A gentleman named Jan Schildbach of Deutsche Bank (DB) has published a research report “Universal banks: Optimal for clients and financial stability; Why it would be wrong to split them up.” This report is remarkable for many reasons, but not because it makes a convincing investment case for mega banks. Rather, it proves that anybody [...]
Deutsche Bank: Universal Banks are a Benefit to Society. Really?
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November 27, 2012 By Leave a Comment
Review: Bull by the Horns by Sheila Bair
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October 4, 2012 By Leave a Comment
Book Review: Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself. By Sheila Bair Free Press (2012), 415pgs “Bull by the Horns” is a really excellent book. Former FDIC Chairman Sheila Bair accurately describes the conflicted world of bank regulation in our democracy. Her well-written narrative [...]
Zombie Banks: How Broken Banks and Debtor Nations Are Crippling the Global Economy
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January 9, 2012 By Leave a Comment
REVIEW: Zombie Banks: How Broken Banks and Debtor Nations Are Crippling the Global Economy by Yalman Onaran. ~~~ Do We Love Zombie Banks? The new book by Yalman Onaran of Bloomberg News, Zombie Banks: How Broken Banks and Debtor Nations Are Crippling the Global Economy, is a well-organized and clearly written discussion of the use [...]
Exile on Wall Street: Bad Banks, Bad Money & the American Dream
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December 6, 2011 By Leave a Comment
Exile on Wall Street: One Analyst’s Fight to Save the Big Banks from Themselves by Mike Mayo is one of the more important books to be published since the start of the financial crisis. Part memoir, part revelatory narrative of Mike’s career, this highly personal but informative book provides some very important information about how [...]
Currency Wars: The Making of the Next Global Crisis
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November 18, 2011 By Leave a Comment
When President Richard Nixon closed the gold window to foreign central banks in 1971, he ended the Bretton Woods monetary system created after WWII. President Nixon effectively substituted the dollar for gold and in so doing, created an unprecedented era of economic prosperity – and a vehicle for endlessly expanding public debt in the U.S. [...]
