Posts filed under “Regulation”
Yesterday on my commute to work, I became annoyed with the spotty coverage and slow connection provided by Verizon Wireless. I tweeted my frustration.
Imagine my surprise when AT&T’s social networking Tinkerbell responded to me: “Connect when and where you want with our reliable 4G LTE!”
I found that amusing. The reason I switched to Verizon Wireless was because AT&T was so awful. I bought the first version of the iPhone, with AT&T as the sole carrier. The device was a delightful and innovative glass brick. Great apps, brilliant design, game-changing paradigm shift. Except for that whole wanting-to-make-phone-calls on it issue. For that purpose, it was worthless. That’s what I mean by glass brick. I returned it for a full refund, and got some ugly non-iPhone at Verizon that I actually could make phone calls on.
Once Verizon got the iPhone, I returned to the glass brick, new and improved — now with phone-calling capabilities!
All of which raises the question: Why are telecom services in the U.S. so unconscionably awful? Sure they’re expensive, but at least they are slow and unreliable! We invented most of the technologies so why are they so superior in other countries? continues here
Spreading Sunshine in Private Equity Andrew J. Bowden, Director, Office of Compliance Inspections and Examinations Private Equity International (PEI), Private Fund Compliance Forum 2014 New York, NY May 6, 2014 Andrew J. Bowden is the Securities and Exchange Commission’s Director of Office of Compliance Inspections and Examinations (OCIE) and will lead its National Exam…Read More
Depositor Discipline of Risk-Taking by U.S. Banks Stavros Peristiani and João Santos Liberty Street Economics April 14, 2014 This post is the second in a series of six Liberty Street Economics posts on liquidity issues. The recent financial crisis caused the largest rise in the number of bank failures since the unprecedented banking crisis…Read More
Today, I am compelled to direct your attention today to a column by my Bloomberg colleague Jonathan Weil, titled “The Best SEC Speech Ever.” The speech that Weil referred to in the headline was the retirement speech of Jim Kidney, a 25-year veteran trial attorney at the Securities and Exchange Commission. Three things stood out…Read More
Jim Kidney’s SEC Farewell Speech Now what you have all come here for. To hear some final words from Jim Kidney. Emphasis on FINAL. I originally planned this to start at noon so I could give a four hour speech getting even. But sadly, it is not to be. I went through my grudge…Read More
Ian Fraser: “Not only is HFT legalized front-running. It is also a socially worthless activity that amplifies market movements, increases market fragility, inflates asset price bubbles, and naturally worsens market crashes. And as we saw with the ‘Flash Crash‘ of May 2010, it can also fuel market mayhem.” -Q-Finance Discuss . . .