‘People Have More to Fear from Governmental Responses to Economic Crisis than from Crisis Itself’
November 8th, 2009 by Paul
Economic Contractions in the United States: A Failure of Government
Tag Archive for 'credit crisis'
Google, SAP, and Salesforce.com Could Save Credit Markets and Journalism
November 2nd, 2009 by Paul
Saturday’s Barron’s had a pithy review of Ken Aulettta’s Googled: The End of the World As We Know It.To sum it up, reviewer Mark Veverka says, “Google’s science exposes the inefficiency of traditional advertising and threatens to remove middlemen.”
In other words, as went record labels and travel agents, so goes my first chosen profession, journalism. The inefficiency of
Asset-Backed Securities: Disclosure Regulation or Substantive Legislation?
October 28th, 2009 by Paul
In addition to improving asset-backed securities disclosure (using XBRL perhaps?), SEC Chairman Mary Schapiro called for substantive ABS regulation in a speech Tuesday to SIFMA, the parent organization of the American Securitization Forum (link to colorful Michael Lewis description):
ABS Regulation
In one final example, I believe there may be gaps that should be filled in the [...]
Could New SEC Disclosure Rule Revive Asset-Backed Securities Market?
October 21st, 2009 by Paul
Updated: Dec. 15, 2009
Update: The SEC published its one-year extension on Dec. 15, 2009.
Extension of Filing Accommodation for Static Pool
Original Post
The SEC on Monday quietly proposed a brief rule to give asset-backed securities issuers an extra year of status quo disclosure. The original rule was approved in December 2004. Monday’s 17-page double-spaced proposal would [...]
If this is Chris Whalen’s Draft, I Can’t Wait for His Final
October 20th, 2009 by Paul
Institutional Risk Analyst co-founder Chris Whalen writes in the new edition of his newsletter:
Until we break the Alliance of Convenience between the Congress, the Fed and the large, TBTF (too big to fail) banks and force our public officials to embrace core American values regarding transparency, insolvency and accountability, we will not in my view [...]
A Set of Economic Comments
October 9th, 2009 by Paul
Dealbook on the New York Times for the past several days has published a series of articles on the financial crisis and the way forward. It’s a modern media approach to exploring and perhaps developing economic policy.
Say what you will about Web 2.0 and its effect on traditional media. If the Gray Lady can accelerate [...]
British Freedom, Transparency, and Markets
June 7th, 2009 by Paul
This May 26 speech by David Cameron is a reason headlines have him winning today in the U.K. My two favorite paragraphs:
In media, shopping, travel, entertainment and music we have huge choice and control, from many organisations that offer us incredible service and value.
But when it comes to the things we ask from politics, government and the [...]