Tag Archives: toobtof

The Goldman Of Our Dreams

I am frequently asked to comment on the Goldman Sachs controversy and the pending financial reform legislation. The legal discussion about Goldman seems to center on whether Goldman had a conflict of interest. Goldman doesn’t HAVE a conflict of interest. Goldman IS a conflict of interest. They are not unique among major financial institutions. They […]

Memo to Republicans

When you sober up from your Scott Brown parties, please listen to the President’s surprisingly clear position on banking and the financial markets. My last blog accused Obama of political cynicism for pretending to get after the Wall Street bankers who heavily supported his election. My prediction was that he would talk tough and maybe […]

In the News: Systemic Risk, End it Don’t “Manage” It

The blogging bankers at Nicolet National Bank in Wisconsin have been on a roll over at The Vault lately. CEO Bob Atwell’s latest post addresses this month’s meeting between President Obama and a few of the country’s biggest bank CEOs. He makes some interesting points on too-big-to-fail, concluding that “centralized and politicized finance is financially […]

Tax the Toobtofs

AIG headlines have overshadowed the important policy discussion about systemic risk created by the “too big to fail” (toobtof) institutions. The best way to manage systemic risk is to minimize it. The most effective way to minimize systemic risk is to tax the Toobtofs who create it. This is a market-based approach which should appeal […]

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