Actor | The Promise | The Reality |
---|---|---|
Financial Executives | Brilliant Risk Management | Catastrophic Losses |
Eliot Spitzer | Mr. Clean, Financial Reformer | Celebrity Prosecutions, Real Abuses Untouched, and Not So Clean |
CONGRESS: Sarbanes-Oxley | Financial Responsibility | Large Costs, No Apparent Benefits |
Basel Capital Standards | International Coordination, Sound Banks | Worldwide Banking Collapse |
Fannie, Freddie | Stable Mortgage Credit | Fed the Boom, Stuck Taxpayers with the Bust |
TARP | Unclog the Financial System | Zombie Banks |
Big Fiscal Stimulus | Put the Economy on a Better Path | Wait and See |
Originally from the pit at Tradesports(TM) (RIP 2008) ... on trading, risk, economics, politics, policy, sports, culture, entertainment, and whatever else might increase awareness, interest and liquidity of prediction markets
Thursday, January 15, 2009
Arnold's quick reference to players in the financial sector
here:
Labels:
bias,
regulatory burdens,
unintended consequences
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment