AICPA | www.IFRS.com : Updates : FASB. Mortgage Modification and Strategic Behavior: Evidence from a Legal Settlement with Countrywide by Christopher Mayer, Edward Morrison, Tomasz Piskorski, Arpit Gupta. Christopher J.
Mayer Columbia Business School - Finance and Economics; National Bureau of Economic Research (NBER) Edward R. White House Issues Fact Sheet on Debt Deal - Washington Wire. Government Debt World Undergoes Sea Change. Introduction_Final. The President Surrenders on Debt Ceiling. Time to Go it Alone and Bolt from Basel? Former Tarp Executive Calls for Big Bank Breakup. Nervous Investors Chase Low-Risk Assets. Is Fat Good in Finance? Looking at the Vickers Report - Bank Think Article.
"In financial ecosystems, evolutionary forces have often been survival of the fattest rather than the fittest.
" So says Andrew Haldane, Executive Director for Financial Stability at the Bank of England. He is right. Hire for Attitude, Train for Skill - Bill Taylor. By Bill Taylor | 8:24 AM February 1, 2011 In a recent issue of The New Yorker, Atul Gawande, the gifted writer and accomplished doctor, published yet another of his must-read accounts of the health-care crisis and the innovators trying to change things for the better.
One of the organizations he highlighted was a physician practice in Atlantic City, N.J., that has “reinvented the idea of a primary-care clinic in almost every way.” The Special Care Center does all kinds of things differently from other medical practices, including hiring full-time “health coaches” who work with the doctors but spend almost all of their time with the practice’s low-income patients, helping them manage chronic illnesses and improve their lifestyles. Shorting bans: What the four European regulators are prohibiting (and what they’re not) | Financial Regulatory Forum. By Peter Elstob LONDON, Aug. 15 (Thomson Reuters Accelus) – The bans on short-selling the shares in a number of banks and insurance companies (and one stock exchange) that four member states imposed on Friday did not bring the single European rulebook any closer.
However, the European Commission will be hoping that the separate initiatives by the Belgian, French, Italian and Spanish market regulators, which came out of “coordinated discussions” during a conference call on Thursday evening involving all 27 members of the European Securities and Markets Authority, do not put it further away. Five Worst Mistakes Entrepreneurs Make When Pitching Angel Investors. Here's a look at the biggest blunders and how to avoid them.
An effective elevator pitch can be crucial for entrepreneurs trying to secure funding from angel investors. The goal of the pitch -- written or delivered face-to-face -- is to briefly share the "who, what, where, when, why and how" of your business, while piquing an investor's interest. The tricky part is cramming all of that into one explanation that, hypothetically, should be delivered in the time span of an elevator ride. "The pitch has to grab me quickly," says Paul Silva, manager of Springfield, Mass. Recovery Plans Need More Attention than Living Wills - Bank Think Article. One of the vital lessons learned from our ongoing financial crisis is the difficulty in measuring the potential impacts of a large, cross-border bank failure.
Variance in supervisory processes, regulatory and firm readiness, bankruptcy laws, resolution regimes, policy responses, and official sector coordination mechanisms exposed a vacuum of information necessary to reduce the amplification of stress. These gaps impose enormous un-funded costs to the system. In the United States the Dodd-Frank Act attempts to enhance the government's ability to cope with stress events by requiring "living wills," formally known as "resolution" or sometimes "death" plans.
The theory is that during the next material and potentially irrecoverable stress, the government will have a "roadmap" for how it might proceed to unwind a systemic, or firm-wide failure. Steve Jobs' Commencement Address at Stanford University.
The Larger Conspiracy
BBC. American Thinker: The Soros Plan to Remake Global Finance. George Soros is right; the world's financial system does need to be reformed, but just not in the way he and his collectivist cohorts envision.
So moved by the ongoing financial crisis, Soros felt compelled to take action. The world has suffered as a result of "unfettered" financial markets and Soros decided now is the time to rethink how the global economy and markets should function. The Concept of Justice in the History of Economic Thought by Matthias Lennig. Goethe University Frankfurt; Goethe University Frankfurt - Cluster of Excellence Normative OrdersMay 31, 2011 Abstract: Economic thought has shifted its focus from an essentially normative approach, dealing with the question of justice, to an emphasis on efficiency and equilibria.
This paper traces the changing perception of the issue of justice in the history of economic thought. Today, many heterodox economists maintain this long tradition of thinking about justice. In mainstream theory, i. e. neoclassical theory, however, justice is not regarded as being part of its research agenda.
STUFF I've Done
Bernanke On Trial For Crimes Against Humanity; To Be Judged By Citizen Councils Led By Glenn Greenwald & Alex Jones. What?
I didn't mention it was fiction? Guest post from reader, Truth Excavator, working on clandestine ops from Disquiet Reservations. Yale Books. Consumer Behavior: The Psychology of Marketing. Upside Potential Ratio. J.P. Morgan | From Alpha to Omega: The Omega Measure. By Dr.
Fred Novometsky, Ph.D J.P. Morgan Investment Analytics & Consulting The remarkable financial innovation that has taken place in the past 20 years has transformed the investment management process as well as the analysis of realized investment performance. There are many illustrations of the problems facing today’s institutional investors, including alpha transport, market neutral long / short investing, target date funds, liability driven investing and enhanced equity indexation. The assessment of expected tail losses, the analysis of derivative security exposures, the estimation of value-at-risk and the application of multi-factor performance attribution models are examples of some of the tools that investment performance analysts are using to respond to the world of investing.
Yesterday's Heroes: Compensation and Creative Risk-Taking by Ing-Haw Cheng, Harrison Hong, Jose Scheinkman. Ing-Haw Cheng Dartmouth College - Tuck School of Business Harrison G. Hong Princeton University - Department of Economics; National Bureau of Economic Research (NBER) Jose A. The Irresponsible Investor. Plug into a Google search engine the words ''investors'' and ''corporate corruption'' and you could spend the rest of your life reading about the many ways in which the former have been abused by the latter. Plug the same words into the company Google and you'll get a strikingly different result. In their recent letter to financial markets in which they lay out the ground rules for their public-share offering, the company's founders, Larry Page and Sergey Brin, insist that Rule No.1 will be ''Don't be evil.''
This, they seem to think, will strike their audience as a radical idea. Text.pdf (application/pdf Object) Speeches & Testimony - 4/14/2011. Statement of Arthur J. Murton, Director, Division of Insurance and Research, Federal Deposit Insurance Corporation on Oversight of the Financial Stability Oversight Council before the Subcommittee on Oversight and Investigations, House Financial Services Committee; 2128 Rayburn House Office Building April 14, 2011 Chairman Neugebauer, Ranking Member Capuano, and members of the Subcommittee, thank you for the opportunity to testify today on behalf of the Federal Deposit Insurance Corporation on issues related to the Financial Stability Oversight Council (FSOC). The recent financial crisis exposed shortcomings in our regulatory framework for monitoring risk and supervising the financial system. Insufficient capital at many financial institutions, misaligned incentives in securitization markets and the rise of a largely unregulated shadow banking system permitted excess and instability to build up in the U.S. financial system.
HEARD ON THE STREET: J.P. Morgan Still Chasing Growth. Heard on the Street: Bank, Pray, Plan. Fed ‘Beige Book’ Report Says Economy Continues to Improve. Regulators Order 14 Banks to Revamp Foreclosure Practices. Senate Report Lays Bare Mortgage Mess. U.S. Asks if Banks Colluded on Libor. Financial Crisis With Few Prosecutions. President Open to Deal on Debt Cap. Updated April 12, 2011 12:01 a.m. ET White House officials have opened the door to a deal with Republicans that would allow the U.S. to increase its ability to borrow, potentially easing worries in financial markets that the country might default on its debt. Softening the administration's earlier insistence that Congress raise the so-called debt ceiling without conditions, officials now say they won't rule out linking an increase of the borrowing cap with cuts aimed at reducing the deficit—even though they'd prefer to keep the issues separate.