Tag Archives: SEC

Was Bernie Madoff a Mafia Front?

The Wall Street Journal is very careful with the libel laws, but I am increasingly confident that their reporters are beginning to sense that organized crime sits somewhere in the Bernard Madoff Ponzi scheme. The tipoff come from their classic … Continue reading

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Fox Requests Better Security on Henhouse

I must say it takes a lot of nerve for SEC Chairman Chris Cox to write an Op-Ed calling for better regulation of the Derivatives Market. As I have pointed out recently, Cox’s appointment to head the SEC was part … Continue reading

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What is Chris Cox Trying to Hide?

Senator Charles Grassley asked the SEC Inspector General Kotz to give him a report on the collapse of Bear Stearns. Before it was released to the public on Sept. 26, Kotz deleted 136 references, many detailing SEC memos, meetings or … Continue reading

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The Fateful Decision

Last month I wrote about the fateful decision of the SEC to free the big investment banks from fixed leverage ratios. This morning, The New York Times catches up and writes a good piece on that little known decision. Many … Continue reading

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Ratings Race To The Bottom

Bloomberg’s Eliot Blair Smith has just broken an important story that gets to the root of the current financial crisis. In August 2004, Moody’s Corp.unveiled a new credit-rating model that Wall Street banks used to sow the seeds of their … Continue reading

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Roots of The Credit Crisis

This seemingly innocuous power point slide from the Securities and Exchange Commission (SEC) was used in June of 2004 to explain to market participants a new ruling on how broker dealers could compute their “net capital”.¬†Instead of the previous fixed … Continue reading

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Did The Shorts Bring Down Bear Stearns?

Jamie Dimon, CEO of J.P. Morgan wants to know who made all the money shorting Bear Stearns. “This is even worse than insider trading. This is deliberate and malicious destruction of value and people’s lives,” Dimon said. “They shouldn’t go … Continue reading

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