Summit Notebook

from Global Investing:

BRIC: Brilliant/Ridiculous Investment Concept

December 7, 2011

BRIC is Brazil, Russia, India, China -- the acronym coined by Goldman Sachs banker Jim O'Neill 10 years back to describe the world's biggest, fastest-growing and most important emerging markets.  But according to Albert Edwards, Societe Generale's uber-bearish strategist, it also stands for Bloody Ridiculous Investment Concept. Some investors, licking their wounds due to BRIC markets' underperformance in 2011 and 2010, might be inclined to agree -- stocks in all four countries have performed worse this year than the broader emerging markets equity index, to say nothing of developed world equities.

from Ask...:

Will Greece be the first euro-zone country to restructure its debt?

June 6, 2011

The latest deal for Greece, including a new policy package and possible financing, does not contemplate the restructuring of its debt, but financial markets keep speculating on the possibility it may be the first of the euro-zone countries to reschedule its public debt. Who do you think may follow?

CFTC’s Gary Gensler just one of the “Little Monsters”

By Reuters Staff
March 2, 2011

Christopher Doering found there is more to the CFTC chairman than markets.

MUSIC-GRAMMYS/When he’s not scaring Wall Street and big banks to make sure they follow the rules, there’s a chance the head of the U.S. Commodity Futures Trading Commission is moonlighting as a “Little Monster.”

Unlikely alliance: Congressman Barney Frank and the Tea Party

March 2, 2011

At first glance it would appear that Congressman Barney Frank and lawmakers backed by the Tea Party movement would have little in common — one is a liberal Democrat, the others are conservative Republicans.

Bank regulator Walsh has pragmatic philosophy on financial crisis repeat

March 1, 2011

John Walsh has spent many years in Washington — having worked at the Senate Banking Committee, the Treasury Department, and now as  acting Comptroller of the Currency — and has a bit of perspective on government reaction to crises over the years.

from Blogs Dashboard:

When is a threat not a threat?

By Reuters Staff
March 1, 2011

By Kirstin Ridley

British bankers are not threatening to head for the Swiss hills. But that doesn’t mean they won’t pack their bags. So says Angela Knight, the head of the British Bankers Association.
Knight told the Reuters Future Face of Finance Summit that if British-based banks such as HSBC, Barclays and Standard Chartered consider whether to keep headquarters in London – given the banker bashing, punitive taxation and pay restrictions imposed here -- that is merely a fact.

Senator Reed sees need for speed to chase bad guys

By Reuters Staff
March 1, 2011

Ann Saphir takes a look at Senator Jack Reed’s comments on cars and trading.

So how plugged in is the SEC chair? (technologically speaking)

March 1, 2011

Securities and Exchange Commission Chairman Mary Schapiro says her agency has its work cut out to compete with the massive amounts of money that private firms, policed by the SEC, pour into the latest technology.

Hensarling proud of fiscal conservative creds, embraces Tea Party allies

February 28, 2011

It is clear that House Financial Services Committee Vice Chairman Jeb Hensarling is proud of his credentials as a fiscal conservative.

U.S. Treasury’s Wolin on tying debt limit to fiscal discipline debate: Don’t

February 28, 2011

Deputy Treasury Secretary Neal Wolin is urging lawmakers not to tie the U.S. debt limit to the debate on fiscal discipline.