Posts tagged Dodd–Frank Wall Street Reform and Consumer Protection Act

Bridges to Brooklyn, and Swamp Land in Florida

Do you believe the stories about the origin of the Flash Crash?  If you do, I have a bridge in NYC and some slightly damp land to sell you.  Yesterday, one person was fingered for the Flash Crash that occurred …






It’s A New Information Age in Financial Markets

When I traded on the floor, one of the reasons it there was a cost to be there was we had better information than the rest of the market.  I will never forget one day in the 90’s when former …






Innovation in Finance

It used to be that if you were entrepreneurial and innovative, an investment bank was a good place to work.  Banks were creative.  They were extremely nimble, and quick to iterate.  Customers were in all kinds of niches and the …






Disruption in Finance is Here

Three things came across my desk yesterday.  I will share them. Here is a deck about the current state of banking. 2015 Banking Trends from MX 50% of people have a bad opinion of banks. Community banking where you were …






Where To Find Money If You Are A Startup

If you are a startup, how do you find money?  The other day when I spoke to a class at Chicago Booth we discussed it.  The class listed a bunch of the sources, and the pluses and minuses of each …






Who Needs A Bank?

Yesterday, Roger Ehrenberg of IA Ventures sent out some thought provoking tweets. Here’s one. Increasing bank regulation and high fixed costs are dooming vast swaths of their empires. Specialized lending, money transfer and branches.. — Roger Ehrenberg (@infoarbitrage) January 14, 2015 …






The New Republicans Take Control

Today the newly elected Congress steps into the batter’s box.  There is so much hyperbole around politics these days, it’s almost meaningless to try and decipher the undercurrents. One reason is there are internal battles being waged in each party. …






Why Buyouts Are Stalled in the Middle Market

Was talking to some middle market investment bankers the other day.  They were not happy with the pace of economic growth in the market.  These are the guys that find and put deals together for businesses that have revenue of …






Mr. Volcker’s Rule

They finally passed the Volcker Rule yesterday and both sides claimed victory.  That’s how you know little was done.  The end effect is more bank traders will be out of jobs and the cost for banks to trade will be …






Gary Gensler of the CFTC: Thinks He Should Be King

Regulators should be like the best referees at a sporting event.  They are there to make sure that things are played by the rules, but they shouldn’t be noticed them during the game.  They should also make sure that they …






Too Big To Fail Intensifies

Since the bank bailout of 2008, or maybe it really began in August of 2007, average people have been complaining about Too Big to Fail.  My question is, “What did anyone expect?”. Since President Clinton advocated for the repeal of …






What’s The Problem With The Whale?

Retiring Senator Carl Levin has been investigating Jamie Dimon’s whale.   It’s pretty clear that JP Morgan ($JPM) screwed up.  The question is should the government care if they can afford to take the hit? As a trader, I have …






Breakfast Links

The real Second Amendment agenda.  You know it. Who took a chance on you? The Fukushima reactor, not so much radiation leaked out. Chicago Police reject contract.  Have to be honest, at least Rahm is trying(Unlike the Governor).  City of …






Dodd-Frank: Too Big and Failing

Two centerpieces of legislation during the last four years were Obamacare and Dodd-Frank.  Both are pernicious, and both currently are failing.  Dodd-Frank was destined to fail because it is 9000 pages of mumbo jumbo.  A total waste of time. Dodd-Frank …






Tax Code Carve Out-Free Money For Smart Investors

Did you know that if you invest in startups, you pay no taxes on the gain?  Zero taxes will accentuate a trend I see just beginning to happen. Taxes rarely if ever enter into the decision to invest in a …






Private Capital, Private Markets

At this time of year, a lot of articles write about what you should invest in going forward.  People take a peek at their investments and start doing some mental scoring.  If they look at the S&P, they have made …






Breakfast Links

They are auctioning off a Ferrari for Hurricane Sandy. Gay bar or Steak House?  Heh. FX swaps exempt from Dodd-Frank.  We ought to exempt everyone from Dodd-Frank. Pre dawn explosions in Gaza. Building a health tech platform for low income …






Breakfast Links

Got this from JoelRunyon.com  Chicago is incredible.  Nothing is impossible. Small banks will be extinguished from the financial landscape in the US.  Courtesy of Dodd-Frank. They aren’t too big to fail.  They are too big to compete. Interview with Gene …