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?”
Complete video at: fora.tv Calling out weaknesses to money market funds and underlying structural problems with equity markets, SEC Chairman Mary Schapiro laid out her main concerns about global financial markets at a breakfast sponsored by The Christian Science Monitor in Washington, DC —– On Wednesday, February 22, Mary Schapiro, Chairman of the SEC, joined the Monitor Breakfast for a conversation with reporters. Mary L. Schapiro is the 29th chairman of the US Securities and Exchange Commission (SEC). She is the immediate past chairman and CEO of the Financial Industry Regulatory Authority (FINRA), the securities industry self-regulatory organization for broker-dealers and exchanges in the United States, and served in various roles as a financial services regulator in the administrations of Bill Clinton, George HW Bush, and Ronald Reagan. She is the first woman to chair the SEC. In 2009, Forbes ranked her the 56th most powerful woman in the world.
www.DemocracyNow.org – Democracy Now! broadcasts on the road from Kansas City, Missouri, today. Amy Goodman interviews William Black, a white-collar criminologist, former financial regulator, and author of “The Best Way to Rob a Bank is to Own One.” Black teaches economics and law at the University of Missouri-Kansas City and recently took part in Occupy Kansas City. “If you look [at the Occupy protests] not just nationwide, but worldwide, you will see some pretty consistent themes developing,” Black says. “That includes, we have to deal with the systemically dangerous institutions, the 20 biggest banks that the administration says are ticking time bombs. As soon as one of them fails, we go back into a global crisis. We should fix that, there’s no reason have institutions that large. Accountability is also a theme, that we should put these felons in prison … And that we should get jobs now and that we should deal with foreclosure crisis. … Those are four common themes you can see in these protests… I think over time you’ll not necessarily have some grand written agenda, but you will have increasing consensus, a broad consensus.” For the complete transcript, podcast, and for additional Democracy Now! reports on the Occupy Wall Street movement, visit www.democracynow.org FOLLOW DEMOCRACY NOW! ONLINE Facebook: www.facebook.com Twitter: @democracynow Subscribe on YouTube: www.youtube.com Daily Email News Digest: www.democracynow.org Please consider supporting …
Earlier today US President Barack Obama signed a bill that is the most comprehensive financial law to be enacted since the Great Depression. The law, which got final approval from the Senate last week, targets the kind of Wall Street risk-taking that helped trigger a global financial meltdown in 2007-2009. Gerald Celente says that this is only going to harm and will not do enough to change Wall Street.
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Financial Markets (ECON 252) Regulation of financial and securities markets is intended to protect investors while still enabling them to make personal investment decisions. Psychological phenomena, such as magical thinking, overconfidence, and representativeness heuristic can cause deviations from rational behavior and distort financial decision-making. However, regulation and regulatory bodies, such as the SEC, FDIC, and SIPC, most of which were created just after the Great Depression, are intended to help prevent the manipulation of investors’ psychological foibles and maintain trust in the markets so that a broad spectrum of investors will continue to participate. Complete course materials are available at the Open Yale Courses website: open.yale.edu This course was recorded in Spring 2008.
May 17 (Bloomberg) — Matthew Bishop, New York business editor for The Economist and author of “The Road from Ruin: How to Revive Capitalism and Put America Back on Top,” talks with Bloomberg’s Matt Miller and Carol Massar about financial regulation in the US Bishop also discusses Europe’s financial crisis and the outlook for the euro, and the US economy. (Source: Bloomberg)
May 13 (Bloomberg) — William Ackman, founder and chief executive officer of Pershing Square Capital Management LP, talks with Bloomberg’s Deirdre Bolton about the outlook for financial regulatory overhaul and credit-rating companies. (This is an excerpt of the full interview. Source: Bloomberg)
Financial Markets (ECON 252) Professor Shiller provides a description of the course, Financial Markets, including administrative details and the topics to be discussed in each lecture. He briefly discusses the importance of studying finance and each key topic. Lecture topics will include: behavioral finance, financial technology, financial instruments, commercial banking, investment banking, financial markets and institutions, real estate, regulation, monetary policy, and democratization of finance. Complete course materials are available at the Open Yale Courses website: open.yale.edu This course was recorded in Spring 2008.