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Financial Regulation

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

Philip K. Howard | Posted 03.18.2014 | 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 02.28.2014 | 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.

Summers and the Banks

Jared Bernstein | Posted 10.29.2013 | Business
Jared Bernstein

In the interest of fairness, I also wanted to weigh in briefly on ways in which Larry Summers views on financial market oversight, a critical part of the job of Fed chair, have been misrepresented in some accounts.

Shahien Nasiripour

U.S. Faces New Threat From Washington

HuffingtonPost.com | Shahien Nasiripour | Posted 08.28.2013 | Politics

WASHINGTON -- Regulators overseeing the nation’s largest financial institutions are distrustful of their bosses, afraid to speak out, and feeling is...

The Federal Government Didn't Lose the War on Poverty -- It Retreated

Anthony W. Orlando | Posted 10.25.2013 | Politics
Anthony W. Orlando

This historical amnesia is a dangerous mistake. It poisons our hearts with pessimism. It blinds us to the lessons and solutions we need. Most New Yorkers have no idea how prevalent poverty used to be -- or how their predecessors made it go away.

A Strong Dose of Mo Needed

Rev. Seamus P. Finn, OMI | Posted 10.23.2013 | Business
Rev. Seamus P. Finn, OMI

Slogans and promises alone will not be the solution. We need to get the rules and regulations that respond to real needs and to the needs of communities across the country.

Setting the Tone for Transparency

Badr Jafar | Posted 10.20.2013 | Business
Badr Jafar

Until we develop a culturally-relevant and widely accepted concept of what constitutes poor corporate practice in a specific country or region, we cannot develop mechanisms that effectively promote good governance and stamp out corruption in that location.

Larry Summers as Ineffectual Regulator: Tall Tales From the White House

Dean Baker | Posted 08.19.2013 | Business
Dean Baker

Summers had ample opportunity in his prior jobs to demonstrate a commitment to rein in the financial sector. All the evidence shows he pushed in the opposite direction. The Obama administration's effort to portray him as the frustrated regulator should not be taken seriously.