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Monthly Archives: December 2013
Woody Allen
Is it fair that free market philosophy expects you to reinvent yourself, if necessary as a supermarket cashier, if your former existence as state of the art socialite has become untenable? Continue reading
Another proof that regulation alone cannot produce sound financial markets
The US Security and Exchange Commission has decided to drop mortgage crises-related charges against several big financial institutions. Do we need more proof that regulation alone cannot safeguard the soundness of financial markets? Continue reading
Poor Bank Examiners!
The new Volcker rule bans proprietary trading by big banks. But considerable systemic risk challenges remain even after the new Volcker rule has been adopted Continue reading
The Golden Rule is not an end in itself
The Golden Rule isn Continue reading
