The Gold Standard  

Check out Simon Johnson’s questions to the New York Fed.
George Washington’s guest post at Naked Capitalism says that the failure to break up banks now is due to the same logic that prevailed in the 1980s: that the banks are insolvent.
Yves Smith of Naked Capitalism reviews the remarks of Joseph Ackermann of Deutsche Bank on [...]

On the flight back from Zurich to Singapore, I caught up with Paul Volcker’s statement to the Banking Services Committee of the U.S. Congress (House of Representatives).  The full statement is here. He raises some uncomfortable questions:
However well justified in terms of dealing with the extreme threats to the financial system in the midst of [...]