“Nice . . . uh, Gig?!?” In 1998, I was gleaning the want ads and found a position for a Private Chef for a family…. I am presently one of 9 employees who work at their house. The place is huge and it is just the 2 of them. I cook dinner only 6 days...Read More
I Don’t Think It’s Got Anything to Do With “Learning” What is the most dismaying thing about “Some Bankers Never Learn,” Gretchen Morgenson’s article documenting mortgage bankers’ efforts to sabotage legislation (Dodd-Frank) aimed at cleaning up lending standards? It’s not the bankers disingenuously arguing that tighter standards will unfairly limit home ownership. It’s not the...Read More
Financial “Sword of Damocles”: Outstanding Derivatives Dwarf World Economy What’s the best evidence, post-crash, that meaningful financial reform has yet to occur? It’s not that those who helped orchestrate the debacle — corporations and individuals — have escaped accountability. It’s not that the largest banks, whose size and interconnectedness raised the spectre of contagion — and therefore...Read More
The New Financial Crisis, Same as the Old One? Don’t have time to read thousands of pages of (purposefully) arcane legislation, to figure out whether the financial reform bill Congress passed this Summer really reforms how Wall Street does business? (I guarantee you that few if any members of Congress read the bill in its...Read More
