Archive for the ‘When Regulation Goes Wrong’ Category
Saturday, June 21st, 2008
Macquarie Group is trying to do a thing that it has done with notable success over the past few decades. Buy a corporation that provides a service essential to the Commonweal through thick and thin, leverage it, and then sell it off to investors. Macquarie has been successful doing this ...
Posted in Polticial Decisions Affecting Banking, When Regulation Goes Wrong | No Comments »
Sunday, May 4th, 2008
FASB (The Financial Accounting Standards Board - rule-makers for the accounting profession) announced possible rule changes for banks today (May 1st). This event got little attention in the financial press. It rated a sidebar in the Money and Investing section of the Wall Street Journal. As far as I could ...
Posted in Games Bankers Play, The Banking Crisis, When Regulation Goes Wrong | No Comments »
Tuesday, April 22nd, 2008
Following the US general election in November, Gordon Brown will become the only leader of a G7 country who can read a bank balance sheet. That and his reputation as a dour Scotsman may make him the person most qualified to carry Britain's standard to the front rank in the ...
Posted in Polticial Decisions Affecting Banking, When Regulation Goes Wrong | No Comments »
Thursday, April 10th, 2008
On March 8, the G7 announced that it is forming a plan – a plan that would put an end to the crises that seem to plague the post-OPEC world financial system. They’ll plan. The plan won’t work.
The G7 – the United States, the United Kingdom, Canada, France, Germany, Italy ...
Posted in Markets Matter, When Regulation Goes Wrong | No Comments »