From bondage to spiritual faith;
from spiritual faith to great courage;
from courage to liberty;
from liberty to abundance;
from abundance to complacency;
from complacency to apathy;
from apathy to dependence;
from dependence back into bondage.
Category: Regulation
We’ve Nationalized the Home Mortgage Market. Now What?
They would lobby to reduce the amount of capital they have to reserve for an emergency, and to lower the fees charged for mortgage insurance so they could compete on price. If another crisis hits, lower capital reserves and lower fees would make them far more vulnerable to going bankrupt, leaving the taxpayer to bail them out.
Secret and Lies of the Bailout
So what did bailout officials do? They put together a proposal full of even bigger deceptions to get it past Congress a second time.
UBS Libor Manipulation Deserves the Death Penalty
But an even more emphatic message needs to be sent to UBS by its prudential regulator in the U.S.: You are finished in this country. We are padlocking your Stamford, Connecticut, and Manhattan offices. You need to pack up and leave. Now.
The Next Round of Derivatives Regulation
The trouble is, derivatives rules are weaker or nonexistent elsewhere, making the call for substituted compliance either a tactic to delay enforcement until the rest of the world updates its regulations or, worse, an attempt to avoid tough regulation altogether.
Abnormal Capitalist 