‘Politics’ Archive

The Banks Aren’t Giving an Inch

Sunday, July 14th, 2013

Jamie Dimon and other Wall Street leaders continue to publicly bemoan the fact the 2010 Dodd-Frank financial industry reform act. They complain about having to deal with too much “uncertainty.”

Behind the scenes, though, they’re doing a give-no-ground defense against many of the reforms we most need, precisely because they reform practices the banks have used to our harm and their profit. Where they can, they de-fang. Where they can’t de-fang, they delay.

Sarah N. Lynch of Reuters picks up the story:

SEC frustrated over pace of U.S. financial crisis reforms

 

Longsplice rope

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Volcker blasts bank regulation inertia

Thursday, May 23rd, 2013

Respected former Federal Reserve Chairman Paul Volcker had some caustic comments for the continuing muddle of agencies involved in regulating US banks, and the continuing lack of effective regulation. As quoted in the WSJ:

Volcker: Multiple Bank Regulators Is ‘Recipe for Getting Nothing Done’

Thank you, Mr. Chairman. I hope someone listens.

 


The March 2013 Capital Drain newsletter was posted last week.

Friday, April 5th, 2013

Hi,

I’ve just (last week) posted and emailed the March 2013 Capital Drain newsletter. If you’re on the direct mailing list for that, you should be receiving it now.

If you’re not yet on the list, but would like to be, send me an email.
If you just want to read the letter, follow this link: March 2013 CapDrain.

I hope you’ll enjoy it. You can sample from the past several years of newsletters on this page.

As you know, I’ve been away from the blog for a while. I had to move my home and the company on short notice, but I’m settled and productive again. In many ways the new place is a delight, but I’ll miss my frequent visits with favorite people and businesses in Redwood City and neighboring towns.

-R

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The June 2012 Capital Drain newsletter is ready

Sunday, July 1st, 2012

Hi,

I’ve just sent out the June 2012 Capital Drain newsletter. If you’re on the direct mailing list for that, you should be receiving it now.

If you’re not yet on the list, but would like to be, send me an email.
If you just want to read the letter, follow this link: June 2012 CapDrain.

I hope you’ll enjoy it. You can sample from the past several years of newsletters on this page.

-R

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