Skip to content

Category Archives: Launching…

I’ve been over at MuniLand

  This blog has been neglected for quite some time as I’ve been blogging about the municipal bond market at my MuniLand blog at Reuters. I post twice a day there with a morning round-up of links from the web and interesting bits from Twitter. The morning post is called “MuniLand Snaps”. In the afternoon […]

Open source time….

Well… I’ve been over at Riski all the time… and on Twitter too… Visit over there… and I’ll have a new project coming soon…

Capitalism’s scalptakers

I got a call yesterday from the communications director of the SEC’s Enforcement Division. He asked if I would publicize several high level job openings. Here are the positions: Associate Director, Division of Enforcement Chief Counsel, Division of Enforcement Associate Director – Office of Whistleblower Coordinator I’m very happy to do this for several reasons: […]

This is real leadership – Liz Warren for consumer financial protection head

The primary lubricant of the financial system is confidence… Restoring American’s belief in the financial and banking system will require years. Americans must believe that the credit, investing and savings products offered to them represent fair dealing. Elizabeth Warren is the best person to lead the new consumer financial protection agency. I hope that President […]

Dodd-Frank Wall Street Reform and Consumer Protection Act

* * * A ten page summary of the Dodd-Frank Wall Street Reform and Consumer Protection Act * * * The full text of the Dodd-Frank Wall Street Reform and Consumer Protection Act * * * Davis Polk interprets the Volcker rule Kudos to House Financial Services Committee Chairman Barney Frank on the level of transparency in the legislative process… good show…

How to untangle the credit rating agency’s conflicts of interest

The House and Senate conferees worked hard to today to reconcile their versions of financial reform. Agreement was reached on private funds, insurance regulation and the merger of bank regulators. A sticking point was on Subtitle C of Title IX which covers credit rating agencies. I’d like to recommend to Chairman Barney Frank and others that they propose […]

Credit ratings agencies are more powerful than regulators – why not harness that?

Tomorrow the House and Senate conference committee is finalizing the language for credit rating agencies. The push and shove is in full flight… Senator Al Franken is promoting his amendment to establish a “ratings board” that will assign a specific rater (Nationally Recognized Statistical Rating Organizations [NRSRO]) to rate structured finance deals. If adopted his amendment […]

Kite flying

From FT Alphaville some comments from Tullett Prebon economist Lena Komileva on the similarities and differences between the growing Euro sovereign contengion and Lehman’s collapse… Basically she’s saying it’s an order of magnitude bigger this time… or maybe two orders of magnitude… ~~~ “…The current episode of the global crisis is similar to the crisis mechanism […]

Let the sunlight in…

Conservatives and progressives worked together to support Senator Sanders in his quest to have the Federal Reserve audited. Kudos to Senator Sanders. We took a big step forward  in reclaiming our nation today. Bloomberg reporting… ~~~ “The Senate approved an amendment to the regulatory-overhaul bill authorizing a one-time audit of the Federal Reserve’s emergency-lending programs, […]

The continuing expansion of the Federal Reserve’s scope

From Washington’s Blog: ~~~ “On Tuesday, I wrote: The Fed argues that an audit would interfere with its monetary policy decisions. [But] decisions about what toxic assets should be accepted by the Fed as collateral, how such assets should be valued, and who bailout funds should be given to are wholly separate from the Fed’s core monetary […]