Wall Street isn’t worth it

Gerard Caprio Jr. (Williams): Financial Regulation after the Crisis: How Did We Get Here, and How Do We Get Out? Tabea Bucher-Koenen and Michael Ziegelmeyer (Max Planck): Once Burned, Twice Shy? Financial Literacy and Wealth Losses During the Financial Crisis. Did robotraders know the financial crisis was coming? Harry Cheadle on the invisible algorithmic ecology of the stock market. The Wall Street Code: Goldman Sachs/UBS "quant" turned whistle blower Haim Bodek says the stock market is rigged. Never saw it coming: Alan Greenspan on why the financial crisis took economists by surprise. From HBR, Justin Fox on what we’ve learned from the financial crisis. From The Economist, what can we learn from the Depression? Robert Skidelsky on four fallacies of the Second Great Depression. Phillip Swagel on the beginning of the end of the financial crisis. Brad DeLong reviews After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead by Alan Blinder. Alan Pyke on why a credit downgrade for the biggest banks is great news for taxpayers. Street cop: Can the S.E.C. control the financial industry? Big finance is a problem, not an industry to be nurtured: To bring down our debt levels, we cannot avoid shrinking the financial sector, says Dirk Bezemer. Wall Street isn’t worth it: John Quiggin on why cutting the banks down to size is good policy and good politics. Financial reform is about to catch a second wind — and Elizabeth Warren is ready to ride it. Anna Merlan on Benjamin Lawsky, the man who picked a fight with Wall Street.