Saturday, September 26, 2009
Here is what individuals, corporations, local, state and federal government are faced with… Mountains of debt that accumulated over the years… $50 trillion of combined debt… Particularly the debt of financial companies… from the New York Times’ Floyd Norris… ~~~~”…For most of the last two decades, the biggest increase in debt in America came from financial companies. [...]
Filed in Liquidity, Open engines, Recession busters..., Restructuring, Transparency
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Tagged confidence, Congress, consumerism, debt, Federal Reserve, Obama, Wall Street
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Wednesday, September 23, 2009
The staff of the Senate Banking Committee was kind enough to send me a copy of Senator Reed’s proposed derivatives legislation. You can read it here… To see more about derivatives legislation see Riski… the open source platform for financial markets regulation.
Monday, September 21, 2009
As a nation we are facing some very difficult conditions. We have made personal consumption, the financial industry, health care and housing the engines of our economy. The fuel for this economic activity has been excessive levels of borrowing at the personal, corporate, municipal and federal levels. Our debt levels are staggering. Making all this [...]
Friday, September 18, 2009
The SEC approved additional rules for credit rating agencies yesterday. This follows on numerous rulemakings over the past several years… Kudos to the Commission and staff for their effort to shape rules for this space. Credit rating agencies lie at the nexus of credit markets. Their “opinions” determine pricing and credit availability for all rated entities. [...]
Thursday, September 17, 2009
And the “too big to fail” banks get bigger… and the instability of our financial system will increase again… Interview and discussion with the Chairman and C.E.O. of KBW, John Duffy giving his thoughts about the economy and the market. Bloomberg News, (running time – 9:20 minutes)
Tuesday, September 15, 2009
(Running time 5:00 minutes)
Tuesday, September 15, 2009
Many thanks to Chris Dorobek and Amy Morris of Federal News Radio for interviewing me about Riski. It was great to get a chance to talk about the structure and purpose of the project. Listen here: Riski on Federal News Radio Running time 10:00 minutes President Obama spoke today in New York about reforms to the [...]
Tuesday, September 15, 2009
Interview with Stephen Roach of Morgan Stanley Asia. He gives his views on the U.S. and Asian economies a year after Lehman’s collapse. (Bloomberg News, running time 7:00 minutes) Mr. Roach notes that “that the shape of the recovery is going to be written by the American consumer and the last time that I looked [...]
Friday, September 11, 2009
Yesterday, I lay awake in the palm of the night. A soft rain stole in, unhelped by any breeze, And when I saw the silver glaze on the windows, I started with A, with Ackerman, as it happened, Then Baxter and Calabro, Davis and Eberling, names falling into place As droplets fell through the dark. [...]