Financial Regulation Commentary

Too Big To Free Ride

The government awards the largest banks all sorts of privileges, working against the public interest.

The Next Housing Bubble

A bid to get banks to lend more to subprime borrowers will fail because of new regulations.

The Trouble with Tailor-Made Euro Fixes

The Cyprus solution drew on normal bankruptcy procedures. Applying this elsewhere could reduce uncertainty.

The Hypocritical Attack on S&P

The ratings agencies engaged in fraud, but the government that seeks to punish them for it is no less guilty.

Austerity Has Yet To Come To Greece

The idea that austerity is killing Greece is absurd. The problem is the inability to practice austerity.

Ghana Takes On Argentina

The West African country has made a bold move to hold its creditors in Buenos Aires responsible.

Spain's Twin Crises

Chronic financial mismanagement and a burst real-estate bubble are more than Madrid can handle.

The ECB Can't Rescue Europe

 Both the markets and politicians are underestimating the risks associated with the ECB’s new course.

China's Uncertain Path

Presumptive incoming president Xi Jinping will enter office with a very full plate.

South America's Power Vacuum

The region is backsliding on its commitment to democracy. And only Brazil can save it.

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May 22, 2013