30 Apr 2010

Private Equity Investment in Banks poses Risk

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The wisdom of allowing 'Private' Equity firms to invest in the regulated and highly sensitive banking sector has to be questioned. B...
27 Apr 2010

Credit Derivatives: Ban speculative Buyers of 'Protection'

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News that speculators are betting that municipalities and federal states in the USA may default highlights the urgent need for reform of t...

Goldman most powerful Bank?

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Hubris comes before the fall. The headline above illustrates the danger that companies and their managements start to believe what they read...
23 Apr 2010

Lacking CDO Disclosure: Who is to blame?

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It takes two to tango. The present discussion about the alleged lack of disclosure in CDO transactions directs most of the criticism toward...

Bank Reform: Ban on non-bank business

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A dispute between the City of Berlin and Goldman Sachs raises the question of the investment by banks in non-bank businesses. More than o...

Financial Reform: rejoinder to Ferguson and Forstmann

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We are honored by the fact that the Wall Street Journal refuses to post this comment on today's article by the ubiquitous Niall Fergus...
22 Apr 2010

Financial Reform Bills - the case for democratic reform

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When financial reform bills are 1273 and 1336 pages long as in the case of bills that have been passed or debated by the US Congress one ca...

Fabrice Tourre: Goldman's sacrificial lamb?

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News that Goldman Sachs has withdrawn Fabrice Tourre's registration with the FSA here in London leaves a somewhat sour taste. All to...
21 Apr 2010

IMF - full of bureaucrats and tax dodgers

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When the IMF bureaucrats call for more taxes on the banking system one can only feel a sense of revulsion. Not enough that politicians th...

Disclosure no safeguard against deception

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The more complicated the securities and investment businesses become, the longer are the legal disclaimers that pepper the front and back of...