Amendments to Dodd bill -
HT — Shahien at Huffpo
Filed in Launching..., Open engines, Regulatory, Restructuring, Transparency
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Also tagged audit the Fed, CDS, Congress, derivatives, markup, SEC, securities, swaps, Wall Street, Washington
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Wednesday, March 17, 2010
I’m attending a hearing of the House Financial Services Committee today.
Ben Bernake and Paul Volcker will testify to the House of Representatives on “Examining the Link Between Fed Bank Supervision and Monetary Policy.”
I have a fundamental question about how the Federal Reserve separates it’s oversight and dealings with Wall Street from it’s public stewardship of the nations economy.
This is [...]
Friday, February 12, 2010
From PBS’s Lehrer show… ” As part of his continuing series of reports making sense of business and the economy, Paul Solman examines the inner workings of investment powerhouse Goldman Sachs and how it makes money.”
Thursday, February 11, 2010
From Jesse’s Cafe a useful view into the relative contribution of states to GDP…
Who will backstop California?
Wednesday, February 10, 2010
The Chicago Fed has published a short paper on high frequency trading… makes you wonder how much economic activity this trading represents for the Chicago area…
The fundamental issues around high frequency trading are systemic risk and investor fairness. Unfortunately this paper doesn’t address either one of those issues…
From the conclusion of the paper “Controlling risk in [...]
Wednesday, February 3, 2010
Bloomberg’s Brian Luke reports on the outlook for the U.S. mortgage-bond market. (running time = 1:40 minutes)
Fails to deliver are a problem that the Fed have not addressed since the giant daisy chain fails problem after 9/11…
Primary dealers… financial market utilities…
Tuesday, January 26, 2010
Bloomberg reports on the Senate’s failure on it’s first try to address the burgeoning fiscal crisis facing the United States.
The Senate voted 53-46 against legislation that would have mandated that Congress adopt recommendations made by a newly created budget panel. This panel could have recommended tax increases, changes in entitlements or other structural changes.
First strike for our country [...]
Filed in Creativity, Liquidity, Recession busters..., Regulatory, Restructuring, Transparency
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Also tagged Bernanke, debt, economic justice, economy, IMF, Obama, Senate, Treasuries
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Lucian Bebchuk of Harvard has made the best rebuttal to Chairman Bernanke’s defense of AIG counterparty payments at 100 cents on the dollar… but no one seems to be focused on the remaining CDS exposure of $1.6 trillion that AIG and the US taxpayers have… I think this might be an important point before the [...]
A picture’s worth a thousand words…
Excellent commentary at ZeroHedge…
Click the graph for an extra large version…
Saturday, December 19, 2009
We have to admit how much more sophisticated the British are about managing their financial sector… but then they have had so many more hundreds of years to do it… they did have a fully blown banking system as we fought them to become independent… 1660’s anyone?
Listen to Andy Haldane of the Bank of [...]