PhD Economist Derp: Macro-Prudential Regulation
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/Macro-Prudential regulation is the regulatory embodiment of PhD Economist Derp. The ECB offers a quick guide into what it is and what... 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
Bernanke and the Information Matrix
In an excerpt from his book on how he saved the global financial system, Ben Bernanke observed in talking about the opaque... 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
Wall Street’s latest opaque product: nonlinear finance
In its ongoing quest to sell opaque securities that investors cannot assess the risk of, Wall Street has rolled out ‘nonlinear finance‘.... Read More
Great Liquidity Crisis Next Phase of Current Crisis
JP Morgan has already named the next phase of our current financial crisis. They call it the Great Liquidity Crisis. Their trigger... Read More
Rating Firms and the Information Matrix
The Information Matrix can be used to examine the rating firms’ business model and the impact of the Transparency Label Initiative on... Read More
Opacity as an Asset Class
Yes, you read that right. Opaque securities should be considered an asset class. But isn’t the Transparency Label Initiative all about dividing... Read More
Secret to How Wall Street Makes Money Revealed
In 2010, I wrote a Fortune column explaining how Wall Street made money on subprime mortgage-backed securities by exploiting its access to... Read More
The Financial Crisis … Ten Years Later
Ten years ago on August 9, 2007, BnP Paribas kicked off the global financial crisis by announcing it couldn’t value subprime mortgage-backed... Read More
Have the causes of the global financial crisis been fixed?
As we approach the tenth anniversary of the start of the Great Financial Crisis, central bankers in their role as financial regulators... Read More
Big Data reforming the mortgage market
While Congress debates what to do with the Fannie Mae and Freddie Mac, big data is reforming the mortgage market. It is... Read More
The financial crisis response that didn’t fix underlying cause of crisis
In a must read Guardian column, Joris Luyendijk looks at the the response to the financial crisis over the last nine years... Read More
Banks vote on replacement for Libor
In the run-up to the financial crisis, the Libor interest rate became the most important rate in the financial world. It was... Read More