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It would have been so much simpler if the White House had asked the acerbic economist Nassim Taleb what to do about the Wall Street bonus babies. Taleb, the great rebuker, says the bonus problem is easy, EASY to solve. Full Article at True/Slant
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The financial crisis is now more than a year old, and Americans are still angry -- angry that the economy tanked, angry that they're out of work. But mostly, people seem outraged by Wall Street bonuses. Full Article at The Washington Post
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Andrew Lo has written a few guest posts here before, and now he’s back with another excellent one — so excellent, in fact, that we asked if he’d join our corps of recurring guest bloggers. Happily for all of us, he accepted. Full Article at Freakonomics
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One year after the collapse of Lehman Brothers, the surprise is not how much has changed in the financial industry, but how little, The New York Times’s Alex Berenson writes. Full Article at Dealbook
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One year after the collapse of Lehman Brothers, the surprise is not how much has changed in the financial industry, but how little. Backstopped by huge federal guarantees, the biggest banks have restructured only around the edges. Full Article at CNBC
