Temple Associates
Advice for Fund Managers, Securities and Banking Firms
Showing posts with label
USA
.
Show all posts
Showing posts with label
USA
.
Show all posts
8 Sept 2017
Top Execs sell stock before bad company news breaks
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When well-paid (overpaid?) top executives behave like this one should not wonder that Capitalism and the Market System increasingly lose pub...
13 Jun 2017
Money laundering laws - waste of money and attack on privacy
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Anti Money Laundering laws - nearly as useless as the attack on alcohol during the 1920s in the USA. And instigated from the same legislativ...
19 May 2017
Slap on the Wrist for Omega's Cooperman
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Can one call a $5 million fine significant given that Cooperman is a certified billionaire? Slap on the wrist would be more appropriate. And...
29 Aug 2015
Money Laudering: what is a 'suspicious' transaction?
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Apart from finance professionals being clairvoyants it is extremely tricky to safely fulfil the regulator's insistence to report all su...
30 May 2014
US blackmails banks - EU useless
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The US 'authorities' (if you can name them as such as the country becomes more and more ruled by out-of-control lobbies and zealots)...
6 Jan 2014
J.P. Morgan to pay $2 billion over Madoff case
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Not sure if one should cry or laugh when reading headlines such as this one . How did the parties to this shameful deal arrive at the number...
11 Apr 2013
Fed sends Minutes a Day (!) early - the real questions
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In the Lobby-infested cesspool that is Washington it is no surprise to find that the Fed 'accidentally' sent copies of the latest Mi...
11 Dec 2012
Scandalous Regulators
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Anyone who thinks that I take too negative a view of the 'efforts' of the regulators should have a look at this article. ( Mises I...
6 Dec 2012
Derivative Timebomb - still not defused
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Talk, talk, talk - that is all the regulators and their political puppet masters seem to provide with respect to the derivatives market. Cou...
4 Dec 2012
Nonsensical 'study' of High-Speed Trading
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While I am critical of some aspects of high-frequency trading - esp the speed advantage that technology provides and which undermines the pr...
3 Dec 2012
CFTC: Regulator fit for purpose?
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The US Commodities and Futures Trading Commission certainly knows how to make a hash of their task. While major regulatory disasters such as...
1 Jun 2012
Jamie Dimon: From Saint to Villain
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Since news about the trading loss in JP Morgan's Chief Investment Office broke in April there has been any number of commentators who vi...
16 May 2012
JP Morgan 'loss' - too much ado about nothing?
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The reported 'loss' that JP Morgan took on its investment account may appear to be large but in the context of a portfolio size of ...
19 Mar 2012
Stress tests - same (sad) old story
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The publication of the results of the latest stress test performed on US banks does little to inspire longterm confidence in the ability of...
2 Mar 2012
Charlie Munger on Derivatives in 2003
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"But I confidently predict that there are big troubles to come. The system is almost insanely irresponsible. And what people think are ...
29 Feb 2012
Assuming a Meteorite hits New York
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all banks in the USA may see their ratings downgraded. That seems to be the logic behind the thinking that causes Tom Brown to decry the la...
8 Dec 2011
Corzine testimony: 'I knew nothing!'
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That is what we would call the Manuel defence - remember the funny Spanish waiter in the television comedy 'Fawlty Towers'? But as ...
4 Dec 2011
Fair play in Bank Bailouts
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The sorry saga surrounding the Bailout of major financial institutions during the banking crisis of 2008 should teach regulators and politi...
24 Nov 2011
More stress tests for banks don't make sense
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writes Thomas Brown
22 Nov 2011
MF Global Bankruptcy torpedoes Futures Markets
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When Warren Buffett spoke of derivatives as 'weapons of mass destruction' not a few belittled him as old-fashioned. Now that the ful...
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