Who needs regulation?
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Financial sector reguatory reform?
As far as we know, , the chairman and C.E.O. of JPMorgan Chase, isn’t planning anything similar.
In-depth analysis on Credit Writedowns Pro , now with big discounts for regular readers.
I’m sympathetic to the view that financial regulation ought to strive not to prevent failures but to ensure that failures are frequent and tolerable. Rather than make that case, I’ll refer you to the oeuvre of the remarkable Ashwin Parameswaran, or macroresilience .
Product Description The recent crisis, created by finance capitalism, has brought us to the economic abyss.
Just a few years ago, a powerful ideology - the belief in free and unfettered markets - brought the world to the brink of ruin. Even in its hey-day, from the early 1980s until 2007, US-style deregulated capitalism brought greater material well-being only to the very richest in the richest country of the world. Indeed, over the course of this ideology's 30-year ascendance, most Americans saw their incomes decline or stagnate year after year.
The meat would be shoveled into carts, and the man who did the shoveling would not trouble to lift out a rat even when he saw one—there were things that went into the sausage in comparison with which a poisoned rat was a tidbit. There was no place for the men to wash their hands before they ate their dinner, and so they made a practice of washing them in the water that was to be ladled into the sausage. There were the butt-ends of smoked meat, and the scraps of corned beef, and all the odds and ends of the waste of the plants, that would be dumped into old barrels in the cellar and left there.
"The premise is that the economy and startups are being held back by regulation, a favorite theme of House Republicans for the past 3 ½ years – ignoring completely the banking crisis that caused the recession... The bill’s proponents point out that Initial Public Offerings (IPOs) of stock are way down.
Regulation - curators...
January/ February 2012 Financial Regulation
Revolving Door Makes Lobbying Cheaper and More Effective
The financial crisis is complicated, but so is a fully automated coffee machine, at least according to Thierry Philipponnat, who is standing in the hallway of his office with a frown on his face.
A rule limiting proprietary trading by U.S. banks may be extended to overseas firms with operations in the country, according to four people familiar with the matter. Regulators next month will issue a proposal to carry out provisions of the so-called Volcker Rule, part of the Dodd-Frank financial-regulation law, that will clarify the types of offshore trading allowed under the rule, the people said. Enlarge image
Simon Johnson , the former chief economist at the International Monetary Fund , is the co-author of “ 13 Bankers .” Three years ago, a financial crisis threatened to bring down the United States economy and to spread economic disaster around the world. How far have we come in preventing any kind of recurrence?
Rep. Darrell Issa, R-Calif., who's the chairman of the House Oversight and Government Reform Committee, solicited opinions from businesses, trade groups, and experts on which regulations kill jobs. (TIM SLOAN/AFP/Getty Images) It’s become a mantra on Capitol Hill and a rallying cry for industry groups: Get rid of the job-killing regulations.
By Matt Stoller, the former Senior Policy Advisor to Rep.