Tag Archives: private banking. Great Depression

Zoellick’s confusing FT op-ed

Writing in the Financial Times, World Bank President Robert Zoellick argues for greater economic coordination among the G20 nations.  It was not clear from his op-ed exactly how coordinated a system he envisions.  On the one hand, he calls for … Continue reading

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Make them pay…make them pay

Carried away by ever-rising real estate prices and aided and abetted by new types of financial instruments, the financial system’s overindulgence in risk has left taxpayers with a nasty hangover, a hefty tab, and a desire to make someone pay. … Continue reading

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