Tag banking

A Closer Look at the Wells Fargo Scandal

Stephen Davis— If you need an example of how the financial system has failed the test of public trust, look no further than Wells Fargo. But it is vital to go deeper than the headline story about fraudulent cross-selling into systemic miscarriages of governance and shareholder oversight. The scandal appears

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Bitcoin as Platform

Edward Castronova— Three years ago, the digerati were abuzz about the idea of a “real” virtual currency. That turned out not to be the killer app. We still face the full disintermediation of the finance industry, but it’s being driven not by digital currencies but by digital wallets. What’s the

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What can the Nobelman case tell us about the next financial crisis?

  Follow @jentaub To address the 2008 financial crisis, congress passed the Troubled Asset Relief Program (TARP) to bailout out the banks and the federal government committed trillions of dollars to save the entire system. Fed chairman Ben Bernanke defended the massive government intervention to rescue the banks.  He said, “it wasn’t

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Should You Invest in Bitcoin? Here’s a Flowchart to Help You Decide.

Bitcoin is on the rise. The completely digital currency has been covered by Forbes, The Wall Street Journal, and The New York Times, among others. Bitcoins have the power to buy anything from a hot dog at a Sacramento Kings NBA game to a hotel room at a Holiday Inn in

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