Thoughts on policy, business, disclosure, and communications
Updated: 8:30 a.m., Tuesday, Dec. 15 Government Transparency Updates: The House approved S. 303 by voice vote on Monday, Dec. 14. The bill text and debate are immediately below; the debate starts on page H14837. An easier-to-read version of S. 303 is also below. The most important part of the bill, about data standard requirements, [...]
A few days ago I tweeted a question about whether a theory that less expensive stock trading contributed to fewer IPO’s holds water. The theory is that cheaper trading results in less revenue to fund analyst coverage of companies hoping to go public in the $50 million – $100 million range. In the 90s, a [...]
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
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 [...]
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 [...]
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 [...]
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 [...]