Tag

financial reform

Matt Taibbi on "Wall Street’s Big Win"

The New Financial Crisis, Same as the Old One? Don’t have time to read thousands of pages of (purposefully) arcane legislation, to figure out whether the financial reform bill Congress passed this Summer really reforms how Wall Street does business? (I guarantee you that few if any members of Congress read the bill in its...
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Financial Reform and Straw Cattle (er, Men)

WSJ: ‘Financial Reform Hurts Farmers’ “Finance Overhaul Casts Long Shadow on the Plains” —Headline, The Wall Street Journal (7/14/2010) So, according to The Wall Street Journal, regulating derivatives — as the financial reform bill before Congress weakly proposes to do — will in fact hurt Midwestern farmers. That’s because it will cost them more to...
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Obama, Lincoln, & Financial Reform

George McClellan Redux? Politicos will recall that much was made of Barack Obama’s admiration of Abraham Lincoln during and just after the 2008 Presidential campaign. In particular, Obama was said to have been influenced by Doris Kearns Goodwin’s book, “Team of Rivals,” which studied Lincoln’s management style. Clearly, in picking former adversaries like Hillary Clinton...
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Wall Street’s "Advise and Consent" Role

“Enjoying Virtually Front-Door Access” Executives and political action committees from Wall Street banks, hedge funds, insurance companies and related financial sectors have showered Congressional candidates with more than $1.7 billion in the last decade, with much of it going to the financial committees that oversee the industry’s operations. In return, the financial sector has enjoyed...
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European Bailout

One Helluva Round-Trip Want to know what stocks are going to do? Forget financial analysis. It’s all about political analysis: on the strength of a European bailout (announced over the weekend), worldwide stocks are going crazy — this time on the upside. Personally, as a long-term, buy-and-hold investor (vs. Wall Street trader), it all has...
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Next!

On to Financial Reform! With Health Care now out of the way, we can get to what I consider to be the more important issue: Reforming Wall Street and the banking sector . . . Essentially, I am advocating a “Do Over.” Reverse the past 3 decades of radical deregulation. The alternative is an even...
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