May 17 (Bloomberg Law) — Last week JP Morgan Chase acknowledged a trading loss of at least billion, fueling calls by some observers for more regulation of financial institutions. Chris Whalen, a Senior Managing Director at Tangent Capital Partner, tells Bloomberg Law’s Lee Pacchia that it was actually too much regulation that led to the loss. Jeff Madrick, a Senior Fellow at the Roosevelt Institute, maintains instead that regulators need to clamp down on financial institutions if the dangers of such losses are to be minimized.
Professor James Barth was an appointee of Presidents Ronald Reagan and George HW Bush as chief economist of the Office of Thrift Supervision and previously the Federal Home Loan Bank Board. He is now the Lowder Eminent Scholar in Finance at Auburn University and a Senior Fellow at the Milken Institute. In this interview, Cenk and Dr. Barth discuss how shortcomings of financial regulators contributed to the 2008 financial crisis, and what to expect in the future given the current state of affairs. Dr. Barth also offers a unique prescription rooted in the ideas of James Madison. Find out more about James Barth here: www.business.auburn.edu and about the Milken Institute at their home page: www.milkeninstitute.org
www.FT.com What happens if Greece exits the euro? As the possibility increases following the country’s recent election and a vote against austerity, FT leader writer Peggy Hollinger and capital markets editor Richard Milne discuss the implications with FT analysis editor Frederick Studemann. For more video content from the FT, visit the Financial Times video section at: www.ft.com
to.pbs.org What metaphor best sums up the financial crisis? Outtakes from “Money, Power and Wall St.” Part of our mission in our four-hour series on the global financial crisis, “Money, Power and Wall Street,” was to try to make difficult economic problems easier to understand. But sometimes easier is not always better. Watch some hilarious outtakes from the series.
Complete video at: fora.tv Van Jones, acclaimed author and President of Rebuild the Dream, and Eliot Spitzer, former Governor of New York, discuss the actors who triggered the 2008 financial collapse and the ramifications of the regulatory failure on middle class America. —- Culture Project’s acclaimed town hall series, is a bold hybrid of journalism, theatre and film that brings together leading experts in politics, journalism, academia, and social activism along with visionary artists, to create high-voltage, multimedia conversations designed to educate, entertain and mobilize citizens for vigorous engagement in restoring accountability into our civic society. Accountability is critical to democracy. At a time when grave challenges threaten American democracy, Culture Project presents “Blueprint for Accountability,” a series that asks “How can we empower ourselves to hold our leaders–in government, education and corporate institutions–accountable for the events of the past and the conditions of the future?”
www.StockMarketFunding.com Financial Crisis 2012 Worse than 2008, European Banking System on the Verge of Collapse. The scenario will likely fully play out in 2013 and we will see what central banks world wide to do postpone the selling and get the cash off the side lines to pump markets….
www.FT.com The UK government’s much-vaunted credit easing scheme, which is designed to boost demand for credit resulting in cheaper loans for SMEs, is being questioned by several big UK banks. Daniel Garrahan finds out why and what small business thinks. For more video content from the FT, visit the Financial Times video section at: www.ft.com
President Obama discusses the importance of protecting American consumers by making sure that banks, mortgage companies, loan providers, and other financial services providers play by the rules. January 6, 2012.
