Tag Archives: regulation

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, ... 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. ... Read more