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"President Obama’s $447 billion jobs plan got generally good reviews from economists on Friday, though several noted one glaring omission: The plan does not include a comprehensive way to address... Read More
As you get through the many things you have to do today, tomorrow, this week, this month and, for that matter, the things you might do during your, at most, 100 years here on earth, remember that 200... Read More
Advanced Notice of Proposed Rulemaking for Treatment of Asset-Backed Issuers
Advanced Notice of Proposed Rulemaking for the Use of Derivatives by Investment Companies
The New York Times Public Editor has an insightful, if incomplete, piece in today's paper on the very profitable Dealbook section of the paper and its web presence entitled "Financial News for the Rest of Us.... Read More
What is the employment crisis doing to Americans, their families and their communities?  Read this article in today's Washington Post to find out:  Working on the Fringe.  "I'm sorry, but this is... Read More
Anyone who cares about the future of our country, must read Robert Samuelson's column today, which details a potentially depressing decade of unemployment and underemployment: "We have entered a long period of... Read More
Railing about deficits in the short term while virtually ignoring the unemployment crisis has resulted in mass unemployment that is devastating not just families, but communities and, in many ways, our country, as Paul... Read More
FT's ever insightful Lex column has a wonderfully concise take down of the business lobbyist's charge that it would be "barking mad" to implement UK banking reforms now:  "The policy conclusions... Read More
Hyperbole has its place, but it's often used as a smokescreen to hide the truth, to distract from the truth or as the last yelp of a wounded animal.  All three apply to the headlines out of the UK today where... Read More
Martin Wolf has another great column in today's FT entitled "Struggling with a Great Contraction," where he sees so much about the US so much more clearly: "The authoritative National Bureau of Economic... Read More
The FT has a terrific editorial today on UK bank reform where it appropriately reminds people of facts that the banks and their apologists continually obscure, deny or ignore: "Lest it be forgotten, Britain still... Read More
An FT editorial today calls out banks' bogus arguments for delaying reform due to concern for lending and the economy:  "The real reason smaller businesses are not very creditworthy is because of the lacklustre... Read More
Today's Wall Street Journal has a terrific article on the FHFA, Fannie, Freddie and the state of housing in the US. This chart from the article says a great deal about who was originating mortgages when and the losses... Read More
CFTC Chief Economist Andrei Kirilenko convened a conference last Thursday and Friday in Washington, DC, to discuss commodity markets.  Here's the Agenda. The papers are supposed to be available on the CFTC website... Read More
More words have been created in the last three years to cover up the fraud at the core of the financial crisis and afterwards, but one of the most outrageous has to be "robo-signing."  "Robo-signing... Read More
Now here's something to think about: "The Fed's green-lighting of capital returns also ran counter to recent experience.  Many banks spent huge amounts buying back stock in the years before the [2008]... Read More
The FTC staff released what it called a "report" today that supposedly concludes that speculation isn't playing a very big role in crude/gas prices.  Presumably as planned, all the media reported it... Read More
The Wall Street Journal reports today that the Fed is asking Bank of America to provide it with options it would take in the event its condition deteriorated along with the economy.  That's the good news.  The... Read More
The primary reason banks, bankers and the broader financial industry haven't been held accountable for their egregious and likely illegal conduct in, before and after the 2008 financial crisis is because it was feared... Read More