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
Noble Prize Winning Economist’s False Narrative About Financial Markets
According to David Warsh, a former Boston Globe columnist and now blogger, in August 2008 Bengt Holmström, a Nobel prize winning MIT... Read More
Wall Street’s Business Model of Fraud: Subprime Mortgage Edition
Trust, but Verify. The three most important words in investing. By design, our financial system is suppose to ensure investors have access... Read More
Fed Credit Programs Supported the Banks Were Healthy Lie
Academics and politicians have praised Ben Bernanke and the Fed for their inventiveness in setting up credit programs during the acute phase... Read More
Stress Tests Undermine Capitalism
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The first sign the Obama Administration was seriously uninterested in fixing the US financial system occurred when then US Treasury Secretary Tim... Read More
Economists Demonstrate Difficulty in Escaping Old Ideas
In his General Theory book, Keynes noted: The difficulty lies, not in the new ideas, but in escaping from the old ones.... Read More