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    Commentary / bank reform, banking, Goldman Sachs /

    Goldman Sachs and Bank Pollution

    March 14, 2012

    By now most of you will be aware of the letter/op-ed article written by a disgruntled Goldman Sachs executive. He is resigning, and on the way out he is taking the time to lambast the firm’s culture. Rightly so. It is anti-client and, more importantly, anti-social. As I have said repeatedly: I have no problem […]

    Economics / bank reform, banking /

    Banking’s Naked Emperors

    March 12, 2012

    This is truly annoying. We have been treated in recent weeks to a barrage from the banking industry’s multitude of apologists and hanger-on about how enfeebling the proposed capital rules are. Those rules will, we are assured, ruin the recovery by forcing our dear banks to set aside a stash of money just in case […]

    Economics / consumer confidence, jobs, recession, recovery, unemployment /

    Jobs Market: Continued Improvement

    March 9, 2012

    This morning’s jobs report from the Bureau of Labor Statistics makes for some quite dull reading. The headline is that the economy added 227,000 new jobs in February, which is slightly more than analysts expected, but is not a terrific burst of growth either. Indeed, so much the same as January’s report is February’s that […]

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