The Financial Stability Oversight Council (FSOC), the unelected oversight group created by the Dodd-Frank Act to monitor and regulate firms deemed to pose systemic risk to the economy (ie. “too big too fail”), has decided begun to expand its remit beyond what even the law’s authors had imagined.
Tagged: Financial Crisis
The EU blinked. It’s obvious the EU does not want a high-profile political confrontation with Google over a search monopoly abuse enforcement action. Last May, when the Competition authorities announced[...]
The Democratric Party controlled mainstream media reported the November unemployment report as “better than expected.” But in reality it showed that America is stumbling along into a second Great Depression under “Obamanomics”[...]
[First posted at The American Spectator.] With a second term for Obama, the world-leading America we have known and hoped to leave to our children will be gone. June’s jobs report[...]
(First published at Forbes.com.) President Obama has led America into an accelerating downward spiral. Destination: Argentina. Last Friday’s calamitous jobs report was just a signpost on the way. Argentina enjoyed the world’s fourth highest per capita[...]
The headline above was seen a lot in the latter part of the Carter administration. We can only hope that it’s as wrong then as it is now. But we are[...]
A brilliant discussion of the financial crisis occurred at the Milken Institute on May 2, moderated by Alan Schwartz, Executive Chairman, Guggenheim The speakers were: Kenneth Griffin, Founder and CEO, Citadel[...]