Ben Bernacke, Tim Geitner and Sheila Bair are still in office, but Hank (the “Tank”) Paulson is on the beach and the newly published author of this inside-the-Beltway first-person I-was-there.
So, what do you get the man who has everything? We can safely assume that Paulson, the CEO of Goldman Sachs at the time, was well [...]
Public Law 109-145
glad … Brian got saved … last of the Fleet guys and good person and team player … not sure what it does to Tim M…
As for Jester, he knows plenty, and isn’t talking.
I know! In order to encourage competent people to serve in government, let’s bring them back, after they’ve returned to the private sector, and frog march them into a Congressional hearing where they can be heckled from the grandest of grandstands and be painted as villians [...]
The most compelling aspect of this case may be its illumination of the need to reconsider how compensation is calculated and investment products are marketed by the financial industry.
Brent White, a University of Arizona law professor, notes that a family who bought a three-bedroom home in Salinas, Calif., at the market top in 2006, with no down payment (then a common-enough occurrence), could theoretically have to wait 60 years to recover their equity.
Roger Lowenstein, who certainly knows better, must have been victimized [...]
In the late sixties the Canadian psychologist Laurence J. Peter advanced an apparently paradoxical principle, named since then after him, which can be summarized as follows: ‘Every new member in a hierarchical organization climbs the hierarchy until he/she reaches his/her level of maximum incompetence’. Despite its apparent unreasonableness, such a principle would realistically act in [...]
The democratization of publishing freed from the constraints of critical judgments of editors or even advice on style is a mixed blessing. If this title had been under the imprint of Alfred A. Knopf, for example, it would never have seen the light of day, and the world would be a very slightly better place.
Joe [...]
Caldwell said the Treasury was sending ‘SWAT teams’ into mortgage servicers’ offices beginning this week to investigate the issues slowing down decision-making.
The institutions whose mortgage servicing the G-men will be looking at are, by and large, institutions that had no trouble at all in originating mortgages a while back. And, while it may [...]
It’s rare for a scientist—even a string theorist, beholden neither to instruments nor to data—to submit 7 articles in an entire year, let alone one month
It can be hard to pass out umbrellas when it’s raining hundred dollar bills.