Lloyd Blankfein Recants

Goldman Sachs chief Lloyd Blankfein has turned! Speaking at the Handelsblatt banking conference yesterday, the CEO said that bankers and traders had behaved irresponsibly and that public backlash against their salaries was justified. Of course, he’s not offering to give back the $26 million Central Park penthouse he bought last year. I mean, what areContinue reading “Lloyd Blankfein Recants”

How might the current financial crisis shape financial sector regulation and structure?

I’m not certain why, but I was earlier reminded of a recent statement illustrating the rate at which Financial Services, as a component of US GDP, had grown dramatically in the post-Cold War period. I was startled by the figures I’d heard, but only this evening took it upon myself to actually research the claim.Continue reading “How might the current financial crisis shape financial sector regulation and structure?”

3 Stories of the Invisible Economic Recovery: 40,000 Inmates Released or 40,000 Potential New California Home Buyers? Banks increase Revenues by Overdraft Fees. The Ultimate Invisible Jobs Recovery. » Dr. Housing Bubble Blog

3 Stories of the Invisible Economic Recovery: 40,000 Inmates Released or 40,000 Potential New California Home Buyers? Banks increase Revenues by Overdraft Fees. The Ultimate Invisible Jobs Recovery. » Dr. Housing Bubble Blog.