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HomeAmar Bhide Makes Case for Volcker Rule
Posted by Larry Doyle on February 20th, 2012 8:50 AM |
Why do you think former Fed chair and widely respected central banker Paul Volcker paid a visit the other day to SEC head Mary Schapiro?
I would gather that Mr. Volcker was not there merely to exchange pleasantries. No, clearly Mr. Volcker was exhorting Ms. Schapiro to withstand the pressure currently being applied by many members of the Wall Street-Washington Incest society to water down the Volcker Rule which would curtail proprietary trading on Wall Street. (more…)
Reinhart, Rogoff, and Bhide Warn America and World
Posted by Larry Doyle on July 15th, 2011 9:09 AM |
I love reading the work of intelligent economic ‘giants’ who both get it and eloquently share it.
On a daily basis we suffer from the charlatans roaming the halls of Capitol Hill to those occupying the offices of global media moguls.
Some of the individuals in Washington (hello Barack!!) may believe the public does not and can not understand the nuances of major economic issues. In the process, the clowns spew forth volumes of nonsense and bulls&*t which has suffocated the debate needed to restore some measure of integrity to our social fabric.
Let’s turn off the volume on the nonsense and embrace, elevate, and spread some truth and real wisdom. (more…)
Amar Bhide Questions Wall Street’s Criminal Enterprise
Posted by Larry Doyle on June 21st, 2011 8:08 AM |
Are proposed banking regulations and capital standards too stringent as JP Morgan’s CEO Jamie Dimon would have us believe? Are they not strict enough and has Washington properly addressed the critical issues within these topics for the future health and well being of our overall economy?
Why is it that the American populace is forced to view this regulatory debate as an either/or situation, that is too much regulation vs not enough. The fact is, we have allowed both the Wall Street and Washington camps to frame this debate.
That error in judgment and in practice means we will continue to encounter many of our current problems as we navigate our future economic landscape. I broached this reality two years ago in writing, Future Financial Regulation: Not a Question of Sufficiency, But of Transparency and Integrity.
This morning I witnessed Amar Bhide, Thomas Schmidheiny Professor at Tufts University Fletcher School of Law and Diplomacy, pull no punches in hitting the same nerve. Let’s navigate. (more…)
