Thursday, April 1st, 2010
"The new requirements form part of new guidance from the Office of Fair Trading (OFT) to counteract irresponsible lending. '[We] expect all consumer credit businesses to fully comply with both the word and spirit of this guidance,' the OFT said.
Wednesday, March 31st, 2010
"Alan Greenspan, Ben Bernanke, and the rest of the crew running economic policy somehow could not see the housing bubble as it grew to more than $8tn. It really should have been hard to miss. Nationwide house prices had just tracked overall inflation for 100 years from 1895 to 1995.
Monday, March 22nd, 2010
"Sen. Chris Dodd's latest bill to fix the financial system is another failure. After months of negotiation, he's produced a "reform" of the regulatory system that simply fails to deal with the causes of the 2008 crisis -- which nearly saw the collapse of the US banking system.
Thursday, March 18th, 2010
"One of the sadder categories in the history of human misfortunes is the list of those things that are obvious, but wrong. By definition, if something is obvious, most people agree with it, and thus, it is likely to win the day - but lose the verdict of history. The Earth is flat - obviously.
Monday, March 15th, 2010
"Mr. Dodd's bill would allow the Fed to examine any bank-holding company with more than $50 billion in assets, and large financial companies that aren't banks could be lassoed into the Fed's supervisory orbit. This came after Treasury officials pushed Mr.