Archive for the ‘Financial Markets’ Category

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

Imagine that…candidates actually debating substantive differences on economic policy

November 16th, 2015

Of course, Saturday’s debate between the Democratic candidates was initially dominated by foreign policy in the wake of the horrific attacks in Paris. But when they turned to the economy, there were interesting substantive differences at a level of specificity you don’t often hear in these debates. I add my own few sense [sic] in… Read more

We must not allow scare tactics to derail the conflict-of-interest rule

October 20th, 2015

[This post was written jointly with Lily Batchelder.] In objecting to our op-ed on the importance of ensuring that financial advisors place their clients’ best interest ahead of their personal profits, Dirk Kempthorne, the President and CEO of the American Council for Life Insurers, offers a misleading argument, built on a large, incorrectly cited number…. Read more

Full employment and the candidates’ agendas

October 19th, 2015

The presidential debates are generating an important discussion about which public policies will help to reduce inequality, with D’s focusing on tamping down excesses in financial markets, higher minimum wages, balancing work/families, college affordability, paid for by progressive taxation, and R’s going with trickle-down tax cuts, as is their wont. Over at WaPo, I argue that… Read more