Question: Is there any talk of reinstating the Glass-Steagall Act? Paul Solman: For those who can’t remember as far back as 1933, Glass-Steagall was an act of Congress passed only three months after President Roosevelt took office and…

Question: What’s going on with the just-announced regulatory reform of derivatives? Paul Solman: Plenty. And you could say it’s about time. One of the leading scandals of recent years (and that’s no easy feat, considering how crooked a track…

Question: I am a commercial mortgage broker in California. I have had nearly every bank recently advise that their examiners are preventing them from lending. How can we get out of this mess if the examiners, in effect, prevent the…

Question: What are ‘quants’? Paul Solman: Quantitative experts, or if you prefer, “number jocks” or “math whizzes” who have gone to “Wall St.” (ie, the world of finance). They construct formulas for investing and packaging investments. Take their…

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