Daily Archives: April 4, 2012

“Stock Act” a start; more needed to be done

“President Barack Obama Wednesday signed the Stop Trading on Congressional Knowledge (STOCK) Act nearly five months after CBS’s 60 Minutes report on how some members of Congress had been profiting from financial trades based upon undisclosed Congressional knowledge, commonly referred … Continue reading

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Chinese Premier on need to break up big banks

“With banks making record profits and the people frustrated by low interest rates on deposits and lack of lending, a nation’s leader is speaking out: “Let me be frank. Our banks earn profit too easily. Why? Because a small number … Continue reading

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Good discussion on why ECB’s LTRO not effective

Tony Sanders, Senior Scholar at Mercatus Center, George Mason University says the European Central Bank’s long-term refinancing operation, which has been cheered by the markets isn’t a good long-term policy. Here is the direct link.

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Dent: market on Crack wants more Crack

Harry Dent, author of “The Great Crash Ahead,” says stocks are way overdue for a correction. “A market on crack only wants more crack,” he tells CNBC’s Rick Santelli. Here is the direct link.

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Gretchen Morgenson on Wall Street impunity

Gretchen Morgenson has earned a Pulitzer-winning career from exposing abuse and conflicts of interest on Wall Street. In this interview, she confirms that there is indeed a second set of rules that our elite financial institutions enjoy, largely unfettered by … Continue reading

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