The WSJ is reporting on the SEC’s project to standardize and tag the reporting of mutual fund data… XBRL (Extensible Business Reporting Language) … from the WSJ…
“Among the first mutual funds to participate in the program are Allegiant Advantage Fund, American Funds’ Europacific Growth Fund, Mulhenkamp Fund and Vanguard 500 Index Fund.”
“The coding pulls out […]
This credit storm is enormous…
The clearest proof is the news that the Federal Reserve is allowing money center banks to breach the regulatory limits on lending to their BD affiliates… from CNNmoney.com:
“The Aug. 20 letters from the Fed to Citigroup and Bank of America state that the Fed, which regulates large parts of the U.S. financial […]
As we watch in wonder as the credit and interest rate edifice is whipped about in the strong winds… we see in the distance the actions of three giants…
1. >>> Treasury Secretary Paulson gives an interview to the Wall Street Journal about the market turmoil. Mr. Paulson is the largest gun in the government/regulator arsenal. From the WSJ […]
Central bankers have injected significant liquidity into the world’s developed economies… (See WSJ.com here)
The central banks have done this in a surprisingly transparent manner…which is good…
Concurrently the SEC is evaluating the balance sheets and trading books of the major US broker dealers… the WSJ reports that the SEC’s Office of Compliance, Inspections and Examinations is checking to see […]
The SEC announced the resignation of Commissioner Roel Campos today.
SEC Chairman Christopher Cox said ”…his initiatives for ordinary investors — including his work to provide better disclosure for workers with 401(k) plans — have helped keep America’s markets the best in the world.”
We also especially thank Commissioner Campos for his work on rating agency reform and […]
