By: idoc
Simon, you’re doing a great job of spreading the word about the true problem of our banking system in your recent interviews about the book. i would suggest going on John Stewarts Daily Show as well....
View ArticleBy: Robin
Increasing capital requirements is all well and good–but will be futile if nothing is done to remedy the joke these large institutions are allowed to call “accounting.” Call me cynical, but I don’t...
View ArticleBy: pebird
I believe that the idea of capital as a “buffer” is misplaced. Yes, during normal times you raise more capital to keep the flow moving. But, if you are drawing down capital during a significant market...
View ArticleBy: Rickk
Jamie Dimon, JPMorgan CEO, Blasts ‘Demonization’ Of Big Banks 04- 1-10 08:59 AM – Huff Post – excerpt “In his annual letter to shareholders, Jamie Dimon, the CEO of JPMorgan Chase, criticized the...
View ArticleBy: George
Seconded – why hasnt this happened already? Even though its a partisan audience, its a big one.
View ArticleBy: 1 Kings
Stinking bastrrd.. Dimon lives in Chicago-’We freaking perfected extortion, you chumps’.
View ArticleBy: RueTheDay
Re: Glass-Steagall, yes it would have this effect. However, we need an “updated” Glass-Steagall, one that declares the shadow banking system (e.g., money market funds, the commercial paper market, and...
View ArticleBy: Richard Hoogesteger
You have a point, but I would remind you that the savings and loan crisis was a lot of little banks with insufficient capital that got into trouble. You get closer to the core of the problem when you...
View ArticleBy: Per Kurowski
Amazingly Simon Johnson and James Kwak again evidence that they do not understand what really happened and do not possess sufficient knowledge about how the current financial regulations operate so as...
View ArticleBy: Bayard
Glass-Steagall is the answer. I used to sit on a Board of Governors of one of the insurance industry’s trade associations. We lived in terror of giving banks the right to sell our insurance on their...
View ArticleBy: AR
Simon, have you seen Andy Haldane’s latest speech, ‘The $100 billion question’? He characteristically frames the debate in a brilliant way.
View ArticleBy: Per Kurowski
“We need the general populace to hear your message and understand it.” What message? To hate the bankers or how o insure how our savings get re-circulated in the best way for society to go forward? To...
View ArticleBy: Simon van Norden
I understand (I think) the point that you’re trying to make on concentration, size and complexity in US banking. However, if you read it over objectively, you might agree that the above post goes too...
View ArticleBy: Byrne
This is probably not enough to accomplish what you want to accomplish. You can have a group of entities that are taking the same risks and behaving in the same way. Look at fixed-income arbitrage in...
View ArticleBy: Per Kurowski
Done correctly signifies to me the same capital requirements for all assets because it is exactly when regulators get involved into arbitrarily managing for risk that the whole market gets confused and...
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