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Financial Regulation

Can Regulation Provide Global Financial Stability?

Georges Ugeux | Posted 06.25.2014 | Business
Georges Ugeux

Achieving financial stability will continue to require risk management skills, good governance, personal ethics, and, above all, courage to act to prevent further deterioration of finance.

No Law Is Perfect

Rep. Charles Rangel | Posted 06.13.2014 | Politics
Rep. Charles Rangel

The Dodd-Frank Wall Street Reform and Consumer Protection Act is a massive piece of financial reform legislation that I voted for and was signed by President Obama in 2010. Was it perfect? Of course not. No massive piece of legislation is perfect -- and that's why we constantly work to improve the law.

Brokers Fight Rule To Favor Best Interests Of Customers

The New York Times | TARA SIEGEL BERNARD | Posted 06.13.2014 | Business

David O’Brien, a certified financial planner, has tried to repair the retirement portfolios of several victims over the years. There was the high sc...

Understanding Bitcoin

David Bergstein | Posted 06.05.2014 | Business
David Bergstein

Through recent conversations with various friends and colleagues, it has become apparent that Bitcoin is somewhat of a mystery to the majority of the population. The common query, even among seasoned investors, is inevitably, "What is Bitcoin?"

The Real Lesson From the EFH Bankruptcy

Eileen Appelbaum | Posted 07.16.2014 | Business
Eileen Appelbaum

Even when private equity firms seem to do everything right and treat other stakeholders fairly, the private equity business model is fundamentally a high-risk strategy built on excessive debt.

The Best Monetary Policy Is Strict Financial Regulation

Anthony W. Orlando | Posted 06.18.2014 | Politics
Anthony W. Orlando

In recent years, private-sector forecasters have been surprisingly accurate at forecasting changes in the unemployment rate, but they have been equally inaccurate when forecasting changes in the federal funds rate, the baseline interest rate controlled by the Fed.

Howard's Daily: The Two-Way Peril of Regulatory Ossification

Philip K. Howard | Posted 05.18.2014 | Politics
Philip K. Howard

To guard against the next financial crisis, the first task is not to rely upon Dodd-Frank, but to go back and radically simplify it.

Bitcoins and Animal Spirits

Said Elias Dawlabani | Posted 04.30.2014 | Business
Said Elias Dawlabani

For a few years I've been warning about the dangers inherent in the digital currency bitcoins. Not because of the virtues of its creators, but because...

The Bitcoin Is Victim of a Ponzi Scheme While Regulators Sleep

Georges Ugeux | Posted 03.29.2014 | Business
Georges Ugeux

When the Federal Reserve Board pronounces that virtual "currencies like Bitcoin have legitimate uses and should not be banned," it commits two sins.

Dimon Calls Gov't Action 'Unfair'

Reuters | Posted 03.25.2014 | Business

Jan 23 (Reuters) - JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on television on Thursday that government legal actions that the com...

Banks Could Still Blow Up The World

The Huffington Post | Mark Gongloff | Posted 01.25.2014 | Business

Big banks are perfectly safe these days, unless you count all those weapons of mass financial destruction they've got lying around. And who's counting...

Wall Street's All-Out War Against Financial Regulation Continues Unabated

Dennis M. Kelleher | Posted 03.18.2014 | Business
Dennis M. Kelleher

Only in the warped, distorted, Alice-in-Wonderland world of Wall Street would one think "Washington went to war against big Wall Street banks" or that "Washington won [the war] in a blowout," as said today in a Politico article.

Regulators Consider Watering Down Volcker Rule Even More

Reuters | Posted 01.25.2014 | Business

WASHINGTON (Reuters) - U.S. bank regulators said on Friday they would consider exempting certain complex securities from the so-called Volcker rule af...

We Just Dumped a Bag of Money on a Congressman -- Here's Why

Josh Silver | Posted 02.10.2014 | Politics
Josh Silver

As an anti-corruption advocate, I don't have a position on derivatives trading. What I do have a position on is corruption, and H.R. 992 is a textbook case of the way corruption has turned the People's House into an auction house.

Shahien Nasiripour

Volcker Rule Finalized With Wall Street Responsible For Judging Compliance

HuffingtonPost.com | Shahien Nasiripour | Posted 01.25.2014 | Politics

Big Wall Street banks face an uneasy future after U.S. regulators on Tuesday finalized the Volcker Rule, a measure that attempts to curtail big bets o...

Structural Stagnation, Bubbles, and the Volcker Rule

Jared Bernstein | Posted 02.09.2014 | Business
Jared Bernstein

It's pretty hard to miss the shampoo cycle -- bubble, bust, repeat -- that has characterized the last few business cycles in the American, and more recently, European and even Scandinavian economies. It's also the case that choice economists since Adam (Smith, of course) have recognized this proclivity towards financial market instability. Thus far in the current expansion that began in 2009Q3, financial markets and corporate profitability have far outpaced the rest of the economy. I'm not saying we're in another financial bubble, though no less than Robert Shiller recently raised that concern. But I'm decidedly saying that unless we enact and enforce tough financial market regulation, that's where we're headed.

The Volcker Rule's Biggest Myth

The Huffington Post | Mark Gongloff | Posted 01.25.2014 | Business

They're already starting to complain about it, those banks and the people who love them: The Volcker Rule, the new restriction about to be slapped on ...

We Put a Big Hurt On the Big Banks

Rep. Alan Grayson | Posted 01.31.2014 | Politics
Rep. Alan Grayson

And after that, I respectfully would ask the big banks on Wall Street please to explain to us what they've done to prevent a replay of 2008, when they wiped out one-fifth of the entire wealth of this nation, accumulated over two centuries, in only 18 months.

#AskJPM Blow Up Nothing to Laugh About

Dennis M. Kelleher | Posted 01.25.2014 | Business
Dennis M. Kelleher

Regarding the #AskJPM blowup, one article began by asking the right question: "What were they thinking?" The answer is, they weren't thinking; they were all talking to themselves and like-minded executives.

An Open Letter to the CFPB

Bill Bartmann | Posted 01.23.2014 | Business
Bill Bartmann

Having spent a lot of time thinking about this problem, I want to offer to you five simple ideas that will suppress the "criminal enterprise", uplift families, protect the safety and soundness of the banking system and ensure a functional credit and debt collection process.

Two Steps Forward and One Step Back -- First Impressions of Proposed Crowdfunding Rules

Rohan Kusre | Posted 12.24.2013 | Small Business
Rohan Kusre

We have been waiting a long time for this moment. Sitting on the edge of our seats, money in hand for more than 18 months. The private equity field has been bracing for a shake up and it is finally here.

Private Offerings

Schuyler M. Moore | Posted 11.30.2013 | Entertainment
Schuyler M. Moore

Due to the dearth of alternative sources of financing, there recently has been a resurgence of film companies raising capital through securities offerings that are exempt from registration with the SEC, referred to as private offerings.

Five Years Later: Wall Street Is Still At It

Ralph Nader | Posted 11.20.2013 | Business
Ralph Nader

President Obama is clearly aware of the risk associated with Wall Street misbehavior, but he has failed to champion significant reforms. Here are several suggestions that the president should consider.

Taper and Tantrums

Michael Farr | Posted 09.20.2013 | Business
Michael Farr

Markets can process and react to good news or bad news, but they hate uncertainty. We view the continued uncertainty over tapering as a potential negative.

How Wall Street Devoured the Recovery

Les Leopold | Posted 11.20.2013 | Business
Les Leopold

Our new economic era is characterized by the supremacy of financial capital which vacuums up the productive wealth of the nation, and then uses the nation's wealth as an insurance policy to pay for its inevitable losses.