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A Dubious Way to Prevent Fiscal Crisis
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An assessment of the Financial Regulatory Reform that is emerging in House and Senate Bills. Yes reforms will be passed but will they prevent another crisis and are they tackling the root causes of the financial crisis. The assessment here is that they fail on both accounts. According to Christopher Whalen of the Institutional Risk Analyst it tackles the symptoms more than it responds to the causes of the crisis. He sees the response in the areas of derivatives trading, credit ratings agencies, consumer proteciton agency, as inadequate to meet a future crisis.
Chris Whalen of Institutional Risk Analytics on U.S. and European banks- 2011-2012
06/04/2010
Whalen talks to Tom Keene about the banking sector in the U.S. and Europe and the lingering effects of the financial crisis.
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New York Times 07/16/2011
A Dubious Way to Prevent Fiscal Crisis
New York Times 06/04/2010
Tom Keene Talks to Chris Whalen
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The Financial Sector Keeps Shrinking
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The lack of action in the "too big to fail" and systemically important financial institutions area one year into the Obama administration.
04/21/2009
Regulatory reform proposals and other actions taken in the first 6 months still leave many banking and financial nstitutions that are too big to fail. Consolidations of banks have actually increasd their size. The dangers in additional bailout assistance if banks suffer huge losses.
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GE Capital, AIG to Get More Government Oversight
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Weâre All Still Hostages to the Big Banks
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Economists Seek Breakup of Big Banks
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Banks Need Fewer Carrots and More Sticks
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What Does the Market Focus on After the Stress Tests?
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The watering down of banking reforms in Congress.
10/15/2009
Not allowing states to regulate banks risks repeating some of the mistakes made in the events leading to the mortgage related global financial crisis,
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Trench Warfare: Send In the Deputies
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Obama Presses Regulators to Finish Financial Rules
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Volcker Rule to Curb Bank Trading Proves Hard to Write
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Compromise Bill Could Block States on Bank Rules
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Obama Promises Butchers No New Financial Regulations
Unknown 10/25/2009
Financial Regulatory Reform Bill in Congress- April 2010.
04/16/2010
The drafting of legislation on financial regulatory refor. Proposal by Senator Blanche Lincoln for derivatives to be strictly traded on exchanges and other reforms that are being formulated.
Grouped Articles
How Wall Street Gamed Derivatives Reform
BusinessWeek 05/27/2010
New York Times 04/18/2010
Trench Warfare: Send In the Deputies
New York Times 04/16/2010
New York Times 04/18/2010
Goldman and Its Lobbyists Spurned in Fight on Bill
New York Times 04/28/2010
Republicans Allow Debate on Financial Overhaul
New York Times 04/28/2010
Assessment of Financial reforms bills in Congress- June 2010.
04/16/2010
Christopher Whalen of the Institutional Ris Anlayst sees the reform bills as inadequate to meet a future crisis. And watered down in Congressional negotiation, responding more to symptoms than the root causes of the last crisis.
Grouped Articles
Trench Warfare: Send In the Deputies
New York Times 04/16/2010
New York Times 04/18/2010
A Dubious Way to Prevent Fiscal Crisis
New York Times 06/04/2010
The Fates and Faces of the Affected
Wall Street Journal 06/07/2010
Financial Bill Would Create World Model, Volcker Says
New York Times 06/09/2010
Giving In on Trading, Banks Focus on Other Losses
New York Times 06/14/2010
Business as usual at banks but serious operational problems says Whalen of Institutional Analytics in 2009
08/23/2009
A study of FDIC data for regional and community banks shows situation worsening in 4th quarter 2009. The stress tests for big banks use a 9% loss rate and we are already there says Whalen.
Grouped Articles
Second-Lien Loans May Prompt New Losses for Banks
New York Times 07/16/2011
A Dubious Way to Prevent Fiscal Crisis
New York Times 06/04/2010
What the Stress Tests Didn’t Predict
New York Times 08/23/2009
How the Fed Can Avoid the Next Bubble
Wall Street Journal 10/06/2009
Recession Spells End for Many Family Businesses
Wall Street Journal 10/06/2009
The Banking System Is Still Broken
Wall Street Journal 10/16/2009
Financial regulatory reform and lobbying by the U.S. financial industry.
01/02/2009
The extensive influence of lobbyists for the banking industry in the Obama administration The cozy relationship of bankers at Chase and Goldman with Rahm Emmanuel, White House chief of staff, and Geithner, the Treasury Secretary.
Grouped Articles
Banks' Lobbyists Help in Drafting Financial Bills
New York Times 05/23/2013
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Trench Warfare: Send In the Deputies
New York Times 04/16/2010
New York Times 04/18/2010
The Power Behind the Throne at the Federal Reserve
New York Times 07/31/2013
Obama Presses Regulators to Finish Financial Rules
Wall Street Journal 08/20/2013
The inadeqacy and shortcomings of the House Financial Reform package of December 2009.
12/16/2009
For one thing the fund of money to be set aside for closing a bank is $150 billion which is only 20% of Bank of America's assets.
Grouped Articles
Trench Warfare: Send In the Deputies
New York Times 04/16/2010
Obama Presses Regulators to Finish Financial Rules
Wall Street Journal 08/20/2013
Finance Fixers Still Living in Denial
Wall Street Journal 12/16/2009
A Crisis Is a Terrible Thing to Waste
BusinessWeek 12/17/2009
The Other Plot to Wreck America
New York Times 01/10/2010
A Dubious Way to Prevent Fiscal Crisis
New York Times 06/04/2010
Lowenstein and other experts on the areas that need fixing in financial reforms.
03/11/2010
The Squam Lake Group, Lowenstein and others. Te efforts of the Squam lake Group of 15 economists to build a consensus and model for reforms worldwide.
Grouped Articles
Commentary: First, Slap Limits on Bank Leverage
BusinessWeek 03/11/2010
New York Times 04/20/2010
A Dubious Way to Prevent Fiscal Crisis
New York Times 06/04/2010
Financial Bill Would Create World Model, Volcker Says
New York Times 06/09/2010
15 Economists Issue Crisis-Prevention Manual
New York Times 06/15/2010
To Help Prevent Crises, Delay Some Executive Pay
New York Times 06/18/2010
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