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Monthly Archives: July 2012
Libor scandal: largest scale fraud ever
“The economy is the main event but the LIBOR scandal will be on the under-card when Fed Chairman Ben Bernanke testifies before Congress today and tomorrow. At issue is what the Fed, and other bank regulators, knew about manipulation of … Continue reading
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Return to Prudent Banking Act of 2011
Support for HR Bill 1489, the Return to Prudent Banking Act of 2011 is slowly (painfully slowly) growing. The Act was tabled in April 2011: “To repeal certain provisions of the Gramm-Leach-Bliley Act and revive the separation between commercial banking … Continue reading
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Pimco’s El-Erian: “the markets should not bet on outcomes the Fed cannot deliver”
Mohamed El-Erian, PIMCO CEO & co-CIO, provides his perspective on stabilizing the euro zone; confronting the “fiscal cliff”; and whether the Fed should issue another round of easing. Here is a direct link.
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