Thoughts on policy, business, disclosure, and communications
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 [...]
Skip the rhetoric and go directly to the Wiki.
So just how much might this Internet thing change democracy? Well, to use tax day, April 15, as an excuse to paraphrase President Reagan, we’re paying for this democracy! So let’s find out.
I used to go to my travel agent who went to the airline who [...]
Of the millions of recent words on economic conditions, words about three factors seem relatively underrepresented.
1) the preferential treatment of mortgage interest via its relative subsidy in the form of a tax deduction
2) the preferential treatment of residential capital gains over business
Asset Backed Securities Experience Holds Structured Information Lessons
On Dec. 22, 2004, eight months before I arrived at the U.S. Securities and Exchange Commission, the Commission unanimously adopted a rule formalizing staff guidance on asset backed securities, including the residential mortgage backed securities at the heart of today’s credit crunch. As published in the [...]
This may be a tad circular, but good conversation is remarkable.
As journalist, lawyer, radio producer, policy director, and adviser, I’ve talked with a lot of fascinating people to elicit information. Then came the business of organizing, simplifying, and publishing the information, whether for readers, viewers, listeners, clients, or government officials. As a press secretary, my [...]