Table of Contents INTORDUCTION 2 A UNIFIED SYSTEMIC REGULATOR 3 CLOSING THE INFORMATION GAP 4 REGULATION OF RETIREMENT SAVINGS 4 CAPITAL REQUIREMENTS 6 EXECUTIVE COMPENSATION REFORM 9 RECAPITILIZATION THREW CONTINGENT CAPITAL 10 IMPROVING RESOLUTION OPTIONS 11 CREDIT DEFAULT SWAPS, CLEARINGHOUSES, AND EXCHANGES 12 PRIME BROKERS AND RUNS 13 FINAL WORD 14 REFRENCES 16 INTORDUCTION The Squam Lake Report is a brief volume that consists of the recommendations of a think tank
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the future. We will go back to October 23, 2008, which was the height of the financial crisis. The Federal Reserve had intervened to save BEAR-STEARNS from financial collapse. In the pervious month Merrill-Lynch had been sold to Bank of America and AIG had just received a $85 billion dollar bail-out from United States taxpayers. The 158-year-old Lehman Brothers financial firm had just collapsed and filed for bankruptcy. It was an uncertain and extremely precarious time. The then President Bush asked
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Commanding the Heights: the Battle of Ideas This essay starts with an introduction of the documentary Commanding the Heights: the Battle of Ideas made by PBS, then conducts the analysis on the two competing economic ideas of Keyes vs. Hayek, and finally presents a detailed illustration of their impacts on the America’s economic policies since 1980. Introduction The PBS-made documentary ‘Commanding the Heights’ is to promote better understanding of globalization, economic development and world
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America's great transition from a feudalistic to an Industrialized society was spurred by an economic growth of the 19th century. The changes in American society as well as American business practices would be vast .The perspective of our Sociological founding Father Max Weber and his analysis of another change in American Society; his view points on modernity, the rise of capitalism as well as Bureaucracy make tangible points to set the stage for a crisis in America that takes in 2008. Weber predicted
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CASE STUDY I.2 Manchester United: still trying to establish a global brand Manchester United (abbreviated as ManUtd, www.manutd.com) has developed into one of the most famous and financially successful football clubs in the world, being recognized in virtually every country, even those with little interest in the sport. Real Madrid has displaced ManUtd from the pole position in Deloitte’s football money league. The list, which has been running for the last 9 years, identifies the top 20 clubs
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The Great Moderation—Dead or Alive? Yolanda Rivera MBA6008 Global Economic Environment Abstract The purpose of this paper is to analyze and critique the Harvard Business Review article, “The Great Moderation” written by Diego Comin. I will discuss its causes and effects as well as the end of an economic cycle. Additionally, the information gathered can be used to better understand how and why “The Great Moderation” is no longer a valid method of the business cycle. According to Diego Comin
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belief that these institutions were ‘too big to fail’ and their collapse would have far reaching consequences that could have lead to a much dire situation. Throughout this essay, the causes and effects that lead to the GFC and the need for a bank bailout, along with what exactly it entailed will be presented. Then, the US governments’ response in bailing out the banks will be analysed using both a Stakeholder and Shareholder model of Corporate Social Responsibility. Their decision will attempt to
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INTRODUCTIONS The Global Financial Crisis of 2008 is considered by many economists to be the worst financial crisis since the Great Depression of the 1930s. It resulted in the threat of total collapse of large financial institutions, the bailout of small and big banks by national governments, and downturns in stock markets around the world. In United States, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. The crisis played a significant role in
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Spencer Whitworth Ryan Scoville Austin Gray CTP 1: Credit Default Swaps With the financial crisis behind us, it is worth asking whether Credit Default Swaps (CDSs) were a positive development in our economic system. Many blamed the interconnections generated by primary and secondary CDS trading for the implosions that occurred in 2007, when the underlying assets on which the majority of CDSs were based - mortgage-backed securities - began to default. The media agreed, labeling CDSs with terms
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Moral Hazard and the Mortgage Industry Moral hazard describes behavior when the party responsible for the interests of another party has an incentive to put its interests first (Dowd, 2009). The possibility of it increases when the party does not necessarily suffer the consequences of its actions and thus becomes susceptible to taking more risk because it knows it would be protected. An example of moral hazard is the subprime mortgage crisis, which preceded and “triggered” (Bernanke, 2012) the
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