Edward J. Epstein Makes History...Again
January 25, 2012
I was reminded of this devastating analysis of the sloppy case against Dominique Strauss-Kahn when I read that his wife, Anne Sinclair, is taking over the French version of The Huffington Post. This factoid was reported in Mediabistro, an online publication founded almost a decade ago by Laurel Touby and whose financing was put together by the sagacious investor Bill Ackman and by less sagacious me.
The S.E.C. Finds Moody's Guilty of Breaking Its Own Rules But Still Will Charge Them With Nothing
September 01, 2010
When the really true history of the financial collapse is written there will be a special place of infamy for the three major rating agencies: Moody's, S & P, and Fitch. I'd written about them before the system-wide disaster and during the weeks and months when American capitalism was truly on the ropes. Some sectors of the economy got their comeuppance; some didn't, getting away wholly unpunished and gloating about their escape by claiming that their lies about companies and public bonds were protected by the First Amendment. Free speech has insulated many rogues and criminals.
Three Cheers For Barney Frank; Two Cheers For The Wall Street Journal
December 23, 2009
These cheers are about an issue on which Barney Frank and the editors of The Wall Street Journal agree. And I agree, too. On most matters of high finance I'm more on Barney's side than that of Paul Gigot or my old friend Daniel Henninger. But this question is less a matter of politics than of honor and honesty. Some of you may recall my own idée fixe on what an editorial in Wednesday's Journal called the "credit-ratings racket" practiced by three portentous companies: Standard & Poor's, Moody's and Fitch.
Let's Talk Financial Crisis
September 09, 2009
For anyone interested in debating where the economy and financial system stand a year after the Lehman collapse, TNR is hosting a conference on the subject this coming Monday, September 14, at the Willard Hotel in Washington. We've got a real murderer's row of speakers and panelists lined up--Rep. Barney Frank, Commodity Futures Trading Commission Chairman Gary Gensler, The Wall Street Journal's David Wessel, hedge fund manager (and TNR investor) Bill Ackman, former New York Gov. Eliot Spitzer, among them.
More Firepower for Inflection Point
August 28, 2009
Exciting news from inside TNR: We just got Gary Gensler, chairman of the CFTC, to join our roster of dignitaries and pacemakers for our event on the current state of the economy. Gensler will tangle with Barney Frank, Eliot Spitzer, Christina Romer, Andrew Cuomo, Bill Ackman, David Wessel, and others on some of the most important questions facing the nation: How have we handled the financial collapse thus far? What could have we done better, and what can we do better still? What will our economy--national and global--look like after the recovery?