Roger Lowenstein, Investment Banker, Mansplains Elizabeth Warren

Roger Lowenstein, a director of the Sequoia Fund–the flagship fund of Ruane, Cuniff & Goldfarb–wants to explain how regulation works to Elizabeth Warren, who he describes as “the nation’s unelected regulatory czar” and someone who–dear, oh dear–paints “bankers with as broad a brush as Donald J. Trump uses to demean Muslims.” He does so in anContinue reading “Roger Lowenstein, Investment Banker, Mansplains Elizabeth Warren”

How Low Can You Go? The Market for Regulatory Fees

The close, unholy, and corrupt relationship between Wall Street and Capitol Hill isn’t really news any more. And so inured have our sensibilities become to the giant, rigged con-game that is today’s financial-political system, that exposure to yet another one of its details fails to induce any suitably condemnatory reaction. Still, that said, when aContinue reading “How Low Can You Go? The Market for Regulatory Fees”