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  • Wall Street Breakfast: Must-Know News [View article]
    Not much comment here on the proposed new regulatory scheme, which seems generally to be "doable" domestically. It is apparent, that the US approach must integrate with global approaches - pan-European agencies; Swiss rules; understandings about international subsidiaries of US global players; etc. The Obama administration presentation and the Congressional hearings seem to imply that we are still acting in a "non-global" mindset - perhaps because it is one step at a time, and the public isn't ready to deal with giving up sovereignty.
    Jun 19 14:24 pm |Rating: 0 -2 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    A good day for Rachel; a bad day for the readers.
    May 05 14:32 pm |Rating: 0 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The good news for the bank presidents is that they won't have to pay taxes on their incomes.
    Feb 04 14:15 pm |Rating: 0 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Ah, the budget thing. On the one hand, the deficit is about 3% of GDP - worse than recent years, but OK by historical and international standards. As for thet politics of it, forget McCain's tax cuts. That would take agreement by Nancy Pelosi and Harry Reid, both of whom would like higher capital gains taxes, an end to the Social Security tax limit, and elimination of the favorable rates for dividends and capital gains. Health care is the issue where fiscal prudence will run into politcs, and that's not a battle that prudence is likely to win if the liberal Dems control both houses and the presidency.
    Jul 29 09:30 am |Rating: 0 0 |Link to Comment
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