Mind Over Market

In an interview conducted by Bill Moyers October 26, 2012, Former Special Inspector General for TARP, Neil Barofsky, talks about the need for new reforms in banking regulation and oversight and warns that the financial system is headed for another crisis. Transcript: BILL MOYERS: And now for another reality check -- a far cry from the humbug and rhetorical static afflicting our election campaigns. Let’s talk about something President Obama and Governor Romney barely mentioned in their debates: banking reform. It’s four years since the economic meltdown knocked America and the world to our knees, four years since that massive taxpayer bailout. But if you listened to the candidates, the enormity and severity of this continuing crisis hardly merit notice. Barack Obama pledges change but touts Dodd-Frank, a bulky, watered-down version of financial reform that scarcely makes a ripple in the vast sea of corruption and abuse. Mitt Romney campaigns as the banker’s pal and says he’ll mak...

The Norris Group's Real Estate Radio Show Riverside, California December 24, 2011 Bruce Norris Interviews Robert Stowe England Topic: Black Box Casino Listen to the broadcast at this mp3 link: Summary of the Interview: 257-TNGRadio – Robert England 12-24-11 Friday, December 23rd, 2011 This week Bruce is joined by Robert England. Robert is a journalist and author who has written extensively on mortgage finance, banking, retirement policy, and the financial and economic impact of aging population. His most recent work is Black Box Casino: How Wall Street’s Risky Shadow Banking Crashed Global Finance. Previous works include Aging China: The Demographic Challenge to China’s Economic Prospects. Robert is also a senior writer for Mortgage Banker Magazine. Bruce said he really appreciated his Black Box Casino book and was familiar with the overall story. There are a lot of insider terms where when you are in Wall Street and you watch Squawk Box, they use the terms as if the world knows wh...

In his new book Subervsion Inc. Matthew Vadum accuses ACORN of intentionally targeting Wells Fargo with demonstrations, harrassment, phony studies and lawsuits on behalf of their paymaster Herb and Marion Sandler who contributed more than $11 million to ACORN. On Fox News Vadum debates a representative of ACORN. The Sandlers were the former owners of Golden West (World Savings) which had more than $100 billion in toxic payment option ARMs on its books when they sold the company to Wachovia in 2006. The toxic mortgages helped sink Wachovia during the financial crisis and Wells Fargo acquired Wachovia in 2008.

Robert Stowe England's newest work -- Black Box Casino -- will be published this fall by Praeger Books . Advance copies for reviewers and selected media outlets will be sent out at the earliest possible date. The book is currently going through the copy-edit and production process. The book can be pre-ordered at Praeger at this link , and at Amazon.com at this link : The new book, Mr. England's fifth, is a no-holds barred account of the financial crisis of 2007 and 2008 and explores and explains the causes of the crisis and describes the unfolding of the crisis in dramatic and compelling detail. The author sorts through a mountain of evidence, interviews and information and provides new information, sources, analysis and insight into the crisis in order to tell Americans what they most long to hear: what went wrong and why. The book is unsparing in its examination of the follies in Washington and on Wall Street that caused so much economic and financial pain for so many people...

Robert Stowe England's newest work -- Black Box Casino -- will be published this fall by Praeger Publishers, a division of ABC-CLIO, Santa Barbara, California. Advance copies for reviewers and selected media outlets will be sent out at the earliest possible date. The book is currently going through the copy-edit and production process. The book can already be pre-ordered from Praeger at this link , and at Amazon.com at this link : The new book, Mr. England's fifth, is a no-holds barred account of the financial crisis of 2007 and 2008 and explores and explains the causes of the crisis and describes the unfolding of the crisis in dramatic and compelling detail. The author sorts through a mountain of evidence and information and provides new information, analysis and insight into the crisis in order to tell Americans what they most long to hear: what went wrong and why. The book is unsparing in its examination of the follies in Washington and on Wall Street that caused so much e...

Congressional Budget Director Doug Elmendorf writes on the Director's Blog at the CBO web site: Federal Debt and the Risk of a Financial Crisis In fiscal crises in a number of countries around the world, investors have lost confidence in governments’ abilities to manage their budgets, and those governments have lost their ability to borrow at affordable rates. With U.S. government debt already at a level that is high by historical standards, and the prospect that, under current policies, federal debt would continue to grow, it is possible that interest rates might rise gradually as investors’ confidence in the U.S. government’s finances declined, giving legislators sufficient time to make policy choices that could avert a crisis. It is also possible, however, that investors would lose confidence abruptly and interest rates on government debt would rise sharply, as evidenced by the experiences of other countries. Unfortunately, there is no way to predict with any confidence whether ...