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Columns & Blogs 

 
Want stimulus? Scrap special tax breaks
Monday, March 5, 2012 @ 12:03 PM

FORTUNE — As we undertake the annual mind-numbing rite of filling out our tax returns, let us pause to reflect on the role our tax code played in the financial crisis. What brought us the crisis? Overly leveraged financial institutions made high-yield mortgages to overly leveraged consumers. Financial institutions then concocted trillions of dollars of…

 

HUFFINGTON POST – Would you take money that you needed for next month’s mortgage payment and deposit it at a European bank? Would you take money that your daughter needs for braces this summer and make a short term loan to a Wall Street firm? Probably not, but if you’ve put your ready cash in…

 
Why it’s time to break up the ‘too big to fail’ banks
Wednesday, January 18, 2012 @ 12:01 PM

FORTUNE — America is downsizing. Whether it’s the food we eat, the cars we drive, or the houses we live in, Americans are concluding that smaller is better. Even U.S. corporations are starting to see the benefit of more Lilliputian institutions; the impending — and widely hailed — breakups of McGraw-Hill (MHP) and Kraft (KFT)…

 
We need a new Volcker rule for banks
Friday, December 9, 2011 @ 12:12 PM

FORTUNE — Financial reformers are pointing to the collapse of the $41 billion MF Global brokerage house as evidence of why we need Dodd-Frank’s “Volcker Rule” to prohibit FDIC-insured banks and their affiliates from making proprietary bets on the markets. Fortunately, MF Global was not a bank or bank affiliate, and its failure has not…

 

FORTUNE —┬áThe European sovereign debt crisis is slowly driving the global economy back into the ditch. Why is this crisis so unresolvable? The answer comes back once again to excess risk taking and leverage in the banking sector. In late October, Europe’s leaders finally persuaded the banks to take a 50% cut on the Greek…