Capitalism’s Near-Death Experience Is Still a Golden Opportunity
The tenth anniversary of the Committee to Save the Banks’ decision to put Wall Street ahead of Main Street has unleashed a... Read More
Turns Out Surrendering to Wall Street in 2008 Was a Bad Idea
It has taken a decade, but the Committee to Save the Banks’ decision to surrender to Wall Street is finally being seen... Read More
Rating Firms Continue to Put Investors at Risk by Rating Unseen Contents of Paper Bags
Moody’s announced it was dropping its unpaid for and unsolicited rating on WeWork’s bonds saying it believes it has insufficient or otherwise... Read More
Central Banks Shape the Financial Markets
While plenty is written about the central banks as bank supervisors or macro-prudential regulators, virtually nothing is written about central banks as... Read More
Senator Warren’s Call to Drain the DC Swamp
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A tremor went through the Opacity Protection Team today when Senator Elizabeth Warren called for ending its capture of the process by... Read More
Committee to Save the Banks had a Lasting Negative Impact
The Committee to Save the Banks (Hank Paulson, Ben Bernanke and Tim Geithner) has had a lasting negative impact on both the... Read More
The UK’s Investment Association and Opacity
The UK’s Investment Association promotes the Opacity Protection Team’s myth quarterly reporting drives management to focus on the short-term at the expense... Read More
Myth: Quarterly Reporting Causes Too Much Focus on Short-Term Results
President Trump appears to have bought into the Opacity Protection Team promoted myth quarterly reporting causes management to focus too much on... Read More
Will the Bankers who Rigged the Financial System be Held to Account?
As we approached the tenth anniversary of the acute phase of the Great Financial Crisis, the Committee to Save the Banks is... Read More
RBS Settlement Highlights Need for Transparency Label Initiative
The Statement of Facts released as part of the $4.9 billion RBS subprime mortgage-backed securities settlement with the US Department of Justice... Read More
The Information Matrix: Once Seen, Cannot be Unseen
Another day, another Economist attempts to unsee the Information Matrix. Their attempts to unsee would be amusing if we treated Economists like... Read More
Obama and the Committee to Save the Banks
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I have always been curious why Obama ran on “Hope and Change” yet continued to pursue the policies to respond to the... Read More
Bank of England Economists Find Macro-prudential Regulation Won’t Work
Since the Committee to Save the Banks under Ben Bernanke first proposed macro-prudential regulation, I have said it would never work. Why?... Read More
It is Always Easier to Make Money Through Predation
As demonstrated by the hundreds of billions of dollars of fines paid by the Too Big to Fail banks, where possible Wall... Read More
After a Decade, the Queen Deserves an Honest Answer
It was almost a decade ago when the Queen of England asked at the London School of Economics how come the Economics... Read More