Tag Archives: tbtf

Too Big to Fail From the Eyes of a Specialist

By William K. Black
April 17, 2016     Bloomington, MN

Andrew Ross Sorkin has written a column lamenting that “For a Generalist, ‘Too Big to Fail’ May Be Too Tricky to Judge” about the district court opinion finding in favor of MetLife on the question of whether it would pose a system risk were it to fail.  Sorkin runs the NYT’s “Deal Book,” which is supposed to represent the paper’s specialized expertise with regard to Wall Street.  His column demonstrates that one of the areas of expertise required to understand Wall Street is legal, and that it is beyond his understanding despite having “read hundreds of pages of legal briefs from both sides, and talked to company and government officials and outside experts….”

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Martin Wolf: “Lord Turner Thinks the Unthinkable”

By John Lounsbury
(Cross posted from econintersec.com)

February 13th, 2013

Paul Kasriel alerted me in an email this morning to check out Martin Wolf’s column today (13 February 2013) in the Financial Times.  Wolf’s title:  “A case to reset basis of monetary policy.”  The widely read associate editor and chief economics commentator for FT is one of the world’s most influential writers on economics.  And he often swims at the edge of the mainstream and sometimes thinks completely outside the box that limits many economic thinkers.  So when you want a breath of fresh air, read Martin Wolf.  He can pull heads out of the sand; there isn’t much fresh air in that medium. Continue reading