archive

The Wall Street scandal

A review of The Creation and Destruction of Value: The Globalization Cycle by Professor Harold James and This Time is Different: Eight Centuries of Financial Folly Carmen Reinhart and Kenneth Rogoff (and more and more). A review of The Murder of Lehman Brothers: An Insider’s Look at the Global Meltdown by Joseph Tibman and A Colossal Failure of Common Sense: The Incredible Inside Story of the Collapse of Lehman Brothers by Larry McDonald (and more at Bookforum). How mistaken ideas helped to bring the economy down: A review of Wall Street Revalued: Imperfect Markets and Inept Central Bankers by Andrew Smithers. Eliot Spitzer on how the Angelides Commission can crack open the Wall Street scandal — if it dares. Steven Pearlstein on a Wall Street fairy tale that doesn't have a happy ending. We've bailed out the banks — when do we go after the crooks behind our financial collapse? Daniel Gross on why Wall Street bonuses won't go away (and more on Wall Street pay days). Why bankers are like bacteria: Financial regulators could learn a thing or two from humble micro-organisms and the scientists who study them. James Surowiecki on why banks stay big: Success feeds on itself. A review of Too Big to Fail by Andrew Ross Sorkin (and more and more). The myth of too big to fail: When it comes to banking, size isn't the only thing that matters. Now the dust has settled on the collapse of the banking industry, William Dixon looks back at some crisis bestsellers and finds their limit in a lack of systemic analysis and insistence on reform (and from New York, here's a financial-crisis lit cheat sheet).