Don't get pranked tomorrow. Remember, it's April Fool's Day. Here are the latest Weekend Reads as selected by Sam Forgione.
from Reuters Investigates:
A Reuters exclusive today describes a method China used recently to hide some of its U.S. Treasury purchases - "US caught China buying more Treasuries than disclosed."
from Christopher Whalen:
By Christopher Whalen
The opinions expressed are his own.
"A spectre is haunting Europe — the spectre of communism. All the powers of old Europe have entered into a holy alliance to exorcise this spectre: Pope and Tsar, Metternich and Guizot, French Radicals and German police-spies."
from The Great Debate:
The following is a guest post by Joshua Spivak, a research fellow at the Hugh L. Carey Center for Government Reform at Wagner College and a lawyer. The opinions expressed are his own.
Trying to draw some direct implications between the country’s economic doldrums and the Obama administration, House Minority Leader John Boehner called for the firing of the administration’s economic team, including Treasury Secretary Timothy Geithner.
By Rob Cox and Richard Beales
Timothy Geithner can't put his money where his mouth is. The U.S. Treasury secretary, who is joining fellow G20 finance ministers this weekend in Busan, South Korea, has lately been urging other countries to conduct bank stress tests. But his credibility falls short in at least one important respect: future tests are absent from America's financial reforms.
Michel Barnier wants Europe to be better prepared for the next financial crisis. But the EU's financial market chief's plan for bank taxes seems to miss the point. Timothy Geithner's push for EU-wide stress tests raises questions of its own. But at least the U.S. Treasury Secretary has identified the core problem facing Europe's financial sector.
from Funds Hub:
News and views on the fund industry from Reuters and elsewhere:
Greece set for U-turn on hedge fund policy - Telegraph
Managers buoyed by first-quarter credit market surge - MarketWatch
from Financial Regulatory Forum:
WASHINGTON, March 22 (Reuters) - Treasury Secretary Timothy Geithner is expected to lay out the Obama administration's broad vision for restructuring mortgage finance giants Fannie Mae and Freddie Mac on Tuesday in congressional testimony.