Banks’ capital stress tests

As a person who prides himself on communicating, a blog title such as “banks’ capital stress tests” is a little bit scary. Just because I can imagine how it must look to most people. You might be thinking, “Ugh! What the heck does that...

Off shore tax loop holes being closed : )

Hello everyone! I hope that each of you had a wonderful weekend. Here in Santa Fe it rained, a rare thing here in the high desert. Today’s post is about that President of ours’, Barack Obama’s, plan to close offshore tax avoidance loop holes. I am...

Revolt by B of A shareholders

In order for the worldwide economy to emerge from the global recession it is important that the leaders of the companies that contributed to the problems change. Sound familiar? Yup, I’ve been harping on this for a while now. So how does one go about...

Market response to bad GDP figures

You probably all saw that the financial markets on Wednesday were up very strongly. This is likely attributable to the positive comments about the economy that were made in the Federal Reserve Board’s minutes. However, the rise in the markets was also in the...

First quarter GDP contraction

For today’s second post, I absolutely have to say something about the surprising first quarter Gross Domestic Product (GDP) figure. In case you have not heard, the first stab (i.e. unrevised) at 1st quarter GDP says the economy contracted at an annualized rate...

New SEC anti-fraud team

Good morning folks! Today brings good news from the Securities and Exchange Commission (SEC). Recall that I have been calling for regulators to become more proactive in their regulation of financial institutions and markets. I have specifically said that it is...