Walter Bagehot

The distinguished gentleman in the portrait is Walter Bagehot (pronounced “badget”), founder of the London Economist and author of “Lombard…

BASEL: FAULTY

The True Cause of the 2008 Financial Crisis and the Botched Regulatory Response (Questions and comments in subsequent post.) The best…

“Basel: Faulty” Questions

As a fan of the philosopher Karl Popper, I feel compelled to ask myself the following question: “What further empirical…

Trump’s Immigration Fatwa

I recently read an article by a conservative writer who I normally respect.  But this piece brought me up short.…

Break up the Bankees

When I was a kid I went to a Yankees game and I was hooked. I became a diehard fan.…

A Tale of Two SIFIs

The Best of Managements, The Worst of Managements My apologies; neither of the banks I am about to discuss was…