{"id":94,"date":"2009-03-10T17:28:00","date_gmt":"2009-03-10T21:28:00","guid":{"rendered":"http:\/\/www.intuitiveinvestor.com\/web\/?p=94"},"modified":"2018-08-23T14:08:07","modified_gmt":"2018-08-23T18:08:07","slug":"speak-of-the-devil-so-to-speak","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2009\/03\/10\/speak-of-the-devil-so-to-speak\/","title":{"rendered":"Speak of the devil, so to speak"},"content":{"rendered":"<p><span style=\"font-size: 16px;\">So just after my comment earlier today that regulators need to begin talking about new regulations to better shepherd the financial markets, Ben <span id=\"SPELLING_ERROR_0\" class=\"blsp-spelling-error\">Bernanke<\/span>, Chairman of the Federal Reserve, said, &#8220;&#8230;the time for such a longer-term discussion has come&#8230;&#8221;. <span id=\"SPELLING_ERROR_1\" class=\"blsp-spelling-error\">Shazam<\/span>!<\/span><\/p>\n<p><span style=\"font-size: 16px;\">What exactly did <span id=\"SPELLING_ERROR_2\" class=\"blsp-spelling-error\">Bernanke<\/span> propose? Well the details are a little thin at this point, but here is what has been stated:<\/span><\/p>\n<ul>\n<li><span style=\"font-size: 16px;\">He focused on four things: systemically important and interconnected firms; financial infrastructure; regulation; and addressing systemic risks under one authority.<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u00a0Regarding the big, interconnected firms he said that those firms that are &#8220;too big too fail&#8221; need to receive especially strong regulatory scrutiny<\/span><\/li>\n<li><span style=\"font-size: 16px;\">He also <span id=\"SPELLING_ERROR_3\" class=\"blsp-spelling-corrected\">proposed<\/span> limiting the types of investments that money-market mutual funds could invest in. Another money market safety proposal was to create a limited form of insurance for money market mutual funds so that their net asset values could remain stable.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-size: 16px;\"><span id=\"SPELLING_ERROR_4\" class=\"blsp-spelling-error\">Bernanke<\/span> suggested that in boom economic times that deposit-insurance funding would collect more money than in the past in order to pay for down economic times<\/span><\/p>\n<p><span style=\"font-size: 16px;\">The important thing here is not the detail of any plan, but simply that an entente has been made. Hopefully this move will lead to a public policy dialogue and effective regulations will be put into place. As all of you know, I feel the most important thing is the centralization of regulatory authority so that there is a single regulator that has full transparency into the financial system.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Let&#8217;s all pay attention over the next several days to see if these comments begin to spark a public debate. Keep them fingers crossed!<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>So just after my comment earlier today that regulators need to begin talking about new regulations to better shepherd the financial markets, Ben Bernanke, Chairman of the Federal Reserve, said, &#8220;&#8230;the time for such a longer-term discussion has come&#8230;&#8221;. Shazam! What exactly did Bernanke propose? Well the details are a little thin at this point, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-94","post","type-post","status-publish","format-standard","hentry","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/94","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=94"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/94\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=94"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=94"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=94"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}