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The Trade

New Financial Overseer Looks for Advice in All the Wrong Places

The new Office of Financial Research was created to conduct independent analysis of systemic risks to the financial system, but so far it suffers from poor design and too many ties to big finance.

No, Obama Isn’t About to Crack Down on Wall Street

Obama sweeps into his second term with real advantages, including stronger appointees and more senators on his side. But the problems run so deep that he is unlikely to solve them.

Mortgage Price-Gouging Courtesy of the Bailout

While interest rates are low, margins on mortgages are high, giving banks a bonanza. Competition should lower rates, but the bank bailout fostered a cartel.

Tax Moochers: Banks

Tax code favors debt over equity, fattening bank profits and weakening the financial system.

Ad Wars: The SEC Is Turning Hedge Funds Into the New Ginsu Knife

Aided and abetted by Congress, the Securities and Exchange Commission deregulates as if the financial crisis never happened.

Small Banks Get Theirs Too: Treasury’s Quiet Bailout

In an effort to wind down the bank bailout program, the government is trying to sell its preferred stock holdings of the remaining smaller banks, but the potential losses from the auctions could be in the hundreds of millions of dollars.

Why Do We Keep Swooning Over Failed Bankers?

Sandy Weill and others are being celebrated for now calling for breaking up megabanks. The many debacles on their watch seem to have cost them absolutely nothing in fashionable society.

Like Rate-Fixing Scandals? You’ll Love the Credit Default Swap Market

A proper market would want an organization that was impartial, regulated, transparent and open to appeal, but with credit default swaps, there is no such luck.
Jesse Eisinger

About The Trade

In this column, co-published with New York Times' DealBook, I monitor the financial markets to hold companies, executives and government officials accountable for their actions. Tips? Praise? Contact me at .(JavaScript must be enabled to view this email address)