With the Assange dcoument about bank regulations being released, it is good to go back to Elizabeth Warren. Here she is discussing her role on COP, the Congressional Oversight Panel to which Harry Reid, Speaker of the Senate, appointed he … Continue reading
Eizabeth Warren’s bill to penetrate the dilemma of college debt did not survive debate in the US Senate. Senate Majority Leader Harry Reid will try to bring it up again. The bottom line in Warren’s argument and President Obama’s … Continue reading
Is there hope for financial literacy in the US? Math classes at Oak Grove Lutheran School in Fargo, N.D., made a number of investments. One of the classes beat out investment clubs at universities including Cornell, Columbia and NYU. Legos, … Continue reading
Growing numbers of Chinese are using the country’s state-backed bankcards to illegally spirit billions of dollars abroad, a Reuters examination has found. This underground money is flowing across the border into the gambling hub of Macau, a former Portuguese colony … Continue reading
Elizabeth Warren and other dogged US legislators demand a two-tiered regulatory system for banks. The top tier must demonstrate that they can survive as banks, not as a risk free crap table. Small banks, vital to communities, must be held … Continue reading
The Bankers’ New Clothes by Anat Admati and Martin Hellwig Princeton University Press The authors’ credentials are impeccable and even intimidating. But their message is clear and accessible. Discussing the Basel III ratio, which outlines a bank’s capital requirements, they … Continue reading
Andrew Huszar: “I can only say: I’m sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed’s first plunge into the bond-buying experiment known as quantitative easing. The central bank continues … Continue reading
Warren Buffett touts the value of companies that make things. But his fortune has always depended on one kind of wager or another. His 4th quarter earnings last year were up 49% based on his derivative bets. Many in the … Continue reading
Warren Buffett fled after two years. Others are following. The reason: government dysfunction. It is impossible to get anything done in India. Running Away From Investment in India
What is disturbing, and perhaps this is what Warren is getting at, is that since the financial crisis the risk-reward equation has been flipped. Because of the government’s implicit guarantee to rescue banks deemed too big to fail, the risk … Continue reading