Comments on: Counterparties: How’s financial reform coming along?

By: MrRFox

MrRFox — Fri, 04 May 2012 06:06:36 +0000

The first two and last two paragraphs of David Einhorn’s longish piece on HuffPo make the whole thing worth reading. We have mindless, zombie witchdoctors making policy everywhere in the world.

By: MrRFox

MrRFox — Fri, 04 May 2012 05:55:14 +0000

The link in the last line of the intro text didn’t work for me – here’s another to the matter of counterparty risk exposure limits –

http://www.ft.com/intl/cms/s/0/6a789456- 871d-11e1-865d-00144feab49a.html#axzz1ts STbgHR

By: dedalus

dedalus — Fri, 04 May 2012 03:14:46 +0000

How can the Fed hope to regulate/shrink the shadow-banking system AND prevent further decline in asset prices?

“Sir, the FRB’s preaching about the dangers of the shadow-banking system is like a dog’s walking on his hind legs. It is not done well; but you are surprised to find it done at all.”

By: aypeegee

aypeegee — Thu, 03 May 2012 22:34:17 +0000

First summary under Wonks is misleading. Rather:

“Krugman explains why he attacked Bush’s deficits, but supports deficits now”

Fixed that for you. It no longer implies that Krugman currently supports Bush’s anything, much less his tax cuts.