JPMorgan’s Loser Trade Shows Importance of Volcker Rule

By: Sunday May 13, 2012 10:40 am

The Whale Trade fail shows that all banks are poised on the brink of disaster. When it happens, the government will pay, not the banks. So why shouldn’t Jamie Dimon’s operation try to make money betting with credit default swaps with someone else’s money?

 

SEC Thinks Arithmetic Is Hard When Reporting CEO Pay

By: Monday April 9, 2012 3:30 pm

In an article on the staggering compensation of CEOs of giant US companies, the New York Times notes arithmetic is too hard for the SEC. The Dodd-Frank bill requires corporations to state the ratio of CEO pay to the median income of employees of the company, but firms tell the SEC that calculation is too hard. Here’s how you do it.

Who Will Police Captured Agencies?

By: Sunday March 25, 2012 10:30 am

How do we police a captured agency if courts have to take their word for everything?

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