All Posts Tagged With: "securities and exchange commission"
Just Wondering
Would Bernard Madoff’s prospective victims have been better or worse off in a world with no government oversight of investment matters whatsoever? Is necessary to spell out the answer?
31Oct2011 | Sheldon Richman | 4 comments | ContinuedMaking Whistle-Blowing Pay
The federal bureaucracies are hard at work churning out rules to implement the Dodd-Frank financial “reform” act. In May the Securities and Exchange Commission announced rules for its new whistleblower program, which rewards individuals who provide the agency with “high-quality tips that lead to successful enforcement acts.” The minimum amount of recovered funds that can [...]
21Sep2011 | Warren C. Gibson | 2 comments | ContinuedFinancial Regulation Snake Oil
Recent turmoil set off by the threat of Greek insolvency shows how fast markets change. Fear about the inability of European governments to pay their debts caused the 2010 turbulence. By contrast, the 2008–2009 havoc was rooted in the collapse of property values. The next crisis will be about something else, possibly another government’s debt. [...]
25Aug2010 | Chidem Kurdas | 1 comment | ContinuedA Failure of Capitalism: The Crisis of ’08 and the Descent into Depression
Richard Posner’s latest book belongs to the fast-expanding cottage industry of financial crisis books. A federal judge with a grounding in economics, Posner would seem to be an ideal person to tackle this complicated subject. Alas, he provides neither fresh material nor an interesting perspective. Posner describes well-known events—the failure of investment banks Bear Stearns [...]
5Jan2010 | Chidem Kurdas | 1 comment | ContinuedThe Long and Short of Short Selling
Short selling is a little-understood, much-maligned tactic by which traders can profit from their belief that a company’s stock is overvalued. Following the financial problems of the last two years, short selling has come under fire, with new or revived regulations proposed to curb the practice. It is unpatriotic, destructive, and destabilizing, say the critics. [...]
5Jan2010 | Warren C. Gibson | 12 comments | ContinuedPunishing the Innocent: The Sarbanes-Oxley Act
Barbara Hunter is a freelance writer. She recently retired after more than 25 years in the field of information technology, primarily at high-technology companies and law firms. If any person or any group had set itself the task of creating a law whose purpose was to destroy the American free-enterprise system, it could not have [...]
1Mar2007 | Barbara R. Hunter | 5 comments | ContinuedIronic Triangle
“No man’s life, liberty or property are safe while the legislature is in session.” -Unidentified New York Surrogate Court judge, 1866 “President Bush has strongly hinted that he will sign any bill that emerges from Congress.” -New York Times, July 17, 2002 Did you hear the one about the congressional committee that grilled the businessman [...]
1Oct2002 | Sheldon Richman | 0 comments | Continued-
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