Skip to content

Category Archives: Uncategorized

This House Committee is on F.I.R.E.

Remember those lost on this day

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. [...]

Too big to fail software

Reblogged from Finextra… Microsoft kills off Money In the face of increasing competition from banks, brokerage firms and dedicated Web sites, Microsoft is scrapping its Money personal finance management software. The firm says it will stop selling the software, which was first introduced in 1991, on 30 June. The move comes after Microsoft stopped selling [...]

Regulating credit default swaps

Regulating Credit Default Swaps Preview For Press I’ll be blogging the PRMIA event on the regulation of credit default swaps… here is an excellent presentation from the moderator of the event, Gary Kopff… The panel includes Joseph Mason from Louisiana State University, Ann Rutledge from RR Consulting, Tim Ryan of SIFMA, Michael Greenberger from University [...]

Framing the issues

  Professor George Lakoff writes… ~~~~ ““Because the “free market” doesn’t exist. There is no such thing. All markets are constructed. Think of the stock exchange. It has rules. The WTO [World Trade Organization] has 900 pages of regulations. The bond market has all kinds of regulations and commissions to make sure those regulations carried [...]

I believe that transparency and neutrality of information actually reduce uncertainty and promote stability.

Excellent speech by John Smith, the Chairman of the International Accounting Standards Board, given May 8th at the European Commission Conference “Financial Reporting in a Changing World” … He begins by making the case for the United States to adopt IFRS (the International Financial Reporting Standards)… this seems an easy decision for a country with a free [...]

diversify, stay short and lean toward quality

Bond Investing in a Weak Economy – Analysis and Discussion with Jay Mueller of Wells Fargo (Bloomberg News – running time ~ 5 minutes) Mr. Mueller talks about the potential for inflation and he says about buying muni bonds… “use high diversification, stay short, and lean toward quality…”

SEC roundtable on credit rating agencies

 The SEC credit ratings roundtable will be webcast here… Here is the agenda…  and some coverage from the WSJ.com…

Open Yucca Mountain

Analysis and report by Mark Pittman of Bloomberg News regarding another $1 trillion writedown for banks. (Bloomberg News) (Running time 4:00 minutes)/// Writedowns and asset sales…. how will these assets be purchased? Will it be an open and transparent process or a “rigged game”? From FT.com ~~~~ “US banks that have received government aid, including Citigroup, Goldman [...]

Does banks’ size distort market prices?

 Evidence for too-big-to-fail in the CDS market ~ Discussion PaperSeries 2: Banking and Financial Studies       No 06/2009 Discussion Papers represent the authors’ personal opinions and do not necessarily reflect the views of the Deutsche Bundesbank or its staff. Deutsche Bundesbank, Wilhelm-Epstein-Strasse 14, 60431 Frankfurt am Main, Postfach 10 06 02, 60006 Frankfurt am Main Tel +49 [...]