Posts Tagged ‘financial regulation’

  • 15682_4.6_000000667950XSmall

    Michael Lewis and the U.S. Congress

    Jun 4, 10 • 90 Views • Economic History, Financial Markets, RegulationNo Comments

    The Big Short by Michael Lewis (who also wrote The Blind Side) is a “hot read“ on Capital Hill. Senate Majority Whip Dick Durbin (D-Ill) recommended it. Chris Dodd (D-CT) referred to it during a speech on Fannie and Freddie. And,...

  • 15680_6.2_000012928514XSmall

    BP and the Financial Crisis

    Jun 2, 10 • 100 Views • Economic History, Environment, Financial Markets, InnovationNo Comments

    I suspect that there is an inverse relationship between government’s ability to get regulation right and the length of the legislation. Glass-Steagall was 34 pages long. Recently proposed financial legislation is 3000 pages long. The need for...

  • 15653_5.19_000007480462XSmall

    Airplane Crashes and Financial Crashes

    May 19, 10 • 106 Views • Economic Thinkers, RegulationNo Comments

    When an airplane crashes, investigators rush to the scene, gather evidence, and ultimately hope to emerge with updated safety suggestions. It would be wonderful if we, when assessing the “flash crash” or slower stock market dives, could also...

  • 15564_4.4_000004478097XSmall

    A History of Financial Regulation

    Apr 4, 10 • 97 Views • Financial Markets, RegulationNo Comments

    The Plunge Protection Team is composed of the chair of the Federal Reserve, the Secretary of the Treasury, the SEC, and the Commodities Futures Trading Commission.  Officially called the Working Group on Financial Markets, this group was formed after the...

  • 15535_3.20_000010322936XSmall

    A One-Handed Economist?

    Mar 20, 10 • 113 Views • Economic History, Financial Markets, Innovation, Regulation, Thinking EconomicallyNo Comments

    Let’s not look at CDOs, SIVs, ARMs, TIPs or ATMs. Nor do we need specifically to consider credit default swaps, securitization, hedge funds or venture capital. Instead, we can go to the question that Robert Litan asks at the end of his 47 page Brookings...