What's The Point Of The Mortgage Interest Deduction, Again?
In the event the federal tax code really does get Simpson-Bowleserized by the next Congress, elimination of the ever-beloved mortgage-interest deduction[More...]
View ArticleNEWS FLASH: BIG-BANK BREAKUP WILL MAKE FINANCIAL SYSTEM MORE COMPLEX, NOT...
At Naked Capitalism, Yves Smith takes some potshots at Peter Wallison and his recent takedown of the break-up-the-big-banks zealots:[More...]
View ArticleIt's The 2012 Bankstocks Awards!
Last year's highs and lows in the financial services industry[More...]
View ArticleLet's Hear It For The Big Banks
George Will's call for a breakup is 100% wrong[More...]
View ArticleThe Durbin Amendment--One Year Later
Today marks the one-year anniversary of the implementation of one of the most misguided pieces of banking legislation to come out of Washington in decades: the Durbin amendment.[More...]
View ArticleEnough With The Proxy Advisor Kabuki
Splitting the CEO's and chairman's roles at JPM is a nutty idea. Why does anyone listen to governance "experts'?[More...]
View ArticleThe Irrelevance Of Glass-Steagall 2.0
McCain's and Warren's proposal wouldn't have prevented the last crackup--and won't prevent the next one[More...]
View ArticleThe Return Of A Banking Genius
In London, Vernon Hill's Metro Bank brings to mind the glory days of Commerce Bancorp.[More...]
View ArticleNo, Reserve Releases Don't Count As 'Number-Fudging'
A Bloomberg columnist hints at a scandal where there is none[More...]
View ArticleMatt Yglesias Is Totally Wrong About Community Banks
In fact, he seems to not know much about banking generally[More...]
View ArticleJPMorgan Chase & Co. (NYSE:JPM): Why Should J.P. Morgan's Shareholders Pay?
If someone inside the bank aided the Madoff fraud, find him and punish him[More...]
View ArticleIn Banking, Why Bigger Can Be Safer
Darrell Duffie of Stanford may not realize it, but his defense of risk weightings on Bloomberg yesterday is really an argument for bigness in banking institutions.[More...]
View ArticleHooray For The Housing Investors
They helped jump-start the market. A congressman's move to curb their activities is wrong-headed.[More...]
View ArticleFrom The SBA, a Profoundly Bad Idea
I’ve always been skeptical (and I’m not alone) of the notion that the federal government should play any role in the direct funding of small business via programs such as the Small Business...
View ArticleAnother Misguided Bailout
There seems to be no limit to the number of ways President Obama can think of to unilaterally dole out subsidies to voters. His latest: the expansion of the “Pay As You Earn” college student loan...
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