happened to “with justice for all,” he asks.
Continue reading Economist Joseph Stiglitz: Put Corporate Criminals in Jail
Economist Joseph Stiglitz: Put Corporate Criminals in Jail originally appeared on DailyFinance on Fri, 22 Oct 2010 06:30:00.
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