Two deeply transformative phenomena of contemporary life were born almost at the same time just over a decade ago. In September 2006, Facebook [NASDAQ: FB] went live to anyone with a valid email address; and in January 2007, the first iPhone was launched by Steve Jobs’ now-famous keynote address at the Read more…
Regulators are Forcing Banks to Get More Conservative Last Wednesday, Federal Reserve governor Daniel Tarullo addressed the Fed’s symposium on stress test modelling. This is a now-annual gathering of Fed officials and financial industry participants, where the discussion focuses on the Fed’s efforts to evaluate the strength of banks in the face Read more…
Private Infrastructure Investment Larry Summers didn’t get nominated to run the Fed, but he certainly still has the President’s ear. A piece of analysis we read recently pointed us towards an op ed article he wrote for the Financial Times in mid-October. That piece suggested two lines of thought which we Read more…
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