I think it was US President Harry Truman who wanted a one-armed economist so he couldn’t say, “On the one hand, on the other hand …” Paul Donovan from UBS proved himself funnier, and more provocative, than one would expect from at economist during TradeTech.
Hmm, does that sound like damning with faint praise?
He sees causes [...]
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What will the next administration do? Financial Insights ventures some predictions.
“Financial Insights expects more legislation to protect consumers, incentives to reduce off-shoring, federal regulation of the insurance industry, more bank failures, and streamlining of
banking regulatory agencies.”
“Changes that will result likely include reform of mortgage origination practices, limitations on exotic investment instruments, the absorption of the [...]
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Some outlines of regulatory changes are starting to take shape. My guess is that US investment banks will see increased regulation in return for the Fed’s intervention in the case of Bear Stearns and its decision to allow investment banks to borrow from it.
The Fed’s approach will be to that the cowboys of finance are [...]
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