Category: Shadow Banking

Three Billboards, The Fed, Fiduciary Duty and Trustees

It’s Oscar night and Three Billboards Outside Ebbing, Missouri is one of the favorites of nine films nominated for Best Picture.  Three Billboards grossed about $123 Million, not too many folks including perhaps some Academy members have even seen the film which pundits say helps explain the complacency and continued drop in Oscar ratings due […]

The SPORT of kings, Dumb Ass Partner – why horse racing fans should be bank regulators

According to the NY Times, “a 36th year went by without another Triple Crown champion, and California Chrome joined 12 other horses who could not get to the finish line first in the Belmont Stakes. Greatness is not prophesied. It is earned here on the racetrack, and feel-good stories are not moved to the front […]

SEC CSE 10th Anniversary

The SEC commissioners conducted a brief 55 minute hearing on April 28, 2004 that set the stage for the global financial crisis (GFC) which began to unfold in early 2007 and reached full boil in September 2008. As far as I’m aware, only five companies applied for SEC permission to become CSE’s (Consolidated Supervised Entities).  […]