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Tag Archives: securities

Opacity crisis…

“The wise man bridges the gap by laying out the path by means of which he can get from where he is to where he wants to go.” 
+ + John Pierpont Morgan + +
I’m giving a talk in Washington this week entitled… “U.S. Bond Market Basics & Recent Events“… timely…
I’ve been developing some thoughts about [...]

Disclose it…

  The SEC is hosting a roundtable on the 21st Century Disclosure Initiative tomorrow… bring it on!
I have one word for the Commission… murky… the markets are MURKY… more disclosure is needed…
Go ahead overshoot… swing the pendulum really far in the other direction… here are my recommendations… (which I’ve forwarded to the SEC…)
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The IDEA [...]

Orisons…

    To grunt and sweat under a weary life,
    But that the dread of something after death,
    The undiscover’d country from whose bourn
    No traveller returns, puzzles the will
    And makes us rather bear those ills we have
    Than fly to others that we know not of?
    Thus conscience does make cowards of us all;
    And thus the native hue of resolution
    Is [...]

Downstream…

From WSJ.com … ~~”Facing pressure from regulators, Fidelity Investments will buy back an estimated $300 million in auction-rate securities from its customers.
Anne Crowley, a spokeswoman for the Boston mutual-fund giant, said it notified regulators in New York and Massachusetts on Friday that it will repurchase at par value auction-rate securities that were purchased through the [...]

ARS hearing…

Financial Service Committee to Hold Hearing on Auction Rate Securities Market
            Washington, DC – House Financial Services Committee Chairman Barney Frank (D-MA), today announced that the committee will hold a hearing to review problems and potential resolutions to the auction rate securities market.  Specifically, the hearing will examine the continuing crisis in the markets for [...]