18 Mar 2009

Bank of England Governor in a swipe at the FSA

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I think this short quote from Mervyn King's speech to bankers speaks for itself: 'A system in which it is easier for a large bank to...
10 Mar 2009

Danger of trying to buy market share

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A short press article ('As Merrill Lynch sputtered, it made a big bet on Brazil', Wall St Journal, 10 March 2009) reminded us of the...

Banking Secrecy - Enemy Number One or convenient scapegoat?

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During the recent past politicians and lobbies of all persuasions seen to have found a new 'Enemy Number One' - Banking Secrecy and ...

Danger of trying to buy market share

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A short press article ( 'As Merrill Lynch sputtered, it made a big bet on Brazil' , Wall St Journal, 10 March 2009) reminded us of...
8 Mar 2009

Lloyds-TSB: Failure to heed the warning signs

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Management has stubbornly refused to call off the acquisition of HBOS. The warning was on the wall in CAPITAL LETTERS and for all to see. We...
25 Feb 2009

Shall we 'modify' away Wilbur Ross' wealth?

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Shall we 'modify' away Wilbur Ross' wealth? During the past few weeks the chorus of experts in politics, academia and business h...
21 Feb 2009

Madoff - could he have done it alone?

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What is the similarity between the Fritzl case in Austria and the Madoff scam? In both cases it is extremely unlikely that those close to th...
10 Feb 2009

More on Mark-to-Market

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See also: Former FDIC Chairman William Isaac on some historical perspective on mark-to-market accounting: Market Value Accounting Crippling ...
8 Feb 2009

Regulators too close to Lobbies

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Reading that Jay Levine, the former head of Royal Bank of Scotland's US Capital Markets Business, has made substantial donations to Chri...
5 Feb 2009

Failure of Accounting Reform

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An interesting article supports our view about the problems associated with Mark-to-Market: Jesus Huerta de Soto : Financial Crisis, The Fai...