Corruption of FDA Clinical Trials Reports: The Problem and a Proposed Remedy
Big Pharma lies via medical publications, and the FDA shuts its eyes to this ruse in clinical trials. Time to put it to a stop.
Read more...Category Archives: Regulations and regulators
Chaos Theory, Shocks, and Fragility, Australia and Elsewhere
Australia and other countries had the opportunity to reduce financial fragility. They may soon discover the cost of doing too little.
Read more...Curbing Monopolies Promotes Growth, Lowers Inequality
More aggressive anti-trust enforcement, not surprisingly, would spur growth and help the poor.
Read more...HR 5424, “Investment Advisers Modernization Act,” a “Get Out of Madoff and Other Frauds for Free” Bill, Passes Financial Services Committee
HR 5424, intended to make life even easier for potential securities law abusers, got considerable support from Democrats on the Financial Services Committee.
Read more...Unequal Gains: American Growth and Inequality Since 1700
American history suggests that inequality is not driven by some fundamental law of capitalist development, but rather by episodic shifts in five basic forces: demography, education policy, trade competition, financial regulation policy, and labour-saving technological change.
Read more...Facing Up to the World’s Health Crises….and the TPP Would Make Matters Worse
The TPP threatens to undermine public health just as the world is on the verge of major health crises.
Read more...Elizabeth Warren Slams SEC’s Mary Jo White for Putting “Information Overload” Project Ahead of Dodd Frank Rulemaking
Elizabeth Warren and Mary Jo White cross swords again…but how effective can Warren be after she hitches her star to Clinton?
Read more...Global Money: A Work in Progress
Bagehot outlined some of the requirements for global money. Are we closer to a solution?
Read more...Why a Leave Vote May Not Result in a Brexit
The ruling classes in the UK will be highly motivated to try to get the Brexit genie back in the bottle.
Read more...Mortgage Document Fabrication is Alive and Well…
Sadly, mortgage servicers are still very much in the document fabrication and forgery business.
Read more...New Zealand: Kea Street Cred and US$1Bn Promise Lures Kiwi to Front Very Peculiar Financial Service Providers
Another duo of wildly offbeat New Zealand Financial Services Providers
Read more...Cyber Risk as Systemic Risk
The threat to the financial system posed by cyber risk is often claimed to be systemic. This column argues against this, pointing out that almost all cyber risk is microprudential. For a cyber attack to lead to a systemic crisis, it would need to be timed impeccably to coincide with other non-cyber events that undermine confidence in the financial system and the authorities. The only actors with enough resources to affect such an event are large sovereign states, and they could likely create the required uncertainty through simpler, financial means.
Read more...Hensarling’s “Market Regulation” Replacement to Dodd Frank Proves He Does Not Understand Banking
Yves here. Steve Waldman wrote a definitive post in 2009, Capital can’t be measured, on a core issue that Black discusses here. A key section: So, for large complex financials, capital cannot be measured precisely enough to distinguish conservatively solvent from insolvent banks, and capital positions are always optimistically padded. Given these facts, and I […]
Read more...Transparency International Reports on Massive Corruption in the Pharmaceutical Sector – Media Hardly Notices
Health care corruption is pervasive, yet remains a taboo topic.
Read more...Can Philosophy Stop Bankers From Stealing?
How can bankers be persuaded or coerced into behaving better?
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