After years of passivity and inaction, the SEC launched a ban on naked short selling of selected financial stocks over a weekend. Compare this to the decades it sat by and let a handful of credit rating agencies enjoy oligopolistic profits as the sole official guardians of investment grading. Now the SEC chairman, Christopher Cox, […]
Filed under: Credit Crunch, Technology, regulation | No Comments »
American politicians were hitting the Sunday morning talk shows assuring the public that Freddie and Fannie, the big government-backed mortgage finance companies, were in fine shape. So it didn’t surprise anyone, did it, when the Monday papers announced new measures to provide them stronger backing from the US Treasury. Are news crews staking out 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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