"The Federal Reserve isn't taking strong enough action to reduce risk in the financial system, says MIT economist Simon Johnson, former chief economist of the IMF.
"Senior Fed officials seem to have slipped back into their pre-2008 ways, ignoring concerns about dangerous financial-sector behavior, even when those concerns are expressed by members of the U.S. Senate Banking Committee," he writes on Project Syndicate.
"This is not only unfortunate; it is also dangerous, because the Fed’s political position is much more precarious than its leadership seems to realize."
While many conservatives complain that the Dodd-Frank financial reform law goes too far, Johnson says the Fed's biggest mistake is that it hasn't moved forcefully to implement the law's key provisions.
For example, big banks are supposed to come up with living wills, detailing how they would shutter in a collapse.
"Creating such living wills is not an option; it is a requirement of the law," Johnson writes. "Yet, in a recent speech that reviewed the landscape of financial reform, Fed Vice Chairman Stanley Fischer skipped over the requirement almost completely."
Meanwhile, MarketWatch writer David Weidner says the public's discontent with big banks may turn into a major issues in the 2016 presidential campaign.
"A fresh wave of frustration, mostly from the political left, is mounting," he writes. "And it’s not only pressuring the current administration to keep pressing forward with industry reforms, its threatening to make the conduct of big finance a major issue in 2016." "
from: The Declaration of Independence: "all Men are...endowed by their Creator with certain unalienable Rights... to secure these Rights, Governments are instituted... whenever any Form of Government becomes destructive of these Ends, it is the Right of the People to alter or abolish it"
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Apr 14, 2021 1:41:25 GMT -6
Susan George: Thank You for your support!
Dec 21, 2020 17:18:51 GMT -6
Tonja: I think you need to consult with a professional development team. Start by covering your idea and implementing its design. This should be a company with experience as northell.design
Nov 29, 2020 17:15:41 GMT -6
VasCos: Mobile cryptocurrency wallet is a mobile application that stores your cryptocurrencies and carries out your transactions. Learn more about cryptocurrency wallets at plark.io right now.
Nov 13, 2019 16:18:54 GMT -6
ConGM: Please direct me to the full article by Susan George. Or email to email@example.com.The provided link is broken. I'd like to read it in preperation for a course. Much appreciated.
Nov 13, 2017 15:19:23 GMT -6
ace comando: Well, it took me several days and a lot of code writing to sift through the millions of achieved pages on the Wayback Machine achieves. Was about to give up when a colleague gave me mining script to look at all archived pages whether displayed or not. And
Feb 24, 2017 19:44:10 GMT -6
unlawflcombatnt: I've now changed the colors on the board to something more readable. At least now readers can find the sign-in tab.
Jul 6, 2014 22:58:23 GMT -6
unlawflcombatnt: OldUser-the sign-in area is in the dark area immediately under the red section that says Economic Populist Forum. It's almost impossible to see, unless you know where to look. This was ProBoards idea, not mine.
Jun 12, 2014 11:52:53 GMT -6
OldUser: There's no link on here to sign on or login. Where'd it go?
May 29, 2014 8:44:44 GMT -6
jeffolie: One might short a bull ETF to gain the decay but this requires a margin position subject to changes imposed by the exchanges & brokers
Oct 26, 2013 13:26:07 GMT -6
jeffolie: Holding a stop loss in these algo dominated markets almost always means the algos will hit your stops
Oct 26, 2013 13:20:09 GMT -6
jeffolie: Even so, these leveraged ETFs do not create margin calls nor expiration dates thus allowing one to hold indefinitely
Oct 26, 2013 13:17:52 GMT -6
jeffolie: Yes, the ETF features fading/leveraged decay because the futures and/or options used decay plus the administrative costs rise the decay, declining value ... I accept this as a cost and feature of all ETFs that purchase futures/options to maintain price
Oct 26, 2013 13:15:38 GMT -6
mimzy: jeffolie ~ I've been reading/lurking you for a year or three now and was wondering if your could you explain how you overcome quantum fading/leveraged decay in your ETF short position of the DJIA?
Oct 25, 2013 20:46:26 GMT -6