Could American consumers come out of this crisis with a little help from Washington? The Obama administration is pushing a new consumer protection agency to regulate the bankers, and the bankers are going to do their best to kill it.
This agency would focus solely on the consumer and the proposed legislation would give it the [...]
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“… in connection specifically with the financial crisis, the main point is about what appropriate patience might look like where various financial and commercial enterprises are concerned. The loss of a sense of appropriate time is a major cultural development, which necessarily changes how we think about trust and relationship. Trust is learned gradually, rather [...]
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Must admit that Andy Kessler’s column in the Wall Street Journal on Citi caught me by surprise …
I was really impressed with his book on hedge funds, Running Money – so why was I surprised by his insight into Citi in a recent Wall Street Journal piece, where he notes that Sandy Weill hit the [...]
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