Having one risk expert on the boards risk committee is better than none, but a bit like having a general physician in an operating room when a heart surgeon, oncologist or anesthesiologist is needed.
Having one risk expert on the boards risk committee is better than none, but a bit like having a general physician in an operating room when a heart surgeon, oncologist or anesthesiologist is needed.
Jim Bruce, the director of a new documentary on the Fed, said Summers "doesnt really have a background in central banking" while praising Yellens character and integrity.
Most of the five-year retrospectives on the financial crisis were pretty boring, according to Editor-at-Large Barbara A. Rehm. But a few were very revealing about the industrys future, including the massive onslaught of rules still on their way.
A 1999 memorandum explains why the DOJ refrains from prosecuting large financial institutions for their blatant regulatory violations, but why does it refrain from going after the employees who behaved badly?
Through bitter experience, bond purchasers learned about the moral hazard embedded in private residential mortgage-backed securities and their grossly inadequate legal protections.
Filmmaker Jim Bruce has produced a devastating documentary that uses Fed veterans, such as Peter Fisher, to explain how the central bank pumps up asset bubbles.
Responding to potential enforcement actions has become even more challenging because the number of agencies with concurrent jurisdiction has increased, and the authorities of those agencies have been broadened.
