Xiang Ji’s Bookshelf

At crossroads, or an illusion?

The better the party, the worse the hangover. The pain is only starting…

“There are cases where people who failed can suddenly make a go of it. In the U.S., you can get your second or third chance. In business school, we say that’s one of the virtues of this country.” – Richard Sylla, economic and financial historian at New York University’s Stern School of Business, commenting on [...]

Chuck Prince is talking about tightening control on derivatives and bank regulation. Wow, everyone old comes back new again.

John Arnold announced his opposition on the issue, in an argument that’s too familiar to many of us. Glass-Steagall will drive banks to foreign countries; more regulation will force institutions to find other loopholes, etc…