Posts filed under “Regulation”

Rent Seekers vs Innovators

I love when I find thought provoking articles.

I was thinking about the concept of innovators (Steve Jobs, Jeff Bezos, and the Google Boys come to mind) versus those who would manipulate governments for their own benefits in the absence of innovation.

Which led me to this article from the Streetwise Professor about Elon Musk:

The Rent Seeker, Posing as Visionary

I still am working out the details. It is a fascinating concept, one with many shades of gray — but it very much has gotten me thinking . . .

Category: Regulation, Technology

Libor: The Spider Network

From the Wall Street Journal: The Libor manipulation scandal has ensnared at least 17 financial institutions and 28 individuals in a wide-ranging investigation spanning 11 countries and four continents. So far, it has netted at least $5 billion in penalties, with more on the way. Below, we’ve taken the most complete list of allegedly involved…Read More

Category: Finance, Legal, Regulation

Why Do Banks Feel Discount Window Stigma?

Why Do Banks Feel Discount Window Stigma? Olivier Armantier Liberty Street Economics January 15, 2014     Even when banks face acute liquidity shortages, they often appear reluctant to borrow at the New York Fed’s discount window (DW) out of concern that such borrowing may be interpreted as a sign of financial weakness. This phenomenon…Read More

Category: Credit, Regulation, Think Tank

The Volcker Rule: Faults and Virtues

Regulators hope the rule, named for Paul A. Volcker, the former Federal Reserve chairman, can cut risks taken by banks, but tiny holes in the 71-page rule may leave those banks some wiggle room.

By Channon Hodge and David Gillen December 10th, 2013

Category: Regulation, Video

Fannie Mae Didn’t Cause the Housing Crisis, Radical Ideologues Did

Source: Yahoo Finance

Category: Really, really bad calls, Regulation, Retail, Video

TDS: Blackstone & Codere

Blackstone & Codere amantha Bee investigates the shady, totally legal business dealings of a private equity firm called Blackstone.

Here is the original article: Blackstone Unit Wins in No-Lose Codere Trade: Corporate Finance


Category: Derivatives, Humor, Regulation, Video

Category: Really, really bad calls, Regulation, Think Tank

EU Fines Financial Institutions Over Fixing Key Benchmarks

From the Wall Street Journal: Six financial institutions were fined €1.71 billion ($2.32 billion) by European Union regulators Wednesday for colluding in an attempt to manipulate key benchmark interest rates, the EU’s largest-ever penalty in a cartel case. The settlements involved penalties against some of the world’s biggest banks, including Deutsche Bank, Société Générale, Royal…Read More

Category: Credit, Legal, Regulation

The Fed Wants To End Too Big to Fail (Treasury, not so much)

Quite a few people are discussing the speech given by Federal Reserve Chairman Ben Bernanke last week, titled The Crisis as a Classic Financial Panic. (See this, this and this). But while everyone is looking at the big dog, the rest of the pack has been out making very interesting noises. Indeed, if you pay…Read More

Category: Bailouts, Federal Reserve, Regulation

Ending Too Big to Fail

Ending Too Big to Fail William C. Dudley, President and CEO, NY Federal Reserve Global Economic Policy Forum, NYC, November 8, 2013     It is a great pleasure to have the opportunity to speak here today.  My remarks are going to focus on what is called the “too big to fail” problem.  As you…Read More

Category: Bailouts, Federal Reserve, Regulation, Think Tank