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Regulation

Causes of the Credit Crash, Part Three: the Governors

Having had a nice Easter break, this was going to be a short entry about the regulators role in the credit crash … but it’s really, really long.  Sorry.  But it does start to get to the heart of the matter. So, what’s the real problem here? Is it the machines, the humans?  The banks,…

Eliot Spitzer’s top 10 answerphone messages

10. “Hey, what’s new?” 9. “It’s Barack Obama. Remember our conversation about being my running mate? Never mind.” 8. “Ralph Nader here. Glad to hear I’m not the only politician who has to pay for it.” 7. “Hi. I’m calling from the New York Post. Would you rather be known as ‘Disgraced Governor Perv’ or…

Eliot Spitzer’s top 10 answerphone messages

10. “Hey, what’s new?” 9. “It’s Barack Obama. Remember our conversation about being my running mate? Never mind.” 8. “Ralph Nader here. Glad to hear I’m not the only politician who has to pay for it.” 7. “Hi. I’m calling from the New York Post. Would you rather be known as ‘Disgraced Governor Perv’ or…

Eliot Spitzer’s top 10 answerphone messages

10. “Hey, what’s new?” 9. “It’s Barack Obama. Remember our conversation about being my running mate? Never mind.” 8. “Ralph Nader here. Glad to hear I’m not the only politician who has to pay for it.” 7. “Hi. I’m calling from the New York Post. Would you rather be known as ‘Disgraced Governor Perv’ or…

Eliot Spitzer’s top 10 answerphone messages

10. “Hey, what’s new?” 9. “It’s Barack Obama. Remember our conversation about being my running mate? Never mind.” 8. “Ralph Nader here. Glad to hear I’m not the only politician who has to pay for it.” 7. “Hi. I’m calling from the New York Post. Would you rather be known as ‘Disgraced Governor Perv’ or…

FSA’s data hypocrisy

I had a fascinating conversation with a group of information security professionals yesterday.  We were talking around the issues of data leakage and covered a wide variety of subjects from accidental leakage to deliberate theft, from human frailties to ISO27001 standards, from the challenges of ensuring users find it easy to get the information they…

FSA’s data hypocrisy

I had a fascinating conversation with a group of information security professionals yesterday.  We were talking around the issues of data leakage and covered a wide variety of subjects from accidental leakage to deliberate theft, from human frailties to ISO27001 standards, from the challenges of ensuring users find it easy to get the information they…

The end of the EU, euro, SEPA and MiFID is nigh?

There’s been a recent storm of controversy over the ECB’s decision to accept mortgage backed bonds from Spain.  In effect, Spain has had a disastrous subprime mortgage collapse and has been bailed out by the ECB.        This Investment Markets note of last week explains the process well, saying that Spanish banks have been…

The end of the EU, euro, SEPA and MiFID is nigh?

There’s been a recent storm of controversy over the ECB’s decision to accept mortgage backed bonds from Spain.  In effect, Spain has had a disastrous subprime mortgage collapse and has been bailed out by the ECB.        This Investment Markets note of last week explains the process well, saying that Spanish banks have been…

Now Greenspan says subprime is unavoidable, but then …

After my write-up of Alan Greenspan’s speech at the end of last year, where he says the subprime crisis was unavoidable, I was reminded of one of my old presentations with a quote from Alan Greenspan, when he was head of the Fed back in October 2004: "In recent years, banks and thrifts have been…

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