Disclosure Gaps: Environmental, Social and Governance
//
0
/The SEC has been looking for a private market solution like the Transparency Label Initiative to take over its public role of... Read More
Why We Need to Update Financial Reporting
The idea investors need to get together so they can get the information they need to “know what they own” has managed... Read More
ECB Relies on BlackRock to Assess EU Banks
A frequent objection raised by the banks to having to disclose their current exposure details is investors won’t be able to assess... Read More
Mistaken Assumptions About the 2008 Financial Crisis Remain in Circulation
As the title of this post suggests, there are many mistaken assumptions about the financial crisis still in circulation. No mistaken assumption... Read More
Bernanke and Post-Real Financial Crisis Models
///
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
“It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics.”
Professor John Harvey uses this quote from John Maynard Keynes in a must read post. It captures the essence of Nobel prize... Read More
Intellectual Honesty and Economics
After winning a share of this year’s Nobel prize in Economics, Paul Romer repeated his called for intellectual honesty in Economics (apparently... Read More
Championing Opacity Not an Impediment to Receiving a Nobel Prize in Economics
Benjamin Franklin observed “in this world nothing can be said to be certain, except death and taxes”. The Panama Papers revealed how the... 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
Do Bank Regulators Engage in Accounting Control Fraud?
Did the bank regulators respond to the 2008 acute phase of the Great Financial Crisis by engaging in accounting control fraud? I’ll... 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
Serious Economics and the Nobel Prize
Nobel prize winning Economist Paul Krugman once again trotted out his “serious economics” meme. This time in reference to an American Economics... Read More
Unelected Power and the Great Financial Crisis
Paul Tucker, a former member of the Bank of England’s Monetary Policy Committee, raised an interesting point about central bank independence. Their... Read More
The Committee to Save the Banks and the Big Lie
As we passed the tenth anniversary of Lehman Brothers’ collapse and the NY Fed acknowledging in an internal email Goldman Sachs is... Read More