While making calls for Hillary Clinton recently, I encountered a man who complained that when president Bill Clinton signed the measure repealing the Glass Steagall Act, he created conditions that made the Great Recession of 2007-2008 possible.  Because of it, the man refused to supp

As I wrote in an earlier blog, (Blog 5/26/16) the world is awash in personal savings accounts, what Ben Bernanke calls a “global savings glut.” (“Private Desires, by Geoff Colvin, Fortune, June, 2016, pg. 54.)  In a recent essay, Geoff Colvin points out this sea of cash is chan

The Dodd-Frank legislation is under assault.  Don’t look for cannon fire or sonic blasts.  It’s a quiet battle making its way through the courts and raises a small point that could topple the entire edifice.  And don’t the money lenders know it?  In 2010, the financial refor

One of my favorite financial writers is Allan Sloan. He authors a column for Fortune magazine and does occasional commentary on OPB’s Nightly Business Report. What makes him different from other prognosticators is his humor, which is more Puckish than cynical. “What fools these mo