December Senate commentary
From Riski
See main commentary page at Senate draft commentary.
December 31
- Tenengauzer Says Countries to Set More Capital Controls Bloomberg
- Greece in talks on extending debt repayment - paper Reuters
- Basel III Capital and Liquidity Framework Sullivan and Cromwell
- Debt Capital Markets Review for Full Year of 2010 Reuters
- Municipal Securities Transaction Fees Set To Rise In 2011 Dow Jones
- California, New York City Issue Less as States Lift Borrowing: Muni Credit Bloomberg
- Who’s Visiting Treasury About Dodd-Frank New York Times DealB%%k
- Pimco Settles Class-Action Suit for $92 Million New York Times DealB%%k
- Bank of America hit with setback in MBIA Insurance mortgage liability lawsuit Washington Post
- Goldman Sachs Prospers at Taxpayers' Expense American Thinker
December 30
- Governor Zhou Xiaochuan Gave a Keynote Speech on “Steadily Promoting Market-based Interest Rate Reform” at the Caijing Annual Meeting People's Bank of China
- Blanchard Sees Continued Two-Speed Recovery in 2011 IMF Direct
- Currency Composition of Official Foreign Exchange Reserves (COFER) IMF
- Liquidity rules to squeeze smaller banks Financial Times
- NAMAbonds WTF? Corner Turned
- UK court case shines light on toxic derivatives Reuters
- To err is human: rating agencies and the interwar foreign government debt crisis BIS
- Dollar share of world reserves slips, total rises Reuters
- "There's a Huge Difference Between What is Good for American Companies Versus What is Good for the American Economy" Washington's Blog
- Dodd Frank Update Chart The Swap Report
- Video: Bloomberg's North Says Dodd-Frank Creates 122 New Panels Bloomberg
- Basel II Capital Proposal Published in Federal Register – Comments Due Feb. 28 ABA Tracker
- Comments on SEC’s Security-Based Swap Clearing Proposal Due Feb. 14 ABA Tracker
- 2011 to be a Defining Moment for Swap Execution Facilities Wall Street and Tech
- Goldman Sachs, Citigroup Were on Dudley's Agenda in First Days Bloomberg
- A View Into New York Fed Chief’s Days New York Times DealB%%k
- Why Does Brian Sack Interact With Goldman's "FX Committee"? ZeroHedge
- SEC Falls Short on Rulemaking Agenda Dodd-Frank.com
- In Defense of the Dodd-Frank Resolution Authority, Part 2: The Actual Defense Economics of Contempt
- Major League Banks Need a Farm System New York Times
- U.S. Seeks Chief For Financial Consumer Agency Wall Street Journal
- Municipalities issued record $429 billion in 2010 Reuters
- Bachus, Hensarling, & McCaskill Voice Concern Over Interchange Proposal ABA Tracker
- SEC won't reveal info on how it decides what info to reveal Investment News
December 29
- A Year in Retrospect: Basel III ValuationRisk.net
- Dodging Repatriation Tax Lets U.S. Companies Bring Home Cash Bloomberg
- Underneath the Happy Talk, Is This As Bad as the Great Depression? Washington's Blog
- Dodd-Frank: Moving From Theory To Practice FuturesMag.com
- S&P Withdraws Bank of America Short-Term Counterparty Rating At Firm's Request ZeroHedge
- Mortgage Modifications in U.S. Decline as Eligible Pool Shrinks Bloomberg
- OCC and OTS Report Shows Mortgage Performance Steady in Third Quarter of 2010, Includes New State-Level Data OCC
- Privatize Fannie and Freddie? Maybe Later. Slate
- New York Reviewing Fraud Claims by Bond Insurers Wall Street Journal
- Companies Exempt From Derivatives Rules May Yet Get Hit New York Times DealB%%k
- `More Stringent' Ownership, Governance Rules for Swaps Called for by U.S. Bloomberg
- Justice warns on Wall Street trading cartel Fortune
- Justice Department seeks tougher CFTC and SEC swaps rules Reuters
- The Muni CDS Sitdown CNBC
- BlackRock Seeks To Become The Same Monopolistic Trade Internalizer For Stocks, As Goldman Is For Derivatives ZeroHedge
- Monetary Policy and Stock Market Booms Federal Reserve Bank of Atlanta
- New Consumer Agency Is Frightfully Necessary -- And Late Huffington Post
December 28
- Sweden Shows Central Bankers How to Fight Next Asset Bubble Bloomberg
- Bankers face 'scorecard’ test to justify bumper bonuses The Telegraph
- Labor Department Makes Changes to Employment Report Wall Street Journal
- Neugebauer wants regulators to freeze work on Dodd-Frank The Hill
- Out of Lehman's Ashes Wall Street Gets Most of What It Wants Bloomberg
- In Defense of the Dodd-Frank Resolution Authority, Part 1 Economics of Contempt
- CFTC anti-manipulation regulations must be clear: trade groups Reuters
- How Allstate Used Sampling To Confirm BofA/Countrywide Lied About Virtually Everything In Selling Mortgages ZeroHedge
December 27
- Consultative Document - Pillar 3 disclosure requirements for remuneration Basel Committee on Banking Supervision
- Bank Pay Should Be More Transparent, Basel Group Says Bloomberg
- Gaming The Bank Regulation System: A Primer CNBC
- 20 January 2011: The European Systemic Risk Board (ESRB) Asymptotix
- Stimulus Worked IMF
- Fed bond buys unlikely to top $600 billion: economists Marketwatch
- Fed fund boosted healthy banks Financial Times
- QE2 Combines With Eisenhower Yields in 1% Returns for Treasuries Bloomberg
- A Fed-Induced Speculative Blowoff Hussman Funds
- CFTC Proposes Registration Rules for Swap Dealers and Major Swap Participants and Their Principals K&L Gates
- Investors Attempting to Dump Bonds Push Bid Index Near Record: Muni Credit Bloomberg
- The First 10 Major Cities That Will Run Out Of Pension Fund Money Economic Policy Journal
- States Begin Slow Recovery as Revenues Increase The Fiscal Times
- The Year in Wall Street Investigations Pro Publica
- Where Things Stand: Foreclosure Paperwork Scandal Pro Publica
- Achieving Financial Integrity: Contrasting Paper and XBRL XBRL Business Information Exchange
- The Year in Wall Street Investigations Pro Publica
December 26
- How to Derail Financial Reform New York Times
- New Voters May Sway Fed Actions New York Times
- Unofficial Problem Bank list at 919 Institutions Calculated Risk
- Consumer-Backed Bond Sales to Diminish After Fed Ends TALF: Credit Markets Bloomberg
December 25
- The global crisis and financial intermediation in emerging market economies BIS
- Macroeconomic Effects of Public Pension Reforms IMF
- EU Updated Investor Presentation European Union
- Banks and WikiLeaks New York Times
- Charting 2010, Part 0: The Biggest Winners And Losers From The "New Normal", And The 6 Main Strange Attractors ZeroHedge
- Charting 2010, Part 1: The Key Jobs Chart(s) Of 2010 ZeroHedge
- A Mortgage Nightmare’s Happy Ending New York Times
December 24
- How the Government Is Creating Another Housing Bubble Harvard Law School Forum
December 23
- Coordinated Direct Investment Survey IMF
- Trichet's Exit Looms as Crisis Keeps ECB Rate at 1% Bloomberg
- Europe’s Financial Alchemy - Luigi Zingales Project Syndicate
- CRD3 Changes to Trading Book, Re-securitisations and Securitisations Disclosure Morrison and Foerster
- Nobel Laureate Diamond Fails to Win Senate Approval for Fed Seat Bloomberg
- Why The Fed Is Extending Its Central Bank Dollar Swap Lines ZeroHedge
- 'Tis the season to watch for carry trading FT Alphaville
- Bernanke: Moody's plan could trigger run on money funds Investment News
- Statement From Chairman Schapiro on Appointment of FASB Chairman SEC
- Is Any Other Audit Firm Vulnerable Besides Ernst & Young? Forbes
- Senior Supervisors Group Issues Report on Risk Appetite Frameworks and IT Infrastructure SEC
- FHFA Regs Address GSEs; Comments Sought on FHL Bank Membership Bank Digest
- Incoming Chair of House Oversight Subcommittee Might Introduce Legislation Delaying Dodd-Frank Regulations CCH Federal Securities Law Reporter
- SEC Extends Ban on Unfair Practices to Cover Municipal Finance Advisers Bloomberg
- ICE Trust pulls credit default swap application Reuters
- Regulators Scramble Ahead of WikiLeaks Financial Disclosures Huffington Post
- Whitewash On Wall Street: How Henry Paulson Created The Financial Crisis That Brought Down The World Daily Bail
December 22
- Regulating capital flows to emerging markets: Design and implementation issues VoxEU.org
- Euro zone addicted to 'financial heroin,' BMO warns Globe and Mail
- Buiter Warns of New Wave of Europe Bank Failures, Telegraph Says Bloomberg
- Bloomberg Sues ECB to Force Disclosure of How Greece's Swaps Hid Deficit Bloomberg
- The Story of Income and Outlays EconomPic Data
- Tax Cutters Set Up Tomorrow's Fiscal Crisis: Simon Johnson Bloomberg
- Plosser Says Fed May Need to Slow Purchases of Bonds Bloomberg
- Key Republican Calls for Delay on Bank Reform Rules CNBC.com
- The ‘Subsidy’: How Merrill Lynch Traders Helped Blow Up Their Own Firm Pro Publica
- Senate inaction kills Diamond nomination to Fed board Reuters
- Senate fails to confirm Fannie and Freddie regulator Reuters
- New York Fed Revises Rules for Board of Directors Federal Reserve Bank of New York
- How the Fed let small banks take on too much debt, then fail McClatchy
- House Democrats Push For New Foreclosure Regulations Huffington Post
- FDIC Report Reviews Role of Trust Preferred Securities FDIC
- Business Conduct Standards for Swap Dealers and Major Swap Participants With Counterparties CFTC
- CFTC Proposes Rules to Implement Conflict of Interest Requirements of Swap Dealers and Major Swap Participants Under Section 731 K&L Gates
- Regulators Look to Ease Entry in Derivatives Clearing Wall Street Journal
- Refuting The Housing Recovery Fallacy Courtesy Of... The Fed? ZeroHedge
- Bank of America Loses Bid to Stop MBIA Using Statistics in Fraud Lawsuit Bloomberg
- SEC Seeks Input for Credit Rating Standardization Study SEC Today
- Default and bankruptcy in the municipal bond market (part two) Self-Evident
- Pained Muni Investors Cry Uncle Wall Street Journal
- Analysts Eye Market Access Risk Bond Buyer
- Meredith Whitney Overreaches in Muni Default Call: Joe Mysak Bloomberg
- The Case Against Ernst & Young: NY AG Cuomo Sues Over Lehman re: The Auditors
- Best of 2010: Accounting CFO.com
December 21
- Fixing finance: Few easy answers OECD
- Banks Best Basel as Regulators Dilute Capital Rules Bloomberg
- EU's Rehn vows to contain debt "forest fire" Reuters
- EU to Sell as Many as Eight Bonds for Ireland in 2011 Bloomberg
- Prolongation of US dollar liquidity-providing operations European Central Bank
- Fed extends USD swaps with major central banks Reuters
- Recommendations for supervisory colleges of financial conglomerates CEBS and CEIOPS
- Basel address Clearinghouse risks for banks ValRisk
- Anglo Irish indigestion, off-balance sheet FT Alphaville
- Government liabilities rose $2 trillion in FY 2010: Treasury Reuters
- FDIC Quarterly FDIC
- Can vigilant creditors limit excess bank risk-taking? Marginal Revolution
- CFTC Proposes to Register and Regulate Swap Dealers and Participants Harvard Law School Forum
- SEC and CFTC Propose Rules on Reporting and Dissemination of Swap and Security-Based Swap Information K&L Gates
- CFTC Names "Flash Crash" Expert as Chief Economist Reuters
- House Agri Committee Hires Derivs Pro DerivAlert.org
- MiFID Review - Standardisation and Organised Platform Trading of OTC Derivatives CESR
- Publication of the Euro Money Market Study 2010 ECB
- The End of Interchange Bank Simple
- Incoming Chair of Subcommittee Wants to Reform GSEs & Create US Covered Bond Market CCH Federal Securities Law Reporter
- Federal Reserve Blocks New Foreclosure Regulations Huffington Post
- Foreclosures in Most U.S. States Bypass Judges, Easing Way for Evictions Bloomberg
- PCAOB Warns Auditors to Scrutinize Mortgage Risk Compliance Week
- Housing Pick Faces Opposition Wall Street Journal
- Open Letter to US Regulators Regarding National Loan Servicing Standards R.C. Whalen
- Muni Default Risk Greater on Unessential Projects, Fitch Says Bloomberg
- Fitch: Essentiality, Affordability & Feasibility Key in Uncovering Gov't Bond Projects' Risk Business Wire
- Scholars for hire Reuters
- Special Report: Inside AIG's tortuous turnaround Reuters
- Killing Financial Reform by Defunding the Regulators OpenCongress.com
- Cuomo Sues Ernst & Young Over `Major’ Lehman Fraud Bloomberg
- Cuomo’s coruscating complaint FT Alphaville
December 20
- Capitalisation of bank exposures to central counterparties - Consultative Document Basel Committee on Banking Supervision
- Basel liquidity rules, going neo-medieval FT Alphaville
- European Central Bank Concerned Over Irish Bail-Out Asymptotix.com
- An Irish bank collateral conundrum, ECB edition FT Alphaville
- Eight bond markets a-sellin’ FT Alphaville
- Pimco says 'untenable' policies will lead to eurozone break-up The Telegraph
- Fed's Bullard: Bond buying 'modestly successful' Reuters
- POMO #2 Closes: Stocks Jump As Fed Is Nickels Away From Breaking $1 Trillion In Treasury Holdings ZeroHedge
- The Tax-Payers' Tab: a Cool $9 Trillion and Then Some Counterpunch
- New York Fed To Raise SOMA Limit From 35% To 70% Per CUSIP ZeroHedge
- Analysis: Wall Street to regulators: No need to rush Reuters
- Hedge funds may skirt direct Fed scrutiny: source Reuters
- Nasdaq Working Quietly to Curb Bank Control of Clearinghouses Bloomberg
- CFTC Swap Plan Will Save Billions in Bank Revenue, Moody’s Says Bloomberg
- Budget Cuts May Reduce U.S. GDP, Goldman Sachs Says Bloomberg
- Banks Look to Profit on Muni-Bond Fears Wall Street Journal
- Finra Chief Vows Vigilance on High-Frequency Trading Wall Street Journal
- Auditors Face Fraud Charge Wall Street Journal
- BAB Rush A Boon to Taxables Bond Buyer
- SEC Proposes New Rule for Muni Advisers and Advisory Firms Bond Buyer
- Proposed Rule - Registration of Municipal Advisors SEC
- The clawback of executive remuneration where financial statements are materially misstated - Discussion Paper Australian Treasury
- Why Do CFOs Become Involved in Material Accounting Manipulations? Harvard Law School Forum
- Why Big Oil is Fighting a New Disclosure Proposal From the SEC BNet
- Checkmate | BofA, GMAC, Chase, Wells, Citi, Onewest Face N.J. Foreclosure Freeze ZeroHedge
- In Obama Anti-Foreclosure Program, Thousands Of Homeowners Strung Along For A Year Huffington Post
- Prospect of WikiLeaks Dump Poses Problems for Regulators New York Times
- Is Regulation Really for Sale? Project Syndicate
December 19
- Understanding and Forecasting the Credit Cycle—Why the Mainstream Paradigm in Economics & Finance Collapsed Richard A. Werner
- More on the Lunacy of the Basel Accords London Banker
- Congressman Paul says Fed transparency is his goal Reuters
- Finance: A sparser future Financial Times
- Greed Is Not Good Jesse's Cafe Amercain
- An inconvenient housing sector Reuters
- Derivatives clearing creates new battleground Financial Times
- A Roundup: The FCIC Republicans and an Intellectually Fraudulent Take on the Financial Crisis Finance Guy
- State Budgets: Day of Reckoning 60 Minutes
- Part 1: Thanks to Tarrant County, risky deals for projects statewide gain financing Star-Telegram
December 18
- Weathering the Global Storm: The Benefits of Monetary Policy Reform IMF
- Assessing macroeconomic impact of transition to stronger capital & liquidity requirements Financial Stability Board & Basel Committee
- What the Fed Can Do as "Lender of Last Resort" Pacific Free Press
- Two States Sue Bank of America Over Mortgages New York Times
- Opening the Bag of Mortgage Tricks New York Times
- Q&A: Talking Munis With the SEC Wall Street Journal
- US insider trading probe casts shadow over 2011 Reuters
December 17
- Australian Implementation of Global Liquidity Standards Reserve Bank of Australia
- EU Sets Post-2013 Crisis Tool, Weighs Shorter-Term Flexibility Bloomberg
- EU agrees to longer bond maturities, haircuts-draft Reuters
- Mervyn King: "Systemic Insolvency Is Now The Problem" Credit Writedowns
- EU Summit Final Joint Press Conference 17 December 2010 Asymptotix
- Euro Defaults Need to Be Carried Out Quickly: Elena Carletti Bloomberg
- Ireland faces big risks to pay back loan - IMF Reuters
- Gros Says Irish Austerity Resistance May Worsen Crisis Bloomberg
- FSA publishes revised Remuneration Code FSA
- Moody's Downgrade Brings Irish Debt One Step Closer To Haircut iMarketNews.com
- The rise in Fed funds futures rates FT Alphaville
- This Is What You Actually Owe To The National Debt Business Insider
- The First Stage of Inflation Has Already Hit, Next Up Is the Currency Collapse ZeroHedge
- Fixed Income Is Next on the Transparency Hit List Institutional Investor
- Rising Car Sales Fuel Auto ABS Market Wall Street Journal
- Swiped - The Fed enters the skirmish over debit card fees Slate
- Lawmakers Reject Legal Aid Money for Troubled Borrowers Wall Street Journal
- SEC sends more subpoenas in mortgage probe: sources Reuters
- Two states sue Bank of America on mortgage servicing Reuters
- Build America Bonds to See ‘Reincarnation’, Mica Says Bloomberg
- Ex-JPMorgan Banker Says Minnesota Broker Helped Him Rig Bids Bloomberg
- Hedge fund cases point to a maze of alleged insider trading Los Angeles Times
- Wall Street Whitewash New York Times
- Explaining the Crisis With Dogma New York Times
- FCIC Delays Report Despite Republican Opposition, Citing 'Very Powerful Interests' Seeking To Undermine Investigations Huffington Post
- Commentary: The Role of SWAPs In The Financial Panic of 2008 Trader's Magazine
- FASB Finalizes New Guidance on Goodwill Impairment Testing Compliance Week
- SEC Requests Public Comment on Standardizing Credit Ratings Terminology SEC
December 16
- IMF Board of Governors Approves Major Quota and Governance Reforms IMF
- China’s Debt Rating Raised by Standard & Poor’s Bloomberg
- European Systemic Risk Board established European Central Bank
- Irish government receives power to restructure banks BobsGuide
- ECB increases its capital ECB
- The credit rating agencies are leading an assault on nations and peoples The Guardian
- Basel III rules text and results of the quantitative impact study issued by the Basel Committee BIS
- Basel Capital Rules Would Have Cost Banks $797 Billion Bloomberg
- Basel regulators give some countries extra leeway Reuters
- Debt Factoids - CBO ZeroHedge
- Ron Paul Appears Poised to Irk the Fed Chief New York Times
- Wallace Turbeville Explains it All on Clearinghouse Governance New Deal 2.0
- CFTC Posts Factsheet and Q&A for SEF Meeting DerivAlert.org
- U.S. Commodity Regulator Delays Speculation Caps Plan Bloomberg
- House Republicans Push Regulators to Clarify Swaps End-User Rule Bloomberg
- CFTC tries to force swap trading into the light International Business Times
- U.S. May Phase In Curbs on Speculative Trading Wall Street Journal
- Fed Chairman Might be Mulling Municipal Bond Purchases The Heartland Institute
- US Municipal Issuance Survey 2011 SIFMA
- CoreLogic index shows U.S. home prices declined in October for third consecutive month Federal Reserve Bank of Atlanta
- Mortgage-Bond Math Means Everyone Is a Winner: Jonathan Weil Bloomberg
- Survey Finds Banks Still Foreclose on Homeowners Seeking Loan Mods Pro Publica
- Dividends Make a Difference US Department of the Treasury
- Fed to Release Rules on Debit Card Transactions New York Times
- Fed Issues Price-Control Proposal on Debit-Card Interchange Fees ABA Dodd-Frank Tracker
- Fed Proposes Amendments to TILA Exemptions ABA Dodd-Frank Tracker
December 15
- ECB’s two excellent games to understand monetary policy and inflation Mostly Economics
- European Stability Bank - Take 2 - Asymptotix Analysis Ahead Of The EU Summit Tomorrow Asymptotix
- Buiter: ‘European sovereign debt kerfuffle’ FT Alphaville
- Irish opposition warns on senior bank debt Reuters
- King of the WikiLeaks – and global bailouts FT Alphaville
- EU watchdog placed at the heart of credit rating agency supervision European Parliament
- Agencies Seek Comment on Market Risk and Basel II Advanced Approaches Office of the Comptroller of the Currency
- Leverage, Moral Hazard, and Liquidity Harvard Law School Forum
- Senate Passes Tax Bill With No BABs, Few Bond Provisions Bond Buyer
- Treasury Department Announces Senior Leadership Hires for CFPB Implementation Team US Treasury
- Bank Lobbyists Plead to Delay Derivatives, FDIC Fee Rules Center for Public Integrity
- FDIC Announces Jim Wigand as the Director of The New Office of Complex Financial Institutions FDIC
- FDIC Board Approves Proposal to Set Risk-Based Capital Floor for Large Financial Institutions ABA Dodd-Frank Tracker
- Broader expertise needed to beef up internal audit Accountancy Age
- U.K. Rejects Europe's Audit Market Proposals Compliance Week
- New Interactive Data “XBRL” Filing Requirements for Mutual Funds K&L Gates
- Financial Crisis Primer Republican Commissioners - Financial Crisis Inquiry Commission
- Bachus Statement Responding to FCIC Republican Commissioners’ Primer Republicans Financial Services Committee
- Financial Crisis Panel In Turmoil As Republicans Defect; Plan To Blame Government For Crisis Huffington Post
- FCIC-ya later FT Alphaville
- Harrisburg Enters Pennsylvania's Act 47 Program Bond Buyer
- BofA To Extend Discussions With Pimco, New York Fed, Seeking Settlement Over $47 Billion In Putback Claims ZeroHedge
- Federal Reserve's New Tactics Cloud Foreigners' Holdings Bond Buyer
- The Impending CFTC SEF Proposal: What you need to know and why Kevin on the Street
- SEC Proposes Security-Based Swap Rules From Dodd-Frank Bloomberg
- End-User Exception to Mandatory Clearing of Security-Based Swaps SEC
- Process for Submissions for Review of Security-Based Swaps for Mandatory Clearing and Notice Filing Requirements for Clearing Agencies SEC
December 14
- Trichet Calls for ‘Maximum’ Flexibility of Region’s Rescue Fund Bloomberg
- The ECB’s technical insolvency FT Alphaville
- Germany open to ECB capital rise to fight crisis Reuters
- Ireland to Force Loss-Sharing on Junior Debt Holders Bloomberg
- Debt for Equity for Subordinated bondholders Corner Turned
- Credit institutions (stabilisation) bill 2010 Government of Ireland
- Spanish debt watch, exploding yield edition FT Alphaville
- European Race To The Insolvency Bottom Round Two: Contestants - Spain, Portugal And Belgium ZeroHedge
- SIFMA Roundtable of Economists Sees Continued Growth Pace, But Regulatory Uncertainties Remain for 2010, 2011 SIFMA
- APRA chairman John Laker wants bank reforms to protect depositors The Australian
- Government launches consultation on Simple Financial Products Her Majesty's Treasury
- CEBS Guidelines on Remuneration Policies and Practices Under CRD III K&L Gates
- Bernanke Policy Options May Be Limited Amid Republican Scrutiny Bloomberg
- The insiders-only world of the Federal Reserve Remapping Debate
- Audit the Fed in 2011 Congressman Ron Paul, 14th District of Texas
- Timmeh Geithner to House of Representatives: F*#k Off And Die Empty Wheel - Fire Dog Lake
- New York Fed Derivatives Reformer Lubke Joins Goldman Sachs Bloomberg
- Bank Breakup Is Only Way to Fix Pay Conspiracy: Matthew Lynn Bloomberg
- US regulators back proposal on capital standards Reuters
- Regulators carve into bank profits and trading bets Reuters
- Sen. Warner Drafting Legislation Mandating Regulatory Pay as You Go CCH Federal Securities Law Reporter
- The OECD Review of Better Regulation in the UK OECD
- CFTC Chief Feels Need for Speed Wall Street Journal
- Tom Miller: 'We Will Put People In Jail' For Foreclosure Fraud Huffington Post
- U.S. Foreclosure Prevention Falling Short, Watchdog Panel Finds Bloomberg
- Oversight Panel Slams Loan Modification Program, But Highlights An Opportunity Pro Publica
- HAMP is falling short of expectations Marketplace
- Obama's Foreclosure Program Will Reach Less Than One Quarter Of Administration's Target Huffington Post
- PCAOB Proposes Rules for Broker-Dealer Audits Accounting Today
- Consumer Agency's Warren Said To Hire Ohio Attorney General Bloomberg
December 13
- BIS Quarterly Review December 2010 International banking and financial market developments BIS
- The Truth About Sovereign Defaults and Bank Capital The London Banker
- JPMorgan cuts back on US silver futures Financial Times
- Easter Egg Out Of The BIS: US Banks Are On The Hook To The PIIGS By Over $350 Billion ZeroHedge
- BIS > stress tests FT Alphaville
- Germany's Govt: Oppose Idea Of EFSF Buying Up EMU Govt Bonds iMarketNews.com
- EU Will Discuss Crisis Mechanism as ECB Grapples With Banks Bloomberg
- Curnutt Says Europe Debt Crisis to Repeat, May Be Worse Bloomberg
- Opening Statement to Senate Economics References Committee Inquiry into Competition in the Australian Banking Sector RBA
- Why are investors turning against US government debt? BBC
- Fed vs Obama: Tax deal drives up rates Reuters
- Fed’s Contrarian Has a Wary Eye on the Past New York Times
- US warned on currency crisis Financial Times
- Who's Lying? ZeroHedge
- Wall Street Sees Record Revenue in ’09-10 Recovery From Bailout Bloomberg
- Nation’s biggest banks benefit most from Fed program Sunlight Foundation
- ‘Shadow’ Lenders’ Emergency Fed Loans Benefited Biggest Banks Bloomberg
- Are all Credit Default Swap Databases Equal? National Bureau of Economic Research
- Over-the-counter market eyes revolutionary road ahead eFinancialNews.com
- New Derivatives Rules Could be “Disastrous,” Say Energy Companies New York Times
- CFTC Proposes Regulations for Duties of Swap Dealers and Major Swap Participants K&L Gates
- Do Investors See Through Mistakes in Reported Earnings? Harvard Law School Forum
- US muni market braced for end of subsidy Financial Times
- CBO Recommendation to Munis – Default! ZeroHedge
December 12
- A Primer on Sovereign Debt Buybacks and Swaps Alea
- Competitive and Sustainable Banking System Australian Government
- Information about the Government Protected Deposits symbol The Treasury, Australian Government
- A Competitive And Sustainable Banking System Australian Labor
- Swan unveils new banking reforms Australian Business News
- Myners calls for break-up of big banks Financial Times
- When does macropru trump micropru? Deus Ex Macchiato
- Credit-Swap Market Shrinks 50% From 2007 Peak After `Tear-Ups,' BIS Says Bloomberg
- Counterparty Risk and Contract Volumes in the Credit Default Swap Market Alea
- Comment on lack of transparency in the OTC derivatives market Interfluidity
- Secret Banking Derivative Cabal Redux, And Why HFT In CDS Has So Far Been A Failure ZeroHedge
- The Fed: Time For Transparency and Accountability Credit Writedowns
- Default and bankruptcy in the municipal bond market (part one) Self-Evident
- New SEC Whistleblower Rules Fall Short Harvard Law School Forum
- Housing Shaky as Lenders Tighten Wall Street Journal
- The Nerve to Say No New York Times
- Goldman teams up with NYSE Euronext in trading venture Financial Times
December 11
- EU leaders to agree on law change for euro stability Reuters
- Australia Introduces Plan to Increase Competition Within Banking Industry Bloomberg
- The Economy Cannot Recover Until the Big Banks Are Broken Up Washington's Blog
- A Secretive Banking Elite Rules Trading in Derivatives New York Times
- CFTC Commissioner Chilton Reveals "One Trader" Controls 40% Of Silver Market, As Holdings Of SLV Hit All Time Record ZeroHedge
- Uneasiness in Muni-Land Barron's
- State, municipal associations rally against pension transparency proposal Watchdog.org
- Illinois Seeks Wall Street Cash Wall Street Journal
- Ratings by Moody’s, Fitch, S&P Ruled to Be Protected Speech Bloomberg
December 10
- Consultative Doc: Sound Practices for Management & Supervision of Operational Risk Basel Committee on Banking Supervision
- Why issue bonds offshore? BIS
- Constancio Urges ‘Flexibility’ on Use of European Bailout Fund Bloomberg
- Review of implementation of systems and controls requirements in liquidity regime FSA
- Sound practices for backtesting counterparty credit risk models - final document Basel Committee on Banking Supervision
- Bachus Welcomes New Members To Financial Services Committee Financial Services Committee Republicans
- Rep. Ron Paul Says He Won’t Push for End to Fed ‘Up Front’ Bloomberg
- Ron Paul Says He Doubts Bernanke Can Prevent Inflation Outbreak Bloomberg
- Neel Kashkari Exercises In Rhetorical Hypocrisy: Asks If Government Can Handle Fall Out Of His Actions ZeroHedge
- Hendry: There Are No Policy Remedies for Debt Deflation Credit Writedowns
- Housing agencies clash over mortgage-relief program Washington Post
- Fink Builds BlackRock Powerhouse Without Goldman Sachs Backlash Bloomberg
- Goldman’s uneasy subprime short FT Alphaville
- Derivatives Regulatory Update Calendar Reed Smith
- Johnson Praises FHFA Director Nomination Bank Digest
- Elizabeth Warren on her role and the future goals of the Consumer Financial Protection Bureau Marketplace
- California Pensions May Face $200B Hole Bond Buyer
- CalPERS hit with setback in credit-rating suit Bloomberg
- Wall Street to Systemic Risk Overseers: Collect Existing Data First Securities Technology Monitor
December 9
- Europe’s Inevitable Haircut Project Syndicate
- The last idealists The Economist
- Working the night-shift in the German austerity sweatshop EUObserver.com
- Top banks to sound out tech vendors on new FX dealing platform - WSJ Finextra
- S&P reluctantly sees $1,000bn two-tiered CoCo market FT Alphaville
- Big Investment Banks Hit ‘Hardest’ by Basel III Rules, ECB Says Bloomberg
- Charts du jour, the next phases of Dodd-Frank FT Alphaville
- Bachus Announces Financial Services Leadership Team, Subcommittee Jurisdictions for 112th Congress Comm of Financial Services
- Washington Rule Makers Out of the Shadows New York Times
- Revised Fed Data Raises Doubt on Foreign Appetite for Build America Bonds New York Times
- More Than Half of Americans Want Fed Reined In or Abolished Bloomberg
- Central Bank Independence: A major victim of the 2007 crisis STCI
- Look Out Ben Bernanke, Ron Paul is Gunning For You! The Atlantic
- Barney Frank And The Fed Bailout Fallacy Campaign for America's Future
- Fed's Success or Failure Is in the Eye of the Investor Wall Street Journal
- Markets Defy Fed's Bond-Buying Push Wall Street Journal
- AIG Strikes Deal to Retire Fed Credit Line, Wind Down Bailout Bloomberg
- U.S. Home Values to Drop by $1.7 Trillion This Year, Zillow Says Bloomberg
- Treasury Blocks Legal Aid for Homeowners Facing Foreclosure The Nation
- Regulators Close to Gaining New Funding for Dodd-Frank Efforts Bloomberg
- Factbox: CFTC drafts SEF, end-user exemption rules Reuters
- CFTC Weighs Swap Trading Systems Open to All Market Participants Bloomberg
- Conflicted CFTC outlines exemptions to swap rules Reuters
- CFTC May Divide Speculative Trading Curb Plan Into 2 Parts NASDAQ
- US swap trading reforms face obstacle Financial Times
- Trade groups urge slower pace on derivatives Washington Post
- Goldman CDS trading activities under fire Financial Times
- New SEC Enforcement Unit Focuses on Funds and Advisers K&L Gates
- SEC may ask B-Ds to watch algorithmic trading Investment News
- Wall Street Quietly Creates a New Way to Profit From Homeowner Distress Center for Public Integrity
- Strategic Default on First and Second Lien Mortgages During the Financial Crisis Federal Reserve Bank of Philadelphia
- Fitch sees 10% drop in home prices in 2011, negative outlook for MBS Housing Wire
- Wall Street Pushing ‘Cockamamie’ Deals, New York’s Ravitch Says Bloomberg
- Municipal Debt Held by U.S. Households Shows First Decline in Two Years Bloomberg
- Banks May Face ‘Pay-to-Play’ Ban in Muni-Swaps Market Bloomberg
- Citigroup Adds Hedge-Fund Service Amid Scrutiny, Regulation Bloomberg
- Ex-White House Budget Director Joins Citigroup New York Times
- SEC Proposes Regs To Implement Whistleblower Provisions Hogan Lovells
December 8
- Statistics on payment and settlement systems in the CPSS countries - Figures for 2009 BIS
- Supervisory Lessons from the Global Financial Crisis John Laker, Chairman, Australian Prudential Regulation Authority
- Paper Tiger, Hidden Trichet FT Alphaville
- Europe's Debt Solution: More Borrowing Planet Money
- Banks in Europe Fail Stress Tests With No Authority Bloomberg
- Banking: Big gaps to fill in Financial Times
- Rub-a-dub-dub in a $21bn treasuries tub FT Alphaville
- Republican Bachus wins finance role Financial Times
- Bachus Named Chairman of Financial Services Committee Committee on Financial Services Republicans
- BREAKING: Ron Paul To Chair House Sub-Committee On Domestic Monetary Policy The Daily Bail
- Issa selected leader of House Committee on Oversight and Government Village News
- Stock Orders That Are Canceled Should Spur Penalties, ICI Says Bloomberg
- Global Equity Poll Reuters
- Mortgage Rates Go Parabolic ZeroHedge
- Mortgage Applications in U.S. Fall as Refinancing Declines Bloomberg
- Threats of supply pressure in US muni market Financial Times
- When $137 Million Changes Nothing There’s Trouble: Joe Mysak Bloomberg
- MSRB to Study Pre-Transaction Pricing Bond Buyer
- FINRA Foundation Releases Nation's First State-by-State Financial Capability Survey FINRA
- Federal Reserve Study Shows More Than Three-Quarters of Noncash Payments Are Now Electronic Federal Reserve System
- CFTC’S Chilton Urges Position Limits, High-Frequency Trade Curbs Bloomberg
- Statement of Gary Gensler, Chairman, CFTC Senate Committee on Banking
- Senator Carl Levin on Examining the Efficiency, Stability, and Integrity of the U.S. Capital Markets Senate Committee on Banking
- CFTC Proposes Anti-Manipulation Rules for Swaps, Futures, and Commodity Contracts K&L Gates
- Get your free HFT Lobbying Letter Right Here! Themis Trading
- Andrew Ross Sorkin: Fraud Triggered the Financial Crisis Columbia Journalism Review
- Where Are the Financial Crisis Prosecutions? New York Times
- Department of Justice “Crackdown” On Wall Street Is Just a P.R. Stunt Targeting Small-Time Crooks Washington’s Blog
- Modesti, PCAOB Director of Enforcement and Investigations, Calls For More Transparency re: The Auditors
December 7
- Bank assets as a percentage of gdp Marginal Revolution
- Ireland Must End ‘Trust-Me’ Banking System: Laurence Kotlikoff Bloomberg
- Rosenberg On Why Fighting The Fed In Real Terms Has Been Very Successful ZeroHedge
- Bankruptcy Is Not an Option New York Times
- Regulators push for ‘strict’ prop definition Financial Times
- Mirabile Dictu: The Treasury Flexes Some Muscle on the Volcker Rule? Naked Capitalism
- CDS Probe Shows Trading Curb Unnecessary, Hedge Fund Group Says Bloomberg
- The Inefficiency of Clearing Mandates (Craig Pirrong) Credit Writedowns
- Proposed Rule: Further Definition of “Swap Dealer,”“Security-Based Swap Dealer,”“Major Swap Participant”... SEC and CFTC
- Protecting Customer Margin for Cleared and Uncleared Swaps Ropes & Grey
- MSRB To Study Pretrade Pricing: SEC’s Walter Bond Buyer
- SEC Charges Banc of America Securities With Fraud re Municipal Securities SEC
- SEC delays plans to create new departments Investment News
- BABs expiration: still on schedule FT Alphaville
- Differentiating between policy and debt crises self-evident
- Faros Special Report On The Severe Consequences Of The "Build America Bond" Program Expiration ZeroHedge
- Madoff Investor Shapiro to Pay $625 Million; Mets Owners Sued Bloomberg
December 6
- Alternatives to Austerity - Joseph E. Stiglitz Project Syndicate
- Merkel rebuffs IMF call to raise euro zone fund Reuters
- European bonds: For and against BBC
- Can E-bonds save Europe? Financial Post
- Eurozone Needs Certainty, Not E-Bonds, ESM Or QE Asymptotix.com
- Going for broke with bank guarantees FT Alphaville
- EU Says CDS Trades Didn’t Raise Euro Yields, Dagblad Reports Bloomberg
- LCH/Repoclear Lowers Margin Requirement On Irish Bonds From 45% to 30% ZeroHedge
- Senator Sanders Asks Fed for More Bailout Details Bloomberg
- Bernanke says Fed might spend more Politco
- Is Ben Bernanke driving the QEII or the Titanic? Reuters
- Everybody hates the Fed CNNMoney.com
- Does Bernanke Look Like a Man Who is Confident About the State of the Economy and the Prospects for Recovery? ZeroHedge
- Do the QE opponents have ANY good arguments? The Money Illusion
- G.E. and JPMorgan Got Lots of Fed Help in '08 New York Times
- Banks That Failed Despite the Fed’s Cash New York Times
- The omnipresent – not omniscient – Ben Bernanke FT Alphaville
- Bernanke and the real costs of QE2 FT Alphaville
- Barclays' Joseph Abate Laments The Disclosure Of The Fed's Commercial Paper Facility Rescue Details ZeroHedge
- TABB Group Estimates a Near-Term $240B Collateral Requirement as Interest Rate Swaps Move to Central Clearing Finanz Nachrichten
- CFTC to Issue Rules for Swap Execution Facilities DerivAlert.org
- Comment letter to CFTC TradeWeb
- Derivatives-Trading Tally: $700 Trillion (or So) Wall Street Journal
- Possible Misunderstandings about Municipalities and their Bonds Credit Writedowns
- Schapiro Predicts at Least Four Years to Adopt IFRS Compliance Week
December 5
- E-bonds would end the crisis Financial Times
- Europe’s leaders at odds over bond plan Financial Times
- A hopeless Europe, unable to cope Financial Times
- A Frightening Look At The Labor Market Recovery (CHART) Huffington Post
- Bernanke’s QE3 faces stiff resistance The Telegraph
- Chattier Bernanke tries to keep Fed on message Reuters
- BofA says it has fulfilled condition of Tarp exit Financial Times
- Pension Woes Prompt GOP Move Wall Street Journal
December 4
- Reynders Says Bailout Fund May be Boosted in Break With Merkel Bloomberg
- EU rescue fund should be increased - Belgian finmin Reuters
- JP Morgan revealed as mystery trader that bought £1bn-worth of copper on LME The Telegraph
- What Jamie Dimon Won’t Tell You: His Big Bank Would Be Dangerously Leveraged Baseline Scenerio
- So That’s Where the Money Went New York Times
- Mounting State Debts Stoke Fears of a Looming Crisis New York Times
- Stern's foreclosure mistake leads two to buy same house Sun-Sentinel
December 3
- Banking crises & international monetary system in the Great Depression & now BIS
- Governments not off hook, warns Trichet Financial Times
- What Size is the Fire Exit? Project Syndicate
- Greek ‘End Game’ Veers to Debt Restructuring Risk: Euro Credit Bloomberg
- EU body will be able to fine credit-ratings agencies EuropeanVoice.com
- Why Do We Have a Central Bank? Wall Street Journal
- Fed’s Delay on Transcripts Will Be Reviewed by Issa Bloomberg
- CBS Says Bernanke Doesn’t Rule Out QE Exceeding $600 Billion Bloomberg
- An Anxious Fed Took Citi Subprime Debt as Collateral New York Times
- Timeline shadow bailout FT Alphaville
- FSOC Begins the Process of Designating Systemically Important Financial Market Utilities Dechert
- Jamie Dimon: Becoming Too Big To Save – Creating Fiscal Disaster Baseline Scenerio
- JPMorgan, Ratings Firms Must Face Mortgage-Bonds Suits Bloomberg
- SEC Weighs Dodd-Frank Definitions of Swap Dealers, Participants Bloomberg
- Why You Should Kiss Your $1-Per-Share Money Market Fund Goodbye Moneywatch.com
- Budget Forces SEC to Shelve Whistleblower Office, For Now Compliance Week
- Launching the Rage Gauge Financial Services Club Blog
- JPMorgan, Deutsche Bank Battle for Rich as Capital Rules Change Bloomberg
- Cross Section of Rich Invested With the Fed New York Times
- Future of popular Build America Bonds program in doubt Stateline
- Build America Extension Added to Senate Tax-Cut Bill Bloomberg
December 2
- EU to extend modified bank bailout framework into 2011 BobsGuide
- The Euro at Mid-Crisis Project Syndicate
- EU plans to curb off-exchange markets Financial Times
- Wall Street owes its survival to the Fed Financial Times
- Fed May Be ‘Central Bank of the World’ After UBS, Barclays Aid Bloomberg
- Fed Withholds Collateral Data, Denying Taxpayers Gauge of Risk Bloomberg
- Foreign Firms Received Funds Wall Street Journal
- How The Bailouts Hurt Small Banks and Benefited Big Finance RortyBomb
- Eisenbeis Interview on Fed Disclosures Bloomberg
- The Fed’s Full Disclosure: Don’t Forget About Government GAAP Francine McKenna - ACCOUNTING WATCHDOG
- Federal Reserve Balance Sheet Update: Week Of December 1: The Ponzi Must Go On ZeroHedge
- U.S. Representative Ron Paul Interview Bloomberg
- CFTC Gets Definitive on Swaps Wall Street Journal
- Muni Backers Will Fight For Tax-Exempt Interest Bond Buyer
- Ex-UBS Muni Manager Arrested, Arraigned in Justice Probe Bond Buyer
- Are Accountants The Weakest Link In Unraveling The Fraudclosure Scandal? ZeroHedge
- Banks' legal right to foreclose is questioned in testimony before House panel Washington Post
- Banks in Talks to End Bond Probe Wall Street Journal
- When Borrowers Default on Second Homes New York Times
- Elizabeth Warren Recruits Dodd-Frank Enforcers From 50 States Bloomberg
- New Consumer Agency Won’t Survive If It Focuses Only On Making Rules Center for Public Integrity
- Traders warn U.S. CFTC about vague bans on practices Reuters
- U.S. to decide on exemptions for FX swaps by July Reuters
- Questions Over Plan to Boost Lending Wall Street Journal
December 1
- Triennial Central Bank Survey - Report on global foreign exchange market activity in 2010 Bank for International Settlements
- Basel Regulators Approve Bank Liquidity, Capital Rules Bloomberg
- Into the Great Unknown: Stress Testing with Weak Data IMF
- Global financial markets rise amid bail-out rumours BBC
- Bank exposure: The Eurozone risk Financial Times
- Trichet has set the euro hares racing The Guardian
- Barry Eichengreen on the Irish bailout The Irish Economy
- Fed to Name Recipients of $3.3 Trillion in Aid During Crisis Bloomberg
- Usage of Federal Reserve Credit and Liquidity Facilities Federal Reserve
- Fed Emergency Lending spreadsheets Wall Street Journal
- Fed Lifts Veil of Secrecy Senator Bernard Sanders
- The Fed's "WikiLeaks" moment The Economist
- Your guide to the Fed’s $3.3 trillion data dump FT Alphaville
- Meet The 35 Foreign Banks That Got Bailed Out By The Fed ZeroHedge
- Observations In Progress On The Fed Data Dump ZeroHedge
- Bernanke and Geithner Fight Back Bloomberg
- Not-so-TAF-tastic FT Alphaville
- Federal Reserve's 'astounding' report: We loaned banks trillions Christian Science Monitor
- Goldman Sachs Emergency Fed Loans Topped $24 Billion in Crisis Bloomberg
- Fed liquidity in 2008 – everyone was doin’ it FT Alphaville
- Fund Firms, Hedge Funds Borrowed $71.1 Billion Wall Street Journal
- ECB, Goldman, GE Sought Help From the Fed Wall Street Journal
- Fed Opens Books, Revealing European Megabanks Were Biggest Beneficiaries Huffington Post
- Wall Street Pledged $1.3T In Junk As Collateral For Fed's Overnight Loans Huffington Post
- Matt Stoller: End This Fed Naked Capital
- Too Big to Succeed New York Times
- TARP on the instalment plan The Economist
- US Bond Auction Statistics Chi Bond King
- Tarullo testifies putbacks could surpass robo-signing mortgage controversy Housing Wire
- BofA Drags Balance Sheet Confidence Backward: Jonathan Weil Bloomberg
- November Boosted By BABs The Bond Buyer
- CFTC Refers Forged Letters to Justice Department Bloomberg
