On Sale Now
#whburning- RT @baselinescene: Boone & Johnson The End of the Euro: A Survivor's Guide http://t.co/xrLqPASz via @HuffPostBiz, #whburning, European edition /SJ pietgautier (Pieter Gautier)
- @MITSloan 's Simon Johnson: U.S. Needs a National Safety Board for Financial Crashes: http://t.co/wELk0ydo @baselinescene #whburning MITSloanMediaTF (Patricia Favreau)
- @MITSloan 's Simon Johnson: U.S. Needs a National Safety Board for Financial Crashes: http://t.co/i3rblMBy @baselinescene #whburning mitsloanexperts (Paul Denning)
- RT @baselinescene: Boone & Johnson The End of the Euro: A Survivor's Guide http://t.co/xrLqPASz via @HuffPostBiz, #whburning, European edition /SJ TwistedPolitix (Twisted Politix)
- RT @baselinescene: Boone & Johnson The End of the Euro: A Survivor's Guide http://t.co/xrLqPASz via @HuffPostBiz, #whburning, European edition /SJ Andysacr (Andres Sacristan)
- RT @baselinescene: Boone & Johnson The End of the Euro: A Survivor's Guide http://t.co/xrLqPASz via @HuffPostBiz, #whburning, European edition /SJ 1_stumpy (A. Chase Turner)
- RT @baselinescene: Boone & Johnson The End of the Euro: A Survivor's Guide http://t.co/xrLqPASz via @HuffPostBiz, #whburning, European edition /SJ PeterLindseth (Peter Lindseth)
- RT @baselinescene: Boone & Johnson The End of the Euro: A Survivor's Guide http://t.co/xrLqPASz via @HuffPostBiz, #whburning, European edition /SJ AltoNerd (Tim Richardson)
- RT @baselinescene: Boone & Johnson The End of the Euro: A Survivor's Guide http://t.co/xrLqPASz via @HuffPostBiz, #whburning, European edition /SJ jerrymccarthy (Jerry McCarthy)
- RT @baselinescene: Boone & Johnson The End of the Euro: A Survivor's Guide http://t.co/xrLqPASz via @HuffPostBiz, #whburning, European edition /SJ WndlB (Wendell Bell)
Our Other Book
What happened to the global economy and what we can do about it
@baselinescene
- Petition for Jamie Dimon to resign or be removed from NY Fed Board: change.org/petitions/jami…; now close to 35,000 signatures 3 hours ago
- RT @cr_harper: Designated co-head of #Germany's biggest bank calls #Greece a `failed state' @BloombergNews @nickcomfort $DBK 3 days ago
- Springsteen lashes out at bankers in Berlin show reut.rs/KdPIrp via @reuters: "The banker man grows fat, working man grows thin" /SJ 3 days ago
- RT @ABWashBureau: Rep. Grimm, who received campaign donations from Emigrant Bank's CEO and authored a bill to just help that bank, objec ... 3 days ago
- RT @Cam_Fine: And some wonder why we have overwhelming regulations and government intrusion? Duh! End TBTF and you reduce gov regs and i ... 3 days ago
- RT @anatadmati: @Yalman_BN argues for much higher equity/assets ratio and better accounting, to prevent hiding risk and leverage. http:/ ... 3 days ago
- RT @anatadmati: Simon Johnson is entirely on target re excessive political power of banks and serious governance issues at Fed. http:// ... 3 days ago
- RT @anatadmati: @denniskelleher @Bettermarkets are doing incredibly important work. Thank you! @nytimesbusiness covers the effort http:/ ... 3 days ago
- RT @Bettermarkets: @baselinescene Simon Johnson on the case why Jamie Dimon should step down from NY FED board ow.ly/bgUb3 3 days ago
- Giving new meaning to the phrase "resume put": dealbook.nytimes.com/2012/05/31/for… /JK 3 days ago
-
Recent Posts
- Jamie Dimon And The Fall Of Nations
- The End Of The Euro: A Survivor’s Guide
- Jamie Dimon And The Legitimacy Of The Federal Reserve System
- Jamie Dimon Should Resign From the Board Of The New York Fed
- The Need For An Independent Investigation Into JP Morgan Chase
- Geithner to Dimon: Resign From The Board Of the New York Fed
- Why Markets Won’t Fix JPMorgan
- Because They Can
- Regression to the Mean, JPMorgan Edition
- Making Banks Small Enough And Simple Enough To Fail
- JP Morgan Debacle Reveals Fatal Flaw In Federal Reserve Thinking
- Bad Dividend Math
Tags
auto industry bailout Banking banks Budget budget deficit CFPA China citigroup Consumer Protection derivatives economics Elizabeth Warren Emerging Markets eurozone Federal Reserve financial regulation g20 Geithner Global Crisis goldman sachs government debt health care housing imf inflation insurance international Jamie Dimon law macroeconomics Medicare mortgages national debt nationalization politics real economy recapitalization regulation regulatory reform stimulus TARP taxes technology too big to failArchives
Links
- Angry Bear
- Brad DeLong
- Calculated Risk
- EconAcademics.org
- Econbrowser
- EconLog
- Economic Principals
- EconomicsUK
- Economist’s View
- Economists’ Forum at Financial Times
- Ezra Klein
- Felix Salmon
- Free exchange (The Economist)
- iMFdirect
- Interfluidity
- Macroadvisers
- Marginal Revolution
- MIT Sloan experts
- Money Supply (FT)
- naked capitalism
- New Deal 2.0
- Nouriel Roubini
- NPR Planet Money
- OECD Insights
- Paul Krugman
- Paul Solman
- Peterson Institute: Crisis Watch
- Rational Irrationality
- Real Time Economics (WSJ)
- Rortybomb
- Sense on Cents
- The Epicurean Dealmaker
- The Pareto Commons
- Tobin Project
- TripleCrisis
- Washington Outside
- Washington's Blog
- All contents are copyright of the authors. The Baseline Scenario is a trademark of the authors.
What Is Josef Ackermann’s Point?
Writing in the Financial Times yesterday, Josef Ackermann – CEO of Deutsche Bank – argued that larger banks are not more dangerous to the health of financial system (and thus to taxpayers) than smaller banks. According to him, system danger arises primarily from the degree to which banks are “interconnected”.
Inadvertently, Mr. Ackermann makes a strong case for banking system reform. You can break this down into five parts. Continue reading →
→ 23 Comments
Posted in Commentary
Tagged Ackerman, CEO semiotics, Deutsche Bank