Archive for the ‘Financial Markets’ Category

Here’s why we need the “conflict of interest” rule and why journalists need to report on it.

December 11th, 2015

The NYT has a great piece on a whistle-blower at JP Morgan, who tried to blow the whistle on financial advisers that were putting their own interests ahead of their clients. Yet somehow, the piece fails to mention the Obama administration’s proposed conflict of interest rule, designed to address precisely this problem. That omission is particularly… Read more

“What It’s Worth:” Strengthening the financial health of families and communities

December 10th, 2015

I recently contributed a chapter to this book “What It’s Worth” on ways to strengthen the financial well-being of families and communities that are too often left behind in opportunity-zapping ways. Some of these economic barriers relate to jobs, wages, and incomes, but a lot of them derive from lack of access to credit markets,… Read more

When safety gets dangerous. Book review of Foolproof, by Greg Ip.

December 10th, 2015

[What with the holiday season upon us, perhaps you’re looking for economic books for someone who likes that sort of thing, or, passively aggressively, for someone who doesn’t. Either way, I’ll try in the next few days to scratch out reviews of some of the econ-related books I enjoyed this year, starting with this great… Read more

Not every door is a revolving door: Housing finance, GSE reform, and the NYT

December 9th, 2015

As a financial-markets-muckraker for the New York Times, Gretchen Morgenson provides an important and valuable service, especially when you consider the depth of muck in that sector in recent years. But there can be a fine line between raking muck and pointing fingers at legitimate activity. I thought she at least partially crossed that line… Read more

A letter to leaders Pelosi and Reid on the Conflict of Interest rule.

December 6th, 2015

[Here’s a letter that Lily Batchelder and I sent to Rep. Pelosi and Sen. Reid yesterday urging them to prevent any budget bill “riders” that would delay and/or block the conflict of interest rule on retirement investment advice. As you see, this process has dragged on long enough–opening up another comment period is purely a delaying tactic… Read more