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ft.com - 10/23/2009
Why curbing finance is hard to do
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About a month ago, I visited the aero engine factory of Rolls-Royce, in Derby. I was hugely impressed. Making jet engines able to work at extreme temperatures is an extraordinary achievement. Why does the financial industry not work this way? How might we bring the performance of finance close ...

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Economist's View:  links for 2009-10-22

FT Alphaville:  Pink picks

J. Bradford DeLong's Grasping Reality with All Eight Tentacles:  links for 2009-10-24

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links for 2009-10-22
Economist's View — ... Everyman’s Financial Meltdown - NYTimes.com Why curbing finance is hard to do - Martin Wolf Volcker’s A Guy ...

Pink picks
FT Alphaville — Comment, analysis and other offerings from Friday’s FT, Martin Wolf: Why curbing finance is hard to do About a month ago, I visited the aero engine factory of Rolls-Royce, in Derby. I was hugely impressed. Making jet engines able to work at extreme temperatures is an extraordinary achievement. Why does the financial industry not work this way? How might we bring the performance of finance close to that of other sophisticated businesses?  This is, in its essence, the question Mervyn King, governor of the Bank of England, was addressing in his controversial speech this week. ...

links for 2009-10-24
J. Bradford DeLong's Grasping Reality with All Eight Tentacles — ... Krishna Guha: Fed clampdown on US bank pay rules Martin Wolf: Why curbing finance is hard to do Jamison Foser: Washington Post ...

Does Ben Bernanke Have The Facts Right On Banking?
The Baseline Scenario — ... Ben Bernanke, chairman of the Federal Reserve, has stayed carefully on the sidelines while a major argument has broken out among and around senior policymaking circles: Should our biggest banks be broken up, or can they be safely re-regulated into permanently good behavior? (See the recent competing answers from WSJ, FT, and the New Republic). But the issues are too pressing and the stakes are too high for key economic policymakers to remain silent or not have an opinion.  On Cape Cod last Friday, Mr. Bernanke appeared to lean towards the ...

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