Dodd-Frank — The Hired Lobbyist Guns Will be Blazing

Commissioners of the Commodity Trading Futures Commission (CFTC) which has regulatory over the commodities markets and now, since Dodd-Frank, over derivatives, said the elections didn’t change much. At the Futures Industry Association meeting in Chicago in early November, they said that until Congress changed the terms, Dodd-Frank is the law of the land and they [...]

SIFMA chief expects a systemic US regulator by early 2010

 The US needs a single financial stability regulator, said Tom Ryan, chief executive of the Securities Industry and Financial Markets Association (SIFMA).  In a recent presentation at a Reuters conference, Ryan said that regulatory agency will need better information. “Regulators are basically rear view people.” They have been operating with data that is three months [...]

Krugman – Paulson and His Dilbert Strategy

US Treasury Secretary Hank Paulson’s proposals are catching a lot of flak from NY Times columnist and Princeton economist Paul Krugman             Although he works in Princeton, nearly 200 miles from Washington, Krugman routinely beats the pants off the Washington press corps by reading legislation and budgets, paying attention when the Bush administration gives five [...]