Are the plaintiffs in the Goldman case crybabies?
Snippet: “What was Goldman supposed to disclose: that the guy on the short side was smarter — like way, way, way smarter — than Goldman’s clients on the long side?”
Read the rest on The Corner at NRO.
Bernanke goes all Obama; lays out plan to tighten-up. . . someday. Not saying he is wrong to keep rates low for now; just that making promises to reform someday is a very un-Fed-like, and very politician-like.
If we thought the Administration was serious about coordinating banking reform with Europe, then we’d be scared. Wait a [...]
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// That’s the only conclusion one can come to after reading Rep. Scott Garrett’s bonehead quote in the WSJ report on Obama’s financial reform speech. The WSJ reported Garrett as saying:
“This renewed focus on financial-services reform by the Obama administration is clearly a transparent attempt at faux-populism, in light of the outcome of the [...]
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Andrew Redleaf and Richard Vigilante Call for Clarity, Full Disclosure and Raised Capital Requirements
Wall Street Journal today reports, “President Barack Obama on Thursday is expected to propose new limits on the size and risk taken by the country’s biggest banks, marking the administration’s latest assault on Wall Street in what could mark a return, [...]
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// Statement by Andrew Redleaf, CEO, White Box Advisors, a leading investment firm and Co-Author of the upcoming book Panic
“The risk is that the big banks become like tobacco companies or casinos; the government starts by campaigning to eliminate vice and then finds it’s addicted to the revenue. Rather than creating more incentives for government to [...]
