An Open Letter to Congress on Financial Reform

Tags: + + + + + +

Dear Members of Congress,
You are undertaking the task of studying the current financial crisis with the objectives of strengthening regulation of the US financial system to encourage capital formation and to increase efficiency and order.  Reportedly, first up is gathering facts and information to understand what happened in the

Regulatory Protection and Public Trust. Time for Change?

Tags: + + + + +

US Financial companies (banks and brokers) continue to take write-offs for bad and risky loans. Exacerbating the credit crisis is the new, illiquidity of Auction Rate Securities (ARS)– fixed income securities issued by companies, municipalities, schools and hospitals with long term maturities that have variable interest rates that are typically reset every 7 - 35 days. Now […]

Powered by WordPress. Entries (RSS) and Comments (RSS).
©2008 SeriousBull. All Rights Reserved.