Tag Archives: regulation

If We Act Now, We Can Stop The FCC’s Horrific Proposal to End Net Neutrality

If We Act Now, We Can Stop The FCC’s Horrific Proposal to End Net Neutrality
If we act NOW, we can ensure a free, open and equal Internet for the 21stCentury. On Wednesday, May 15 the FCC will vote on a proposal to end net neutrality and impose class-based Internet discrimination, but we have the power to stop them. To ensure the Internet we want, we must take action today; and people need to plan to come to Washington, DC beginning next Wednesday to join in a series of escalating protests that will undermine the ... Read more

The Schizophrenic State

The Schizophrenic State
The real Eliot Ness wasn’t nearly as cool as De Palma made him out to be in The Untouchables. But no matter, Neil Barofsky was still pretty chuffed when Treasury officials likened him to the Prohibition agent. Barofsky felt like Ness during his twenty-seven months in the DC swamp, where “bullshit, ego, politics, turf, and credit” ruled the day, and only he and his SIGTARP (Special Inspector General of the Troubled Asset Relief Program) team ... Read more

Changing traders and tech won’t stop currency rigging

Changing traders and tech won’t stop currency rigging
Authorities in New York have announced they are launching an investigation into the manipulation of the world’s biggest financial market – the US$5.3 trillion a day traded in currencies. New York regulators join authorities elsewhere in the US as well as in the UK, Switzerland and Germany. Martin Wheatley, the UK’s chief financial regulator, has declared the scandal is likely to be “as bad as Libor”. If these allegations are proved to be ... Read more

Death Derivatives: Wall Street’s Latest Ill-Advised Maneuver

May 24, 2011 Death Derivatives: Wall Street’s Latest Ill-Advised Maneuver By Keith Fitz-Gerald, Chief Investment Strategist Money Morning, May 24, 2011 I just spotted the next global “black swan.” But I think it actually looks like a giant Pteranodon. I’m talking about so-called “death derivatives.” The Lowdown on “Death Derivatives” After betting trillions on everything from liar loans to ... Read more