Finance
Does Wall Street Do “God’s Work”? Or Even Anything Useful?
Bank executives frequently proclaim that Wall Street is vital to the nation’s economy and performs socially valuable services by raising capital, providing liquidity to...
SEC and Revolving Doors: Q&A with Eric Ben-Artzi, the Deutsche Bank Whistleblower Who Rejected a Multimillion Dollar Award
ProMarket interviews Eric Ben-Artzi, the former Deutsche Bank risk officer turned whistleblower who rejected an $8.25 million award from the SEC.
In May 2015, Deutsche Bank...
Rents and the High Cost of High Finance: Q&A with Gerald Epstein
New study estimates that the total costs of America’s flawed financial system–rents, misallocation costs, and the costs of the 2008 crisis–will add up to...
Regulatory Capture is Not “Inevitable”
“Capture” has become a self-fulfilling prophecy of economists who turn their students into sure-to-fail regulators.
A Wall Street Journal editorial asserted the “inevitability” of...
