Structural Changes at S.E.C.
Arthur Levitt is incensed. That doesn’t happen all that often. It takes a lot to make the level-headed, even serene, former...
No Spoofing, Quote Stuffing or Flash Orders Allowed
Stock exchanges once were operated as not-for-profit public utilities, managing the listing and trading of companies in the public...
The Trouble With Monopolies
Source: Business Insider I missed the Democratic debate Tuesday evening, occupied as I was with listening to classic rock...
The Latest Cognitive Dissonance: Weak Recovery is all Dodd...
Don’t Blame Dodd-Frank for the Slow Recovery The law isn’t perfect, but it hasn’t hurt small-business lending....
Bankers Launch Hostile Takeover of CFPB
Last week, we discussed several developments that have the banking industry up in arms. Each of these trace back to Democratic Senator...
Firing a Researcher on Fiduciaries for Breaching A Fiduciary Duty
Over the years, I have written and spoken positively about the fiduciary standard (see e.g., this or this or this). Simply stated, a...
Regulation and Liquidity Provision
Regulation and Liquidity Provision September 30, 2015 William C. Dudley, President and Chief Executive Officer Remarks at the SIFMA...
Changes in the Home Loan Process
A reader who happens to be a mortgage loan originator send along this awesome graphic. To me, it calls bullshit on the WSJ article I...
Oh, No! Disclosure is Going to Mess Up Housing Sales!
Starting Saturday, the real-estate industry will be subject to new disclosure rules, courtesy of the Dodd-Frank law and the Consumer...