Pieces Of The Puzzle (unfinished)
(This is entry is unfinished. I still need to add explanation. I am traveling on Sunday and will update this entry in 24-36 hours.) An Analysis of Bank Failures : 1984 to 1989 (emphasis mine) [my comment] … regulators also must cater to a political clientele who are intermediate or competing principals. As illustrated by the cases of Lincoln Savings and Loan in California and Vernon Savings and Loan in Texas, the political costs to the regulator of closing insolvent institutions can be quite large. Principal-agent problems also arise from the post-government career opportunity set facing a regulator. As Kane (1989) points out, individual regulators have incentives to not take actions in the public’s interest if they are…

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Finished my stay in Tambov and am headed back to Moscow on overnight train. I will post pictures and details of trip tomorrow. ——————————– I am also plan on further exploring the theme that the financial crisis is the result of “the promotion of deregulation and aggressive, expanded...
After yesterdays look at the micro workings of the money markets lets stand back during this interlude in Nightmare on Elm Street and have another look at the really Big Picture. To make sure we’re still heading in the right direction, let’s have a look around… Behind us The US banks with a large dose of help from the accountants...
While regulators are maturing with the industry, some of them are still incompetent and traders aren’t always aware of regulation in forex. Better regulation is essential in making forex more mainstream. Part of the blame for the financial crisis was on big financial institutions such as Lehman Brothers and AIG, and the lack of proper regulation....
Yet another busy day awaits forex traders. Economic indicators might be overshadowed by many political events today. Here’s what’s expecting us today: Apart from scheduled events, US President Barack Obama will make an important speech in his “State of the Union” address. He is expected to talk about the economy after one...
I’ve already reported about Currensee’s Round B funding . It now announces the last piece of this funding – Vernon & Park Capital, a financial services firm, has added its own $825,000 to this round. This new investor is closer to the forex markets than previous investos. Jim Ginsburg, is a managing partner at Vernon &...
The Associated Press reports the provisions of the negotiated financial reform bill . (emphasis mine) [my comment] Provisions of the negotiated financial reform bill By The Associated Press (AP) – 3 hours ago Some highlights of the compromise legislation to overhaul financial rules: ___ OVERSIGHT A 10-member council would monitor threats to the...
Stock Trading Nitty Gritty is the new course from Bill Poulos which teaches you how you can successfully trade individual stocks. (…)
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At the moment, only 7 banks failed the tests, better than expected. Now the big question is about the quality of the tests. Until the methods of the tests are clarified, the Euro will continue hesitating. The number of failures is less important than the seriousness of the tests. Update: A case of a sovereign default wasn’t taken into account....
The risks in trading forex are manifold. There is interest rate risk (the possibility that interest rates could change adversely), country risk (that a political, economic, or monetary crisis could adversely affect the dynamics of a country’s currency), and obviously there is exchange rate risk (that exchange rates can and often do fluctuate...
On Wednesday, I said I would publish final draft of my major article on Friday. However, after thinking about it, I realized it doesn’t make sense. The process of publishing a final draft and adding the 30+ pictures would cost me three or four hours (the adding the pictures, formatting, etc is on a big blog entry is really tedious). It makes more...
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