The larger political and economic costs of the crisis in Greece and Europe are only starting to come to light.
Friday, July 24, 2015
CalSTRS Doubles Down in Private Equity Carry Fee Reporting Scandal
Memo to CalSTRS: When you are in a hole, stop digging.
Don Quijones: The Mother of All Storms Builds Over Catalonia’s Independence
What first appeared as reduced tensions between Madrid and Spain’s north-eastern province was merely the calm before the mother of all storms.
Reducing Risk-Taking by Regulating Bonuses: EU vs US Dodd-Frank
Bankers whinge about how much tougher their lives are in the post-crisis world. That is no small degree to central banks’ efforts to prop them up having caught up with their bottom lines
2:00PM Water Cooler 7/23/15
Today’s Water Cooler: Both parties fundraise at Akin, Gump leading indicators and national activity, Sandra Bland, fact-checking, Dr. Seuss
Mario Draghi: The ECB Has No Mandate To Ensure Checks Clear Or Credit Cards Work
By Nathan Tankus, a writer from New York City. Follow him on Twitter at @NathanTankus Last week Mario Draghi held a press conference following the decision to raise ELA a paltry 900 million dollars for Greek banks. In that press conference he said many things but I’d like to focus on one passage that has gotten […]
State Officials Try to Hide Their Private Equity Oversight Failures by Asking the SEC to Exceed Its Authority
Nothing like elected officials using letter-writing to a weak agency and asking it to exceed its powers to hide the fact that they aren’t willing to do their jobs. And this shirking of duties is particularly grating since these officials, most important of all John Chiang, the State Treasurer of California, Thomas DiNapoli, the New York State Comptroller, and Scott Stringer, the New York City Comptroller, are powerfully positioned to propose legislation to solve the problem they are trying to fob off on the SEC.
Calling All Swedish and Sweden-Connected Readers
A Swedish bleg.
IRS Cracks Down on Private Equity Management Fee Waiver Tax Abuse
The IRS has finally decided to crack down on an not-well-known but flagrant private equity tax abuse, management fee waivers. State and local tax officials enabled this practice, which lowers Federal tax receipts and thus hasthe effect of shifting the tax burden off the 0.1% of private equity kingpins to small fry like you and me.
Once Again on the IT Challenges in Converting to the Drachma
Why the left is not doing itself, or the Greek people, any favors by minimizing the difficulties in converting to the drachma.
Gaius Publius: Goldman Sachs – Masters of the Eurozone
Goldman Sachs wields more power in the Eurozone than you think. And it’s not hard to guess who benefits.
2:00PM Water Cooler 7/22/15
Today’s Water Cooler: Trump to tour the border, Chinese volatility, “esoteric instruments,” “liquid alts,” Sandra Bland, corruption (lots).
Dan Davies: Greek Banks Were Bigger Beneficiaries of the 2010 Bailout Than French and German Banks
Even though French and German banks benefitted from the 2010 Greek bailout, Greek banks did even more so.
