Tales of the Red Tape #39: Swapping Wealth Creation for Regulatory Claptrap
Not many people know the meaning of “swap” (as in a financial hedge, not flea market). Only the most sophisticated investors actually understand the complexities… Read More
Obama Picks a Prosecutor: Mary Jo White Appointed to Head SEC
President Obama, moving quickly to complete the lineup for his second-term regulatory team, nominated attorney Mary Jo White yesterday to chair the Securities and Exchange… Read More
Chinese Investment: Stop Complaining
The Wall Street Journal and the Financial Times had front-page stories yesterday on the Securities and Exchange Commission suing the China subsidiaries of major accounting… Read More
Countrywide Gave VIP Loans to Top Policymakers, Regulators
The now defunct Countrywide Financial Corp. issued hundreds of discounted loans to government officials and Fannie Mae employees in order to build clout with influential… Read More
SEC Subpoenad CEO of Stimulus-Backed Electric Vehicle Company
The Securities and Exchange Commission filed a subpoena against electric vehicle company ECOtality in October of 2010, requesting documents relating to its investigation into insider… Read More
SEC Charges Reinforce Case for Eliminating Fannie Mae, Freddie Mac
The misguided federal policy to concentrate the U.S. mortgage finance industry in two huge government-sponsored entities was underscored again this morning when the Securities and… Read More
10 Years After Enron, Time to Throw Out Sarbanes–Oxley’s Section 404
Exactly 10 years ago today, the Enron Corporation filed for bankruptcy after it was revealed that it had blatantly falsified its earnings statements for many… Read More
Look Before You Regulate: Measuring the Costs of Financial Rules
You would think that any regulation that could affect a major part of the economy and cost industry and/or consumers millions of dollars to comply… Read More
Problems Exposed in SEC Whistleblower Law
The folks at the National Whistleblowers Center (yes, there is one) like to tell of Samuel Shaw and Richard Marven, two sailors who landed in… Read More
Top 10 Reads: July 22, 2011
Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. America’s jobless ask: Where’s the recovery?… Read More
