Author Archives: Richard S. Grossman

Talking about the mortgage settlement and Basel Accords

…with Chuck Coppoloa on First Business TV.

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Following Blind Ideology Right Off Cliff

…is the title of my op-ed in today’s Hartford Courant on the role that ideology played in walking us right up to the fiscal cliff.  Read it here! The role of ideology in poor economic policy decisions is the theme … Continue reading

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Wanted: Central Banker

A couple of weeks ago, the Economist magazine ran an unusual “help wanted” ad.  The Governor of the Bank of England, Sir Mervyn King, will retire in June and the British government is looking for a replacement. On the one … Continue reading

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Libor needs to be scrapped—not reformed

Last Friday, a top British top financial regulator issued a report suggesting numerous reforms to the London Interbank Offered Rate (Libor).  Libor, a benchmark interest rate that affects more than $300 trillion in financial transactions, is constructed from the cost … Continue reading

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The Wheatley report on Libor

See my reaction to the Wheatley Report at Law360.com.

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The GOP and GOLD

See my op-ed in the Los Angeles Times on the GOP platform’s call for further study of the gold standard.

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Consumers and the Future of Libor

Follow this link for an interview with Greg Field at NerdWallet.com.

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The biggest threat to capitalism

Most of us spend more time thinking about the latest London Olympics results than the scandal surrounding the London InterBank Offered Rate, or Libor. That is a big mistake. We should be paying more attention to the Libor scandal.  And … Continue reading

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Musings on Libor

Here are a couple of recent musings on Libor. “Bankers Should Take A Lesson From The Mob,” was slated to appear in today’s Hartford Courant. “5 Questions With . . . Richard Grossman on the Libor Scandal,” an interview with Lauren … Continue reading

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A Blatant Misuse of History

Writing nearly 40 years ago, historian Ernest R. May warned of the dangers of misusing history for policy purposes.  May was primarily concerned that policy makers drew the wrong lessons from the past. In their opinion piece in yesterday’s Wall … Continue reading

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