Today brings a new milestone in big banks' fall from grace: a Bloomberg editorial alleging that Wall Street's largest financial firms wouldn't be profitable without taxpayer backstops, and calling for an end to the perverse incentives the current arrangement produces.
President Obama has made assailing Bain Capital a centerpiece of his campaign against Mitt Romney, the private equity firm's former CEO. But former President Clinton isn't on board with that line of attack.
Two veteran observers of the global economy, former U.S. Treasury Secretary Robert Rubin and hedge fund manager John Paulson, offer mixed forecasts on immediate and long-term economic prospects.
With the Fed adopting a more a pessimistic view, the revival has been swift in calls for the federal government to do more to help spur growth. But what can Washington do, and would it be counterproductive?
