Category: Market Regulation
The analysis published under this category are as follows.
Monday, September 29, 2014
The US Has No Banking Regulation, And It Doesn’t Want Any / Politics / Market Regulation
By: Raul_I_Meijer
It is, let’s say, exceedingly peculiar to begin with that a government – in this case the American one, but that’s just one example -, in name of its people tasks a private institution with regulating not just any sector of its economy, but the richest and most politically powerful sector in the nation. Which also happens to be at least one of the major forces behind its latest, and ongoing, economical crisis.
Sunday, September 28, 2014
Regulators Never Understand What they are Regulating / Politics / Market Regulation
By: MISES
Gary Galles writes: People are generally aware of the positive power of compound interest when deferring consumption in favor of productive investments. But more important when it comes to public policy is the destructive power of compound ignorance.
Thursday, September 11, 2014
Inside the Washington-Wall Street Corruption Industry / Politics / Market Regulation
By: Money_Morning
Shah Gilani writes: There’s a new twist in an ongoing U.S. Securities and Exchange Commission (SEC) probe.
For months now, the SEC has been investigating whether anyone in the federal government leaked inside information to a Washington-based investment research firm.
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Friday, June 20, 2014
Congress Makes a Clean Sweep of Corruption – Under the Rug / Politics / Market Regulation
By: Money_Morning
Shah Gilani writes: Do you remember the not-so-big-deal legislation known as the 2012 STOCK Act?
That’s STOCK as in Stop Trading on Congressional Knowledge.
Members of the House and Senate passed this act – which in this case should be short for acting like whores -quietly because it pointed to Congress as a bed of lascivious insiders who trade for personal gain through the backroom market-moving horse trading that they massage into laws in D.C.
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Monday, January 20, 2014
How Housing Market Regulations Ruin Tenant-Landlord Relations / Housing-Market / Market Regulation
By: MISES
Predrag Rajsic writes: An Open Letter to My Landlord
Dear EIWO Canadian Executive,
Unfortunately, it has become necessary that I express my and my family’s displeasure with the way your company has been treating us as customers. Our recent interactions with the management indicated that your company puts negligible importance on the past six years of our business partnership. Although we have been paying rent every month for the past six years without any issues, your staff assumed that the best way to communicate a late payment for the previous month is an N4 eviction notice. The N4 notice states in large bold and underlined font that “this is a legal notice that could lead to you being evicted from your home.” This eviction notice was accompanied by a letter that “asks that in the future you (meaning my wife and I) make more of an effort to have your (our) rent paid on time.”
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Tuesday, January 14, 2014
A Free Market Approach to Insider Trading / Stock-Markets / Market Regulation
By: MISES
So-called insider trading may take place in publicly traded firms. It occurs when an individual privy to private information (the insider) attempts to profit on the buying and selling of stocks using non-public information to anticipate the stock’s future price.
For example: Mr. Povedilla, senior director of Joint Public Works Ltd., knows that JPW is going to sign an important contract that may increase the value of the firm and thus raise the stock price. By using this knowledge before it is public, he may buy stock of JPW and profit from the possible price hiking once the announcement is made.
Monday, August 19, 2013
FATCA and the End of Banking Secrecy / Politics / Market Regulation
By: MISES
Cezary Blaszczyk writes: Among the many recent revelations about American surveillance operations was the fact that, according to Der Spiegel, the U.S. intelligence apparatus “not only conducted online surveillance of European citizens, but also appears to have specifically targeted buildings housing European Union institutions,” Few, if any, of those commenting of late on such affairs mentioned that numerous nations across the globe actually acknowledged the U.S. government’s anti-privacy offensive months before by accepting its Foreign Account Tax Compliance Act (FATCA).
Friday, August 09, 2013
Jon Corzine: The Face of American Crony Capitalism / Politics / Market Regulation
By: Money_Morning
Garrett Baldwin writes: This week, House Republicans called for a criminal probe of Jon Corzine, the former New Jersey governor and former CEO of MF Global. Republicans allege that Corzine may have committed perjury when testifying in front of Congress after his firm's collapse.
Actually, Corzine personally ran MF Global into the ground.
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Friday, August 09, 2013
How SEC "Revolving Doors" Protects Wall Street's Fraudsters / Politics / Market Regulation
By: Money_Morning
Shah Gilani writes: A funny thing happened on Robert Khuzami's way to a $5 million-a-year job.
By funny I mean sickening; by sickening I mean a travesty of a mockery of a sham; by a travesty of a mockery of a sham I mean how the operatives at the SEC sometimes operate.
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Sunday, August 04, 2013
Energy Regulators Battle The Post-Enron Syndrome / Politics / Market Regulation
By: Andrew_McKillop
USA-EUROPE SAME COMBAT
The EU probe into potential rigging of oil prices in Europe and outside Europe, launched in early July is comparable by its scope, possible impact and potential fines levied against wrongdoers, to the precedent set by the Libor rigging scandal. European regulators' scrutiny of Libor (the London interbank offered rate) interest rate benchmarks finally led, in 2011, to the Royal Bank of Scotland Group (RBS), UBS, and Barclays being fined a total of about $2.5 billion.
Wednesday, July 24, 2013
Insuring Bank Deposits, Ensures Insolvency / Politics / Market Regulation
By: MISES
Frank Hollenbeck writes: The US government is trying to implement the 21st century version of the Glass-Steagall Act of 1933. The proposed bill would separate traditional banks (which are backed by the FDIC) from riskier financial institutions that include companies focused on investment banking, private equity and more. This is to give the impression that governments are taking actions against the financial sector whose actions nearly brought the entire world economy to its knees back in 2008. The implicit assumption is: if this legislation is passed, the banking sector will never again be a source of financial panics. Nothing could be further from the truth.
Friday, July 19, 2013
New Glass-Steagall Act Key to Ending Too Big to Fail Banks / Politics / Market Regulation
By: Money_Morning
Garrett Baldwin writes: Last week, four senators that include Elizabeth Warren (D-Mass.) and John McCain (R-Ariz.) introduced a bill to reinstate the Glass-Steagall Act.
The 21st Century Glass-Steagall Act, as it's called, would bring back many of the provisions of the former law and strengthen language to limit financial speculation by the big banks, reduce risk, and attempt to end "Too Big to Fail" once and for all.
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Monday, July 15, 2013
U.S. Senators Move to Create 21st Century Glass-Steagall Act / Politics / Market Regulation
By: Money_Morning
Garrett Baldwin writes: Warren, John McCain (R-Ariz.), Maria Cantwell (D-Wash.), and Angus Kin (I-Maine) introduced legislation that would again separate bank's traditional activities (like deposits currently backed by the Federal Deposit Insurance Corp.) from riskier activities like investment banking, insurance underwriting, swap dealing, and hedge funds.
Glass-Steagall was repealed by Congress back in 1999.
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Monday, July 08, 2013
The Problem with Market Regulation / Politics / Market Regulation
By: Alasdair_Macleod
It is seems to be universally agreed that regulation is a good thing, ensuring that people are treated fairly by unscrupulous businesses. Regulation is a vindication of state intervention and control. The alternative is seen as a free-market jungle full of hidden dangers and traps for the unwary and innocent.
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Friday, June 14, 2013
Truly Shocking - Selling Access to Market Moving Economic Data 2 Seconds Before Everyone Else! / Stock-Markets / Market Regulation
By: Money_Morning
Shah Gilani writes: Pssst...Want to buy a watch?
I don't have one for sale, but I know some folks that are willing to sell you... well, it's not a watch, but it's something much, much better. They'll sell you time. You want to buy some time?
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Wednesday, June 12, 2013
Forex Rigging Scandal and Market Manipulation / Currencies / Market Regulation
By: Jesse
The foreign exchange rigging scandal that is coming to light is very interesting, even in this time of financial scandals and corruption.
Here is the original Bloomberg story on it and you may wish to read it in its entirety.
Wednesday, May 29, 2013
The Real Reason Governments Are Killing Financial Privacy / Politics / Market Regulation
By: Casey_Research
By Nick Giambruno, Editor, International Man writes: At the latest G-20 meeting, central bankers, finance ministers, and an assortment of other central planners touted what they hoped would be a new "global standard" of the automatic sharing of financial information.
The US has taken the lead with the odious FATCA law, and the EU has followed suit with its own version. Through FATCA and other measures, both governments are aggressively seeking new ways to undermine financial privacy.
Sunday, February 17, 2013
Behind the SEC’s Revolving Door Between Jobs in Washington and Wall Street / Politics / Market Regulation
By: PhilStockWorld
John Light writes: The Project on Government Oversight (POGO), a government accountability watchdog group, published a report this week on the so-called “revolving door” at the Securities and Exchange Commission. Authored by POGO Investigator Michael Smallberg, the report highlights numerous examples of how the back and forth of SEC regulators between jobs in Washington and on Wall Street blunts the agency’s effectiveness.
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Thursday, January 24, 2013
On the Fringe of the Dominant Financial World / Politics / Market Regulation
By: Jeff_Berwick
Justin O’Connell writes: When CNN wrote recently, “Bitcoin, a virtual online ‘currency,’ seems to be gaining traction and legitimacy among those who need to transfer or launder their cash outside of the prying eyes of regulators,” they were elevating convenient prejudices over reality. For, although the prying eyes of regulators are something most people would rather avoid, the destructive policies of central bankers lead people to alternatives that may attract those eyes just the same. CNN referred to Bitcoin as "sketchy" and in so doing used a technique of identifying anything outside the purview of official transactions as “black market,” “gray market” or otherwise shady. The press outlet whittles Bitcoins’ userbase down to Iranians, hit men and drug dealers and others “who prefer to be paid in an untraceable currency.”
Sunday, December 23, 2012
Scandalous Market Regulators / Politics / Market Regulation
By: Mark_Thornton
The Democratic Party had its message on the economy well-prepared for the recent election. From President Obama to his campaign directors to campaign advisor-hacks, all the way down to the local party patsies, the message was uniform and well rehearsed. “We do not want to return to the failed economic policies of four years ago. Those policies caused the economic crisis that almost put the country back in a great depression. We cannot return to the naïve policy that deregulation is good for the economy.