Bernanke and Post-Real Financial Crisis Models
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/Recently, I politely referred to Ben Bernanke’s latest effort to rewrite the history of the Great Financial Crisis as garbage. The paper... Read More
Restoring Trust
In 2008, trust in the financial markets, the reporting of news and our political system was shattered. There is only one proven... Read More
Can Bank Capital Substitute for Transparency?
Economists at the World Bank looked at the question of “can bank capital substitute for oversight and supervision”. As part of their... Read More
Accountants Don’t Understand Transparency Too
Most of the time when I am debunking an academic paper that says “opacity is good” it is written by someone with... Read More
When Hindsight into the Great Financial Crisis is 20/20
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Wow! The architects of the policy response to the Great Financial Crisis cannot stop themselves from showing how unfit they were for... Read More
Is Financial Regulation Fit for Purpose?
In the aftermath of the acute phase of the Great Financial Crisis, there was a rush to regulate the global financial system.... Read More
Restructuring Debt Key to Quickly Ending Financial Crisis
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Regular readers know the global financial system is designed to support the Swedish Model for responding to a financial crisis. Under the... 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
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
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
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
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
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