Tag Archives: next-best

Felix Salmon submits: Kevin Drum and I had a thrilling discussion about liquidity risk and capital ratios over lunch on Friday. He sums up: Getting Congress and the Fed to impose higher and more rigid capital requirements on big financial institutions is important, but what’s even more important is getting an international agreement in place to make sure everyone else does it too. However, there’s really no one who does a good job of reporting on this. Largely this is because the discussions are all held behind closed doors, so we only hear about the status of negotiations when someone like Larry Summers or Mervyn King drops hints in a speech. It’s like reporting on the intelligence community, except worse. Complete Story