Finally: SEC Frets about Share Buybacks, “Torrent of Corporate Trading Dominating the Market” and “Short-Term Financial Engineering”
Mirabile dictu, a Republican SEC commissioner criticizes stock buybacks….
Read more...Category Archives: Regulations and regulators
OCC Covering Up for Wells Fargo Type Abuses at Other Banks
The OCC found lots of bad bank conduct in retail-land, but refuses to say anything about who is cheating and what they are up to.
Read more...More Brexit Insanity: Corbyn Proposes Dead-on-Arrival, Misbranded “Soft” Brexit; Auto Part Makers to Take Huge Hit; Irish Border Groundhog Daze
Brexit madness is only getting worse….
Read more...Jim Chanos on Fraud: “Cryptocurrency Is a Security Speculation Game Masquerading as a Technological Breakthrough”
The legendary short seller Jim Chanos in a wide-ranging discussion of financial frauds, starting with cryptocurrencies: Bitcoin is the last thing he’d want to own in the event of a catastrophe.
Read more...China Rx: How the US Depends on China for Its Drugs
Why does China need a military? It could bring the US to its knees in months by withholding shipments of drugs and drug ingredients.
Read more...Trump Regulators and California on Collision Course on Rolling Back Fuel Efficiency Standards
Trump regulators and California are on a collision course over efforts to roll back the previous administration’s fuel efficiency standards, due to come into effect in 2021.
Read more...Wolf Richter: Deutsche Bank CoCo Bonds Plunge, Shares Hit Record Low, after US Entity Makes FDIC’s “Problem Bank List”
Double whammy regularity revelations wallop Deutsche bonds and shares, raising the old question: When will she buckle?
Read more...Unsafe At Any Speed Redux, Self-Driving Cars, and Legal Liability
Senators seek information on testing protocols for self-driving cars; mandatory arbitration for further lawsuits involving such vehicles looms as a threat.
Read more...Meet the Economist Behind the One Percent’s Stealth Takeover of America
Nobel laureate James Buchanan is the intellectual lynchpin of the Koch-funded attack on democratic institutions, argues Duke historian Nancy MacLean.
Read more...Brexit Becoming More Unpopular as Yet More Warts, Like VAT Administration, Come Into Focus
The latest Brexit updates aren’t very cheery.
Read more...Do Fewer Settlements by Pharmaceutical Companies Mean Even Less Accountability for Their Execs?
Drug company settlements with the Feds, which never were very tough to begin with, are also becoming less frequent.
Read more...Planet or Plastic
Planet or Plastic: more than individual solutions will be necessary to solve the problem. This is not a left/right issue.
Read more...Payday Lending Rule Survives…For Now
Congress has failed to use Congressional Review Act procedures to scupper the payday lending rule. Pending CFPB and court challenges may still doom the measure.
Read more...Bill Black: Trump Admin Halts Investigation of For-Profit Colleges
Bill Black discusses Education Secretary Betsy DeVos’s decision to stop investigating for-profit colleges and educational institutions for fraudulent practices.
Read more...California Hospital Giant Sutter Health Target of Anti-Trust Suit, Legislation for High Prices. Will It Set a National Precedent?
Will California officials succeed in curbing aggressive pricing by hospital network Sutter Health? Could these efforts set a precedent for other markets?
Read more...