The rigger's log

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.

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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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

To get an email notice of new blog posts, including notice when each newsletter is released, subscribe:

Bill Moyers interviews super-bright Pulitzer Prize-winning New York Times reporter and columnist Gretchen Morgenson on the banking crisis and flaccid congressional response.

“When I was living through it, watching it in terror literally at my desk at The New York Times because it really was on the precipice, there we were, I thought to myself, “We will address this because this is so frightening and so scary and so damaging to this country.” And I thought we will address it because this is the big one.

This is the big crisis that we’ve been leading up to. Long-Term Capital Management didn’t really destabilize the system, the internet bubble didn’t really destabilize the system, this was the big one. And yet the response was so lame and so ineffectual that it absolutely will happen again.”

Gretchen Morgenson on Industry Influence from BillMoyers.com on Vimeo.

You can read the transcript here.

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