Christopher Whalen is an author and investment banker who lives in New York. His website is www.rcwhalen.com.
A bloated reform that won't prevent another financial crisis—and might even trigger a fresh one.
If the United States cannot get its fiscal house in order, the dollar’s privileged position as the world’s reserve currency may be at risk—at a time when there seem to be few if any plausible alternatives.
Central bankers have amassed unprecedented power, and yet lack serious political counterweights.
It staved off crisis. But the risk of "debt deflation" remains real.
Big bailouts weren't unprecedented in 2008—but their numbers were.
The government awards the largest banks all sorts of privileges, working against the public interest.
A bid to get banks to lend more to subprime borrowers will fail because of new regulations.
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