My position on financial regulation has dramatically changed in the past 2 years since I began following the TARP bailout debates. I think we need smarter regulation and in particular, a systemic risk regulator with tools and resources to prevent Too Big To Fail and future taxpayer bailouts from happening again. I have spend manyContinue reading “Recommending Readings for #FinReg Observers”
Category Archives: Derivatives
Why This Entrepreneur is Having a Sleepless Night
Dear World, I bet if I were to ask everyone who knows me – including my family and all my entrepreneurial friends – to guess why I’m having a sleepless night – that no one would be right. Some of my friends might speculate that I’m having a “platform epiphany” like I did 3 yearsContinue reading “Why This Entrepreneur is Having a Sleepless Night”
What Is Wrong With US Capitalism? Las Vegas-style Gambling in the Banking Sector Has Outstripped the Silicon Valley Tech Sector.
John Doerr famously said that the internet was the “largest legal creation of wealth in the history of the planet.” But that creation of wealth is dwarfed by the similarly legal creation of wealth we see through the unregulated trading of derivatives. Bloomberg reported this morning on Wall Street’s lobbying effort to keep over-the-counter derivativesContinue reading “What Is Wrong With US Capitalism? Las Vegas-style Gambling in the Banking Sector Has Outstripped the Silicon Valley Tech Sector.”
Who Do You Know That Knows A Member of Congress?
I belong to a small non-partisan group called Americans Against Exotic Derivatives (AAXED). Our primary goal is to educate our elected representatives in Washington, D.C., about the conditions that led to the global financial melt-down. Our first project is to get a copy of a very important book in the hands of all 535Continue reading “Who Do You Know That Knows A Member of Congress?”