A mistake that will make banks riskier [Financial Times]
If Glass-Steagall were reinstated, we would be recreating the short-term funding weakness that forced Bear Stearns and Lehman Brothers into insolvency.
Higher wages, not a stronger yuan, will help Chinese workers and reduce U.S. imports.
Read the full story »If Glass-Steagall were reinstated, we would be recreating the short-term funding weakness that forced Bear Stearns and Lehman Brothers into insolvency.