Edition:
United States

Bethany McLean

Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.

Twitter handle: @jeffmason1

May 28 2014

How corporate jets fly under shareholder radar

Jos. A. Bank’s plane is not identified in the company’s financial statements. It's a perfect example of how a company can thread the needle of disclosure rules -- without breaking any laws.

Sep 24 2013

The top five unlearned lessons of the financial crisis

In capital we trust. Capital is our savior, our holy grail, our fountain of youth, or at least health, for banks. Seriously, how many times have you read that more capital will save the banks from another Armageddon? Even the banks point to capital as a reason to have faith. "Financial institutions have also been working alongside regulators to make themselves and the financial system stronger, more transparent, more resilient and more accountable," wrote Rob Nichols of the Financial Services Forum, which is made up of the chief executive officers of 19 big U.S. financial institutions. "Specifically, capital, which protects banks from unexpected losses, has doubled since 2009." If you were a cynic — who, me? — you might say that the mere fact that the banks are pointing to capital is proof that capital is not all that.

Sep 24 2013

The top five unlearned lessons of the financial crisis

In capital we trust. Capital is our savior, our holy grail, our fountain of youth, or at least health, for banks. Seriously, how many times have you read that more capital will save the banks from another Armageddon? Even the banks point to capital as a reason to have faith. "Financial institutions have also been working alongside regulators to make themselves and the financial system stronger, more transparent, more resilient and more accountable," wrote Rob Nichols of the Financial Services Forum, which is made up of the chief executive officers of 19 big U.S. financial institutions. "Specifically, capital, which protects banks from unexpected losses, has doubled since 2009." If you were a cynic — who, me? — you might say that the mere fact that the banks are pointing to capital is proof that capital is not all that.

Aug 20 2013

Taking government out of the mortgage business is harder than it looks

Limbo. That's the word most people use to describe the state of affairs in a critical part of our economy — housing finance. The government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, which were nationalized almost five years ago with the seemingly noble goal of eventually getting rid of them, now back some 90 percent of American mortgages. So much for good riddance!

Aug 07 2013

Column: The crackdown on bank misbehavior masks a troubling reality

"Ex Goldman Trader Found Guilty for Misleading Investors." "Bond Deal Draws Fine for UBS." "JPMorgan Settles Electricity Manipulation Case for $410 million." "Deutsche Bank Net Profit Halves on Charge For Potential Legal Costs." "US Sues Bank of America Over Mortgage Securities." "Senate Opens Probe of Banks' Commodities Businesses." "US Regulators Find Evidence of Banks Fixing Derivatives Rates." "Goldman Sachs Sued for Allegedly Inflating Aluminum Prices."

May 21 2013

Column: How much does Jamie Dimon matter?

After weeks of near-constant coverage of the big decision — will JPMorgan Chase shareholders keep Jamie Dimon as chairman and CEO or relegate him to just CEO? — the verdict came at JPMorgan's annual meeting in Tampa, Florida.

Feb 08 2013

コラム:米アップル、さらなる株価下落の現実味

表面的な数字だけで判断すれば、現在の米アップル株は、史上最も割安な銘柄の1つと言える。昨秋に700ドルを突破して過去最高値を付けて以降、同社の株価は一時4割近く下落した。1月下旬には2012年10―12月期の純利益がほぼ横ばいとなったのを受け、12%急落したこともあった。

Jan 25 2012

Reuters Magazine: McLean: Faith-based economic theory

The Republican candidates for president have some major differences in their policies and their personal lives. But they have one striking thing in common - they all say the federal government is responsible for the financial crisis. Even Newt Gingrich (pilloried for having been a Freddie Mac lobbyist)says: "The fix was put in by the federal government."

Nov 18 2011

The euro zone’s self-inflicted killer

There were a lot of things that were supposed to save Europe from potential financial Armageddon. But the biggest gun in Europe's arsenal is turning out to make the problem worse.

Nov 01 2011

Did accounting help sink Corzine’s MF Global?

Although the size of MF Global's wager has received a great deal of scrutiny, the accounting and the disclosure surrounding it have not--and may have played a role in the firm’s demise.

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