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Daily Archives: June 19, 2012
Levitt: “I regret my support in doing away with Glass-Steagall”
Arthur Levitt, former chairman of the U.S. Securities and Exchange Commission, talks about JP Morgan Chase & Co. Chief Executive Officer Jamie Dimon’s testimony before the Senate Banking Committee today. He is conflicted as he now serves as an advisor … Continue reading
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Feldstein: Fed may do more but has little effect on the economy
Martin Feldstein, a professor of economics at Harvard University, and president emeritus of the National Bureau of Economic Research (NBER) (the official body responsible for dating recessions) talks about the outlook for Federal Reserve policy the U.S. economy, and Europe’s … Continue reading
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G20 leaders to Europe: “do everything in your power” except admit the truth
As the G20 meets in Mexico, familiar press releases promise that global heads are urging Euro leaders to “do everything in their power to solve the debt crisis”. What they mean is everything except what needs to be done: admit … Continue reading
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