Financial Crisis

What we now know to have been one of the worst economic and financial crises of the post-World War II period began about ten years ago in 2007.

The U.K. withdrawal (“Brexit”) from the European Union drove the Dow Jones Industrial Average down 611 points, but that was just the tip of the iceberg. Though the stock market rebounded, more unsettling news is on the way on economic, political and social fronts. Events will be startling, severe and global.

The Financial Stability Oversight Council (FSOC), the unelected oversight group created by the Dodd-Frank Act to monitor and regulate firms deemed to pose systemic risk to the economy (ie. “too big too fail”), has decided begun to expand its remit beyond what even the law’s authors had imagined.

With the words “government shutdown” on every news commentator’s lips these days, it’s time for a little – in Thomas Paine’s famous phrase – common sense. First, let’s put things…

The EU blinked. It’s obvious the EU does not want a high-profile political confrontation with Google over a search monopoly abuse enforcement action. Last May, when the Competition authorities announced…

With the opening of the George W. Bush Library this week in Texas, plenty of journalists are writing long think-pieces about the man and his legacy, which basically amount to…

[First posted at The American Spectator.] With a second term for Obama, the world-leading America we have known and hoped to leave to our children will be gone. June’s jobs report…

(First published at Forbes.com.) President Obama has led America into an accelerating downward spiral.  Destination: Argentina.  Last Friday’s calamitous jobs report was just a signpost on the way. Argentina enjoyed the world’s fourth highest per capita…

A brilliant discussion of the financial crisis occurred at the Milken Institute on May 2, moderated by Alan Schwartz, Executive Chairman, Guggenheim The speakers were: Kenneth Griffin, Founder and CEO, Citadel…