Ezra Klein

Ezra Klein is a staff reporter at The Washington Post. You can read his blogging here. His work has appeared in the LA Times, The Guardian, The Washington Monthly, The New Republic, Slate, and The Columbia Journalism Review. He's been a commentator on MSNBC, CNN, NPR, and more.

Recent Articles

TESTING THE STRESS TESTS.

For more stress test commentary, check out this roundtable the New York Times held with an array of financial system experts, including Yves Smith, Simon Johnson, and William Black. The assessments range from furiously negative to grimly unconvinced. It's, err, stressful* reading.

*Sorry, sorry...

DAY OF STRESS.

The results of the Supervisory Capital Assessment Program -- sorry, the stress tests -- are out. You can download the full release here.

THE WASHINGTON HOUSE FOR UNEMPLOYED TRADERS LOOKING TO SAVE THEIR SOULS.

I had an interesting e-mail exchange yesterday with a finance expert thinking of moving to DC. Come, I said. There's work for you. And there is! Too much, in fact. One of the problems bedeviling Washington's response to the financial crisis is that there's very little financial expertise outside Wall Street. There's some in the regulatory sector. But just about none in the ideas industry. And there's a reason for that. I'm not going to say finance is boring, but the sort of people who are interested in it tend to be the people who are interested in making money in finance, not in moving to DC and taking an entry level job at Brookings for $32,000 a year. And it's not as if Wall Street has been picky about hiring in recent years.

THE SEC (YEAH YOU KNOW ME!).

It's sort of received wisdom that the Securities and Exchange Commission is irredeemably captured by the financial industry and totally incapable of conducting its daily affairs. But what you didn't know was how comically incompetent it was. Moe Tkacik -- with an assist from a GAO report -- explains.

IN DEFENSE OF MALCOLM GLADWELL.

Sorry for the slow blogging today. Meetings are the enemy of the blog. But I did want to say a word on Malcolm Gladwell, who's coming in for a lot of semi-deserved flack for his article on underdogs. In the piece, Gladwell offers up a puff job on Silicon Valley parent who coached a team of 12-year-olds to championship by spurring them to employ full court press. Gladwell uses this to make his point about the tactics of the underdog: The weaker power can only win if it aggressively defines the rules of the conflict in a way that disadvantages the stronger power. This isn't exactly a new insight: It's called asymmetric warfare.

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