Noam Scheiber, The Escape Artists: How Obama’s Team Fumbled The Recovery. Simon & Schuster, 2012, pp. 351, $28.00 When he assumed the Office of the Presidency in January 2009, Barack Obama faced challenges on multiple fronts. Ground troops were still in Iraq, the deleterious effects of the housing bubble were rippling throughout the economy, and [...]
From Derivatives to Debt Crisis
The Devil’s Derivatives: The Untold Story of the Slick Traders and Hapless Regulators Who Almost Blew Up Wall Street . . . And Are Ready to Do It Again. Nicholas Dunbar. Harvard Business Review Press 2011, pp.291, $27.95. If one were a college student in the mid-to-late 1990s with an interest in working on Wall [...]
Derivatives After Dodd-Frank
The New Financial Deal: Understanding The Dodd-Frank Act and Its (Unintended) Consequences. David Skeel. John Wiley & Sons, Inc. 2011, pp. 220, $34.95 For those individuals who work in financial services, understanding the basic provisions of Dodd-Frank is a necessity. Love it or hate it, no other legislation passed in recent years will have such [...]