Citigroup
A Vikram Pandit Reality Check
And so the obituaries for the five-year tenure of Citigroup’s troubled Chief Executive Officer must now be written. While inevitably there will be those who will cite Pandit’s “righting of the ship” and “right sizing” of Citigroup, allow me to provide a dose of perspective. READ MORE >>
Is Jack Lew Too Much of an Insider?
Brooks Brothers Bolshevism
If you want to read a radical critique of twenty-first century American capitalism, skip the Daily Worker and go straight to Wall Street. A 2005 report by three Citigroup analysts coined the term “plutonomy” to describe an economy in which only the rich matter. In a follow-up report (cited in Don Peck’s excellent new book, Pinched), the analysts explained that the United States was “powered by the wealthy, who aggrandized larger chunks of the economy to themselves.” READ MORE >>
Way Too Big To Fail
A Possible Summers Successor and Her (Potential) Citigroup Problem (UPDATED)
Am I Too Hard on Hedge Funds?
[Guest post by Noam Scheiber:] Felix Salmon is chiding me for an "unconvincing" critique of Sebastian Mallaby's recent book on hedge funds, More Money Than God. He says shifting risk from banks to hedge funds would in fact make the system safe for failure: READ MORE >>
Elizabeth Warren's Enemies List
Why Brandeis Matters
Louis D. Brandeis: A Life By Melvin I. Urofsky (Pantheon, 955 pp., $40) I. READ MORE >>
