The US Financial Reform Bill is too long
The US Senate has started to debate the Financial Reform bill. This bill proposes the most sweeping changes to US (and, therefore, global) financial markets regulatory practices since the Great Depression of the 1930s.
So one might think this an extremely important bill, right? So all the Senators have Read more
The incredible story of the Icelandic banking crisis
The Icelandic Special Investigation Committee (SIC) yesterday (April 12th, 2010) delivered its report on the collapse of the three main banks in Iceland. It makes shocking reading.
It can be downloaded here.
At Vox Sapiens, our initial vision was of a couple Escher’s masterpieces. Read more
How to prepare for the collapse of the euro currency union.
Greece uses the same currency as Germany. But Greek government bonds yield almost four per cent more than German government bonds, an all time record for the eurozone.
This is telling us something; really telling us something. The bond market is pricing in a high possibility of default by the Greek state. Read more
To whom are the ratings agencies legally accountable?
So McClatchy Newspapers has discovered that in late 2007 some analysts at Moody’s Investors Service were “downsized” for expressing concerns about the accuracy of the ratings being applied to some of the CDOs (collateralised debt obligations), especially those comprising MBSes (mortgage backed securities).
The news group alleges that Read more