Blog
August 25, 2011
Final rule
August 25, 2011
Opening Remarks, Conference on Commodity Markets
August 25, 2011
Good morning and welcome to the Commodity Futures Trading Commission (CFTC). It’s... Read More
August 21, 2011
Andrew Haldane, executive director of financial stability at the Bank of England and member Financial Policy Committee, delivered a speech calling for the temporary lowering of capital requirements to boost lending.... Read More
August 20, 2011
I greatly admire cartoonists for their ability to say a books worth of insightful commentary in a single frame or a few frames. Scott Stantis, who's cartoons appear mostly in the Chicago Tribune, is one of the... Read More
August 18, 2011
Proposed rule
August 18, 2011
The New York Times has a front page article ("Justice Inquiry Is Said To Focus On S&P Ratings") with the following lead: "The Justice Department is investigating whether the nation’s largest... Read More
August 17, 2011
The Wall Street Journal just sent a Breaking News alert entitled "Fed Eyes Cash European Banks Have In US" which says "Federal and state regulators, signaling their growing worry that Europe’s debt... Read More
August 17, 2011
Everyone hangs on the next release of weekly, monthly, quarterly or annual economic news. Jobs, growth, manufacturing, profits, you-name-it and there'll be some big announcement about it fairly regularly.... Read More
August 17, 2011
Interesting article in the Wall Street Journal today about the estate of bankrupt Lehman Brothers winning a court case to reclaim bonuses paid to brokers as an advance on expected compensation, which didn't happen due to... Read More
August 17, 2011
In the wake of the collapse of Enron and the charges against the accounting firm of Arthur Anderson, Congress passed the Sarbanes-Oxley Act of 2002, which included a requirement for the GAO to study public accounting firms:... Read More
August 17, 2011
The former Vice Chairman of the Fed and current economics professor of economics at Princeton University, Alan Blinder, has a must-read column in today's Wall Street Journal entitled "A Tale of Two Downgrades... Read More
August 17, 2011
"How did we go from blaming 'banksters' for all our financial ills to now casting teachers, cops and firefighters as overpaid government slackers who are keeping an economic recovery from picking up steam?... Read More
August 15, 2011
This chart from today's New York Times article "Low Rates May Do Little to Entice Nervous Consumers" explains a great deal about the predicament the US is in.
The economy cannot revive unless... Read More
August 15, 2011
Why Does The Media Minimize The Crisis?
It’s easy to understand why politicians misleadingly claim the financial crisis is over (golly, it’s even making money for the government according to the most misleading... Read More
August 14, 2011
The New York Times has a page one article entitled "White House Debates Fight on Economy." The entire debate is about what the right political choice is. There is no discussion about what the RIGHT... Read More
August 14, 2011
The number of people unemployed, about 15 million, is thrown around all the time, but the people who are unemployed are almost always invisible, as are their families, circumstances and struggles. Other than an article... Read More
August 13, 2011
Only someone trained as an anthropologist, like The Financial Time's U.S. Editor Gillian Tett was, can appreciate not just behavioral economics, but also all things cross-cutting, cross-breeding, or cross-pollinating.... Read More
August 13, 2011
The Financial Times has an excellent article today reviewing the events of last week when the markets see-sawed from huge losses to huge gains and back again. The volatility was scary, nerve-wracking and... Read More
August 11, 2011
An interesting article in today's Wall Street Journal shows how shady bond deals throughout the US are still victimizing counties, cities, towns and states. http://online.wsj.com/article/... Read More
August 11, 2011
Every time I see or hear Jamie Dimon's latest comment, pronouncement, pontification, excoriation, window dressing, excuse, whine, or what-have-you, I think of the terrific, not-to-be-missed piece written... Read More