PhD Economist Derp: Assume Transparency Exists
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/Yesterday, I wrote about a 1926 Atlantic Magazine article written by William Z. Ripley. This article, Stop, Look, Listen! The Shareholders’ Right to... Read More
Shareholders’ Right to Adequate Information Redux
The need for transparency so investors can know what they own is an idea that has withstood the test of time. It... Read More
Opacity Protection Team Member: UK’s Financial Conduct Authority
During the acute phase of the Great Financial Crisis, I coined the term Opacity Protection Team to describe all of the market... Read More
Information Matrix and Brevan Howard Centre Research Agenda
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Recently, I stumbled across the research agenda for the Imperial College London’s Brevan Howard Centre for Financial Analysis. The Lion’s Share of... Read More
PhD Economist Derp: Shadow Banking is a Creature of the Night
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Since the acute phase of the Great Financial Crisis began in September 2008, there has been an explosion of articles by PhD... Read More
Clayton led SEC Highlighting Importance of Transparency Label Initiative
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To no one’s surprise, the latest member of the Opacity Protection Team to be appointed chairman of the SEC is looking to... Read More
Global Financial System Still Not Fixed
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A decade after the opacity driven Great Financial Crisis began, the only significant theoretical insight into opacity has been the Information Matrix... Read More
Wall Street and the Volcker Rule
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In a terrific article, Andrew Cockburn looks at how Wall Street influenced and still influences at both the legislative and regulatory level... Read More
What Happened to the Call for an End to the “Age of Irresponsibility”?
In a late September 2008 speech to the UN, Gordon Brown, then the UK’s prime minister, called for an end to the... Read More
Robert Bruner: Missing Financial Crisis Lesson
University of Virginia’s Darden School of Business Professor Robert Bruner offered up his insights into the lessons we did not learn in... Read More
Upton Sinclair was Right About MacroEconomists
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A decade after the beginning of the global financial crisis, I have come to realize the inability of macroeconomists to understand the... Read More
Regulators and Economists Continue to Block Transparency
McKinsey, the large international consulting firm, provide one of my favorite quotes to emerge from the financial crisis: After Lehman’s demise, participants... Read More
Shadow Banking Comes Under Fire
In a recently released report, the US Treasury confirmed its membership in the Opacity Protection Team and attacked the use of the term... Read More
Oil & Gas Industry Opacity Protection Team is Thriving
Periodically, I like to show the Opacity Protection Team (OPT) in action. Today’s example comes from the oil and gas industry. Its... Read More
Opacity Protection Team wins again: Libor replacement coming
The Opacity Protection Team notched another victory. Rather than require banks to provide transparency and end the bankers’ ability to rig the... Read More