Who’s Got Obama’s Ear?

In the New York Times, Joe Nocera argues that Obama’s steps at regulating Wall Street are tepid compared to FDR’s and are likely to leave in place some of the very mechanisms that contributed to the crisis. Read this excerpt, if not the entire piece, then my closing comment: [T]he Obama plan is little...

Grade Inflation

Steve Gandel at Time thinks Citigroup should have failed its stress test: When the results of the government’s financial stress tests were announced last week, Citigroup seemed to have dodged a bullet. The bank, long thought to be in the worst shape among the nation’s largest lenders, was said to...