Matthew McCormick, a portfolio manager at Bahl & Gaynor Inc., talks about the prospects for legislation to overhaul U.S. financial regulation and the implications for financial stocks.
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Let’s move away from the shadow banking system and go to a new place > > >
Narrow banking is a proposed type of bank called [...]
Filed in Launching..., Open engines, Recession busters..., Regulatory, Restructuring, Transparency
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Also tagged break up banks, break up the banks, Congress, narrow bank, regulatory abritrage, Wall Street, Washington
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Ross Levine and Glenn Loury of Brown University argue that the 2007-2009 financial crisis is repeat of the S&L crisis ”extend and pretend” treatment of bank solvency. Expect this to become a meme soon… cause it’s true…
And another important critique of extend and pretend at ZeroHedge… a comparison to the Latin debt crisis and [...]
Filed in Liquidity, Open engines, Regulatory, Restructuring, Trading, Transparency
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Also tagged credit, crisis, Geithner, Obama, prop trading, regulatory abritrage, Summers, Volcker
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Jacques Polak Research Conference at the IMF
Financial Frictions and Macroeconomic Adjustment
Washington DC, November 5—6, 2009
Session 4: Asset Prices and Crises
Chair: Jan Brockmeijer (Deputy Director, Monetary and Capital Markets Department, IMF)
Do Global Banks Spread Global Imbalances? The Case of Asset-Backed Commercial Paper During the Financial Crisis of 2007–09
Viral Acharya (New York University, NBER and [...]
Filed in Creativity, Liquidity, Open engines, Regulatory, Restructuring, Transparency
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Also tagged ABS, accounting, BofA, Citi, credit ratings, regulatory abritrage, SIVs
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Wednesday, October 28, 2009
The financial system must be substantially reformed and put on a more stable basis. Who will do this?
From the Huffington Post…
~~~ “One reason — which has never been directly addressed by Obama — may be that many of his chief financial advisers have pocketed extraordinary amount of money from banks and Wall Street, [...]