Finally, a mainstream magazine reminds us of the "Other Economy" that's out there. It's not constructed of toxic mortgages, clogged credit arteries or financial malfeasance. It's middle market companies doing…
It won't take long to understand the dearth of regulatory results when you look at this graphic in today's New York Times, which traces the web of existing financial market…
Gretchen Morgenson from the NY Times writes in Sunday’s paper about AIG in “Behind Biggest Insurer’s Crisis, A Blind Eye to a Web of Risk“. There are a lot of lessons here, mostly reminders of lessons you’d think were already learned.
There’s a failure of leadership when you look at the practices of AIG’s London office, which has been tossing around hand grenades for years. There’s a failure of corporate governance that allows the small London office’ to ignite the firestorm that brings AIG to the government’s front steps. There’s a flood of extraordinary compensation for the 400 people in the London office (more…)
Before we applaud the federal government's intention to intervene in the mortgage markets - I don't mean the bailout plan but the reported idea of allowing judges to intervene between…
I referenced Joe Nocera last week - he's the NY Times columnist I mentioned in What's Next for the Capital Markets for his objective observations. This week, however, he seems…
