Recommending Readings for #FinReg Observers

My position on financial regulation has dramatically changed in the past 2 years since I began following the TARP bailout debates. I think we need smarter regulation and in particular, a systemic risk regulator with tools and resources to prevent Too Big To Fail and future taxpayer bailouts from happening again. I have spend many hours watching CSPAN hearings, searching in the Congressional Record for historic references to “derivatives,” working on the Crashopedia web site...
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Why This Entrepreneur is Having a Sleepless Night

Dear World. I bet if I were to ask everyone who knows me – including my family and all my entrepreneurial friends – to guess why I’m having a sleepless night – that no one would be right. Some of my friends might speculate that I’m having a “platform epiphany” like I did 3 years ago in May when Mark Zuckerberg announced Facebook Platform and I couldn’t sleep until I blogged extensively about the Facebook...
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What is wrong with US capitalism? Las Vegas-style gambling in the banking sector has outstripped the Silicon Valley tech sector.

John Doerr famously said that the internet was the “largest legal creation of wealth in the history of the planet.” But that creation of wealth is dwarfed by the similarly legal creation of wealth we see through the unregulated trading of derivatives. Bloomberg reported this morning on Wall Street’s lobbying effort to keep over-the-counter derivatives market, including credit default swaps, legal and unregulated. Five US Commercial banks — including JP Morgan Chase, Goldman Sachs, and...
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Who Do You Know That Knows A Member of Congress?

I belong to a small non-partisan group called Americans Against Exotic Derivatives (AAXED). Our primary goal is to educate our elected representatives in Washington, D.C., about the conditions that led to the global financial melt-down. Our first project is to get a copy of a very important book in the hands of all 535 members of Congress. The book “Infectious Greed” published by Frank Partnoy in 2003 documents all the major derivatives-related financial crises since...
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