Markets

Life Insurance Rule Change Could Mean ‘Financial Carnage’ For Future Generations

[credit provider=”flickr/eatmo” url=”http://www.flickr.com/photos/eatmo/2663768256/sizes/o/in/photostream/”] During the off-hours on Sunday, when few people were willing to ruin whatever remained of their weekend and when even astute observers weren’t supposed to pay attention, the National Association of Insurance Commissioners approved new rules that would allow life insurance companies to lower their reserves for […]
Life Insurance Rule Change Could Mean ‘Financial Carnage’ For Future Generations
Markets

The Glass-Steagall Debate Doesn’t Matter, But What It Represents Does

[credit provider=”Business Insider”] In Part 1 of “The Glass-Steagall Debate Doesn’t Matter,” I made the case that – regardless of where the public debate stands on reinstituting Glass-Steagall – the chances of that are very slim, absent another financial meltdown.But what DOES very much matter is what this debate represents: […]
The Glass-Steagall Debate Doesn’t Matter, But What It Represents Does
Markets

SALLIE KRAWCHECK: Here’s Why The Glass-Steagall Debate Doesn’t Matter

[credit provider=”Business Insider”] Over the course of the summer, we had a flare up of a national debate on whether Glass-Steagall should be reinstated.There has been a rush of well-known senior banking executives from the past lining up around the issue: Phil Purcell (of Dean Witter fame), John Reed (Citibank), […]
SALLIE KRAWCHECK: Here’s Why The Glass-Steagall Debate Doesn’t Matter
Markets

Jamie Dimon May Come Out Swinging, But His Fast Ball Isn’t What It Was

[credit provider=”MSNBC” url=”http://presspass.msnbc.msn.com/_news/2012/05/13/11678545-press-pass-jpmorgan-chase-ceo-jamie-dimon?lite”] “Which Jamie Dimon will appear before the Senate Banking Committee in Washington on Wednesday?” asks Reuters BreakingViews columnist Rob Cox in a Slate piece.  “The self-effacing JPMorgan boss offering apologies for his bank losing at least $2 billion on bum trades?,” he asks? “Or the combative JPMorgan leader […]
Jamie Dimon May Come Out Swinging, But His Fast Ball Isn’t What It Was
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