Obama’s Engagement With Wall Street

January 28, 2013

Obama picking Mary Jo White to run the SEC isn’t a warning shot. It’s much more constructive.

Comments Off

When Bad Things Happen To All Sorts Of People

November 15, 2012

The search for financial crisis scapegoats misfired once again. Sometimes, bad things happen without bad people causing them.

Comments Off

Taking Orders From Your Staff

August 14, 2012

You may be the head honcho, but sometimes you need to take orders from below.

Comments Off

Initial Public Offering (and Facebook) Blues

August 1, 2012

Congress thinks Facebook’s IPO proves the system is broken. In fact, it may be a sign that the system still works.

Comments Off

Someone Should Tell Fed Staff About Capitalism

July 25, 2012

Yet another proposal to improve money market funds would just render them useless. Has the Fed staff heard of capitalism?

Comments Off

A Legal Scholar Overreaches From The Bench

December 1, 2011

By rejecting the SEC’s settlement with Citigroup, a federal judge has appointed himself to enforce federal securities laws. He overreached.

Comments Off

A Utopian ‘Conflict Minerals’ Mandate Offers No Practical Solution

November 9, 2011

Neither business nor the SEC knows how to comply with a mandate on the origin of industrial metals. Congress does not see this as a problem.

Protecting Us From Opportunity

February 9, 2011

Securities laws are supposed to protect us from harm, but the rules that govern privately placed investments can end up shielding potential investors, not from fraud or theft, but from opportunity. Federal laws were written after the Crash of 1929 to protect investors, particularly individuals with small portfolios, who got caught up in the mania of the Roaring Twenties and lost everything, often on investments they did not fully understand. …

SEC Lets Shareholders Act Like Owners — To A Point

October 5, 2010

A new rule that gives public company shareholders the power to nominate their own directors is not going to turn boardrooms into union halls, nor is it going to revolutionize corporate governance. A best-case scenario is that making directors more accountable to shareholders will finally put a brake on senior-executive compensation, which has spiraled out of control for two decades. This is not to say that talented managers of large, …

Comments Off

Breaking Dishes In The Credit Market

August 2, 2010

Parents have a sixth sense that warns us when a small child has been too quiet for too long. We call out “What are you doing?” and the little munchkin chirps back, “I’m helping you! I’m washing all the nice china!” The next thing we hear is a loud crash. So it goes with President Obama and the current Congress. They want to help, but they just can’t keep from …

Comments Off
Page 1 of 212»

Sorry, you can not to browse this website.

Because you are using an outdated version of MS Internet Explorer. For a better experience using websites, please upgrade to a modern web browser.

Mozilla Firefox Microsoft Internet Explorer Apple Safari Google Chrome