http://www.diigo.com/user/Tonycurzonprice/regulation Sat, 22 Mar 2008 21:35:15 -0000 Sat, 22 Mar 2008 21:35:15 -0000 http://www.nytimes.com/2008/03/23/business/23regulate.html?_r=1&hp&oref=slogin <p>The lobby is out already to stop regulation ...</p><p><strong>Highlights and Sticky Notes:</strong><p><div class="content">“If we don’t tread very carefully on restructuring a very complex financial system, we might stifle the necessary animal instincts of a free market,” said Mark A. Bloomfield, president of the American Council for Capital Formation, a business advocacy group. “Every day, the cries of populism grow stronger and could trample good economic policy.”</div></p><p><div class="content">“What we’re looking at in our blueprint is how to make our regulatory structure more efficient, less duplicative and more in line with today’s capital markets,” said David G. Nason, assistant secretary of the Treasury for financial institutions. “We’ve got five regulatory agencies focused on depository institutions. We’re one of the only countries in the world that separates securities from futures, and our regulation of insurance is solely at the state level.”</div></p><p><p><strong>Tags:</strong> <a href='http://www.diigo.com/user/tonycurzonprice/regulation' rel='tag'>regulation</a> <a href='http://www.diigo.com/user/tonycurzonprice/subprime' rel='tag'>subprime</a> </p><p><strong>Posted by:</strong> <a href='http://www.diigo.com/user/tonycurzonprice'>tonycurzonprice</a></p> Sat, 22 Mar 2008 21:35:15 -0000 http://krugman.blogs.nytimes.com/2008/03/22/hiding-behind-the-invisible-hand <p></p><p><strong>Highlights and Sticky Notes:</strong><p><div class="content"><blockquote><p>Consider the press conference held on June 3, 2003 — just about the time subprime lending was starting to go wild — to announce a new initiative aimed at reducing the regulatory burden on banks. Representatives of four of the five government agencies responsible for financial supervision used tree shears to attack a stack of paper representing bank regulations. The fifth representative, James Gilleran of the Office of Thrift Supervision, wielded a chainsaw.</p> </blockquote> <p></p></div></p><p><p><strong>Tags:</strong> <a href='http://www.diigo.com/user/tonycurzonprice/economics' rel='tag'>economics</a> <a href='http://www.diigo.com/user/tonycurzonprice/regulation' rel='tag'>regulation</a> <a href='http://www.diigo.com/user/tonycurzonprice/subprime' rel='tag'>subprime</a> </p><p><strong>Posted by:</strong> <a href='http://www.diigo.com/user/tonycurzonprice'>tonycurzonprice</a></p> Sat, 22 Mar 2008 21:31:49 -0000 http://www.ft.com/cms/s/0/3da550e8-9d0e-11dc-af03-0000779fd2ac.html <p>banks free-loading on subsidy</p><p><strong>Highlights and Sticky Notes:</strong><p><div class="content">What seems increasingly clear is that the combination of generous government guarantees with rampant profit-making in inadequately capitalised institutions is an accident waiting to happen – again and again and again. Either the banking industry should be treated as a utility, with regulated returns, or it should be viewed as a profit-seeking industry that operates in accordance with the laws of the market, including, if necessary, mass bankruptcies.</div></p><p><p><strong>Tags:</strong> <a href='http://www.diigo.com/user/tonycurzonprice/banking' rel='tag'>banking</a> <a href='http://www.diigo.com/user/tonycurzonprice/finance' rel='tag'>finance</a> <a href='http://www.diigo.com/user/tonycurzonprice/regulation' rel='tag'>regulation</a> </p><p><strong>Posted by:</strong> <a href='http://www.diigo.com/user/tonycurzonprice'>tonycurzonprice</a></p> Mon, 17 Dec 2007 21:44:24 -0000 60