Are We Prepared for the Next Financial Crisis?
As the flood of articles on the tenth anniversary of the collapse of Lehman Brothers continues, a common question has emerged: are... Read More
IMF Says Opacity at “Core” of Financial Crisis
As the tenth anniversary of the collapse of Lehman Brothers approaches, articles are poring forth offering up the author’s take on the... 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
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
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
Dodd-Frank Act Confirmed Bank Bailouts Unnecessary
Since the Committee to Save the Banks first proposed using the funds from TARP to bailout the banks, I have pointed out... Read More
Wall Street’s Derivatives Casino Still Opaque to Regulators
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Michael Greenberger’s paper on the ongoing opacity of Wall Street’s derivatives casino serves as a reminder why restoring transparency is so important.... Read More
The Committee to Save the Banks Keeps on Protecting the Banks
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As we approach the tenth anniversary of the 2008 acute phase of the Great Financial Crisis, the Committee to Save the Banks... Read More
With Such Friends [as Academics], Who Needs Lobbyists?
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The title for this post comes from Stanford business school professor Anat Admati’s “It Takes a Village to Maintain a Dangerous Financial... Read More
How Wall Street Conquered the World Without Firing a Single Shot
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The preface to Transparency Games has aged well and is more relevant today than when I wrote it: There are events, such as the... Read More
Financial Stability and Regulation
Ten years after the acute phase of the Great Financial Crisis has financial stability been restored or are we teetering on the... Read More
The Con-Artist Wing of Economics: Central Bankers
The Federal Reserve lead response to the acute phase of the Great Financial Crisis was based on deceit. The entire narrative used... Read More
Banks still don’t accurately track risk
A decade after the acute phase of the global financial crisis and banks still don’t accurately track their risk. Of course, this... Read More
Professors Find Transparency Works
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Stumbled across an article by two professors from HEC Lausanne who found the discipline on banks that resulted from greater disclosure resulted... Read More
How Risky is Deutsche Bank?
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This week word leaked out the FDIC put Deutsche Bank’s US subsidiary on its list for problem banks. The Fed cited it... Read More