Category:
Financial Market Regulator This category includes articles that refer to a government body responsible for supervision and regulation of one or more financial markets, covering such areas as securities markets, banking, insurance, or the registry of corporations. [Capital Market Taxonomy]
Financial Reform
By John Schroy, on July 17th, 2010 |

Unfortunately, instead of a ‘game-changing’ confidence-inspiring reform, the Obama administration presented the United States with the Dodd-Frank Act — a legislative miscarriage that has the potential to hold back recovery and impair the position of New York as a world financial center for decades — unless repealed or drastically amended.
State finance:
By John Schroy, on July 6th, 2009 |

On July 2, 2009, the Federal Reserve announced that it was aware that the State of California was issuing its own currency to pay its bills.
This, of course, is consistent with the lack of fiscal discipline which is the hall mark of far left Californian politicians, of which Nancy Pelosi is a prime example.
California has experience with nut-case economics, having been the home of the famous Emperor Norton who issued his own currency to pay his bills in the mid-19th century.
Good and bad banks
By John Schroy, on May 8th, 2009 |

In May 2009, the Obama administration divided some of America’s largest banks into ‘good banks’ and ‘bad banks’.
This broke a long-standing practice of protecting the reputation of the US banking system. The Obama government seized TARP funds as an instrument of political power.
Banks, large and small, are now eager to escape the trap of taking TARP funds, which will require them to raise $74.6 billion, either by selling equities on the market, or from profits.
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