Posts filed under “Regulation”

History Lesson: Madoff tops charts; skeptics ask how

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Go to NakedShorts and read the entire 2001 article of the various ways some people challenged the Madoff story:

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If it sounds too good to be true…

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UPDATE: Paul points to this Barrons story from 2001

Don’t Ask, Don’t Tell
Barron’s MAY 7, 2001

http://online.barrons.com/article/SB989019667829349012.html

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Category: Legal, Regulation

More CRA Idiocy

Howard Husock has an exercise in cognitive dissonance in today’s NYT Op-Ed pages titled Housing Goals We Can’t Afford, and it begins: “The national wave of home foreclosures, many concentrated in lower-income and minority neighborhoods, has created a strong temptation to find the villains responsible.” What can you say about an Op-Ed whose very first…Read More

Category: Bailouts, Data Analysis, Legal, Politics, Psychology, Regulation

SEC’s Chair’s Bailout Bull$%&t

In what I can only type with a combination of disgust and astonishment, SEC Chairman Christopher Cox blames the current crisis on the “boom-and-bust cycles” of markets. “Financial markets, of course, are not perfect. In particular, they are susceptible to boom-and-bust cycles. Cycles of this sort have been a hardy perennial over the past 400…Read More

Category: Bailouts, Legal, Markets, Regulation

Capitalist Fools

Terrific piece in Vanity Fair by Nobel prize winner Joseph Stiglitz. I especially love the accompanying art work nearby. Stiglitz is da man: “The administration talked about confidence building, but what it delivered was actually a confidence trick. If the administration had really wanted to restore confidence in the financial system, it would have begun…Read More

Category: Bailouts, Corporate Management, Markets, Regulation

FDIC Chairman Sheila Bair on CRA: NOT Guilty

“Let me ask you, where in the CRA does it say to make loans to people who can’t afford to repay? Nowhere.” -FDIC Chairman Sheila Bair > This is old news to readers of the Big Picture, but I wanted to at least excerpt this: “I want to give you my verdict on CRA: NOT…Read More

Category: Credit, Real Estate, Regulation

What Did the Repeal of Glass-Steagall Do ?

Here is a question that I have been wrestling with: What exactly did the repeal of the Glass-Steagall Act accomplish? Were there positives as well as negatives? Should the Gramm-Leach-Bliley Act be repealed, and Glass-Steagall reinstated? > ~~~ What say ye? >

Category: Bailouts, Credit, Finance, Legal, Regulation

Bush WH Ignored Mortgage Meltdown Warnings

“In hindsight, it was spot on.” -Jeffrey Brown, former top official at the Office of Comptroller of the Currency, one of the first agencies to raise concerns about risky lending. > A brutally damning article about the warnings the Bush administration received and ignored was published this morning by the Associated Press. The AP summed…Read More

Category: Bailouts, Credit, Finance, Legal, Real Estate, Regulation

The Lost Generation

The Obama team is keeping its cards close to the vest. That’s probably a good way to manage expectations, good politics and it may even be good policy. Until the new team can get in place, there doesn’t seem much point in sending signals or taking responsibility for actions they cannot control. More to the…Read More

Category: BP Cafe, Regulation

Regulation after Bush

What does the future hold for regulating Wall Street? Regardless of who wins today’s election, both Barack Obama and John McCain have staked out different positions on issues involving economic regulation – and each is very different than the outgoing president. The Economists’ Voice looks at what we might expect in the post-Bush era: While …Read More

Category: Markets, Politics, Regulation

Bush’s Push For Deregulation

In the final months of his administration, Pres. Bush and his aides are requesting a series of regulation changes ranging from issues concerning the environment to the economy:

CBS Sunday Morning:


Watch CBS Videos Online

Nov. 1, 2008

Category: Legal, Regulation, Taxes and Policy, Television, Video