We’ve commented in a couple of recent posts (January 14 and January 23) on how credit card companies’ success in price gouging, ahem, extracting revenue from their customers had gone so far as to run the risk of regulatory pushback. We are seeing some initial shots across the industry’s bow. Today, MarketWatch published this story […]
Read more...In a January 17 speech, Federal Reserve governor Frederic Mishkin reiterated the Fed’s view, that its job does not extend to intervening in possible bubbles. By contrast, Ian MacFarlane, who recently retired as head of Australia’s Reserve Bank, and successfully intervened in that country’s housing bubble, feels that the current policy framework does not recognize […]
Read more...What’s amazing isn’t that Gerson Lehrman is under scrutiny, but that it has taken so long to happen. From today’s Wall Street Journal: In recent weeks, the New York Attorney General’s office has begun examining whether employees of companies including Best Buy Co. may have inappropriately discussed material nonpublic information in consulting arrangements like these […]
Read more...