January Senate commentary

From Riski

Contents 1 January 31 2 January 30 3 January 29 4 January 28 5 January 27 6 January 26 7 January 25 8 January 24 9 January 23 10 January 22 11 January 21 12 January 20 13 January 19 14 January 18 15 January 17 16 January 16 17 January 15 18 January 14 19 January 13 20 January 12 21 January 11 22 January 10 23 January 9 24 January 8 25 January 7 26 January 6 27 January 5 28 January 4 29 January 3 30 January 2 31 January 1

January 31

• Letter from Kabul: The Great Afghan Bank Heist The New Yorker
• Residential Property Price Indices Handbook Eurostat
• Monthly Banking Statistics December 2010 APRA
• Semi-Annual Report on Foreign Exchange Turnover RBA Australian Foreign Exchange Committee
• The Future of Banking Commission UK Independent Commission on Banking
• Financial Stability Report, December 2010 Bank of England
• Support grows for lengthening Greek debt payback Reuters
• Europe’s FICC woes FT Alphaville
• AAA Rating Is Tough to Defend as U.S. Debt Soars: Kevin Hassett Bloomberg
• Presenting The Treasury's Options To Continue Pretending The US Is Solvent ZeroHedge
• On not accepting QE3, with Bob the Bear FT Alphaville
• The Deficit-Reducing Potential of a Financial Speculation Tax Center for Economic and Policy Research
• Reverse Repo Counterparties List Federal Reserve Bank of New York
• Rulemakers Mull Change to US Derivatives Accounting Reuters
• CFTC eyes how to build "bulletproof" ID system Reuters
• Bair: Government Policies Need to Contribute to Long-Term Economic Prosperity Bank Digest
• Summary of MSRB Board of Directors Meeting January 27-28, 2011 MSRB
• MSRB to Float Fiduciary Duty Rule, Guidance on Fair Dealing and G-23 Bond Buyer
• SEC Probes Harrisburg's Muni Disclosures Wall Street Journal
• Liquidity Fears May Be Overblown Bond Buyer
• Why Were FNM/FRE Banned From Lobbying But Not C/BAC/JPM/MER/GS/MS ? The Big Picture
• Charles Schwab Strikes Alliance with AARP Wall Street and Tech

January 30

• Where are the leaders who will reform the world's economy? The Guardian
• Reform of the European Markets in Financial Instruments Directive Harvard Law School Forum
• Financial Aggregates December 2010 RBA
• British banks - Vickers in a twist The Economist
• Alternatives to Use of Credit Ratings in Regulations Governing the Federal National Mortgage Association Trading Markets
• A Bank Crisis Whodunit, With Laughs and Tears New York Times

January 29

• The future of central banking under post-crisis mandates BIS
• Financial Reform: A Framework for Financial Stability Group of Thirty
• Consolidated international banking statistics at end-September 2010 BIS
• Detailed tables on provisional locational and consolidated banking statistics at end-September 2010 BIS
• Gross Derivatives Exposure Alea
• Diamond, Thiam Profess Harmony With Their Regulators After Davos Session Bloomberg
• Johnson Named Chairman of Senate Banking Committee ABA Dodd-Frank Tracker
• Chapdelaine Credit Partners Said to Close Next Week as Primus Deal Fails Bloomberg
• FACTBOX-Top threats to U.S. state, local governments Reuters
• States Plead to Small Investors: 'Buy Bonds' Wall Street Journal
• How to Keep Audit Committees In the Know Brookings
• Washington’s Financial Disaster New York Times
• Inside Scoop on the Financial Crisis Inquiry Commission Washington's Blog

January 28

• Merkel, Ackermann Feud Over Managing Sovereign Debt Crisis Bloomberg
• Bank CEOs Get Antitrust Reminder for Closed-Door Davos Meeting Bloomberg
• China rating agency blames U.S. for "credit war" Reuters
• Federal Reserve Balance Sheet Update: Week Of January 26 - $1.129 Trillion In UST Holdings ZeroHedge
• QE2 and Rising Yields, Again Macro Market Musings
• Interactive chart featuring the rules mandated under Dodd-Frank Center for Capital Markets
• Republicans ask regulators for more info on Dodd-Frank needs The Hill
• More on the Volcker Rule Study Economics of Contempt
• House Panels to Weigh Fiscal Fixes for States Bond Buyer
• If Munis Are Perilous, What About Treasuries? New York Times
• Group convened by Center for American Progress unveils housing finance fix Housing Wire
• U.S. regulator struggles to gain faulty mortgage info Reuters
• FHFA Seeks Information on Alternatives to Credit Ratings Bank Digest
• CFTC Proposes a More Comprehensive Principles-Based Regulatory Regime for Derivatives Clearing Organizations K&L Gates
• Payday Lending - Federal Law Enforcement Uses a Multilayered Approach to Identify Employees in Financial Distress GAO
• Top bankers face prosecution over global financial crisis after inquiry blames human 'inaction' The Australian
• Wall Street Appears To Have Violated Federal Securities Law, Crisis Panel Finds Huffington Post
• Lehman Had $200 Billion Overnight Repos Pre-Failure Bloomberg
• Citigroup Ignored 2005 Bond Warning After Shedding `Handcuffs' Bloomberg
• Trading in Cash Accounts SEC Office of Investor Education
• Muni Issuance Slipped 66% in January Bond Buyer
• FHFA Seeks Information on Alternatives to Credit Ratings Bank Digest

January 27

• Global food prices and inflation targeting VoxEU.com
• Japan’s Credit Rating Cut to AA- by S&P on Debt Load Bloomberg
• Japanese Rating Cut Roils Currencies Wall Street Journal
• Moody’s Aaa-rated American journey FT Alphaville
• McGraw Says S&P Revenue Will Return to Pre-Crisis Levels Bloomberg
• EU bail-outs to count towards national debt Financial Times
• U.S. Debt Risk Highest in Year as Deficit Nears $1.5 Trillion Bloomberg
• Banks Get Tough With Municipalities Wall Street Journal
• Moody’s Combines Debt and Pensions to Analyze States Bloomberg
• Govt’s Loan Mod Program Crippled by Lax Oversight and Deference to Banks Pro Publica
• Dunn: CFTC Lacks Resources to Fulfill Dodd-FrankSecurities Technology Monitor
• SEC fiduciary, SRO studies in congressional limbo Investment News
• FSOC Study on Implementing the Volcker Rule: Missed Opportunities and Some Surprises Harvard Law School Forum
• Here It Comes: US Suspends New Issuance Under SFP, $200 Billion Liquidity Gusher Imminent ZeroHedge
• Goldman president warns on bank rules Financial Times
• Bank CEOs Convene in Davos to Review Debt Risk, Rules Bloomberg
• Merrill Lynch, Trading Against the Deck Points and Figures
• Hedge funds rebuke Goldman Sachs regulation call Financial Times
• Trading irregularities see Merrill Lynch fined $10m BobsGuide
• Banking `Toxic Cocktail' Is Too Big to Forget: Simon Johnson Bloomberg
• The Financial Crisis Inquiry Report Financial Crisis Inquiry Commission
• Chairman Bachus: FCIC Fails To Deliver Report That Identifies Causes of Crisis Committee on Financial Services
• The Charts From The FCIC Report ZeroHedge
• Bernanke Says Fed Failed to See Broader Risks From Housing Bloomberg
• Goldman Sachs Got Billions From AIG For Its Own Account, Crisis Panel Finds Huffington Post
• Commission outlines Goldman Sachs subprime dilemma in financial crisis Housing Wire
• Banker Pay Fueled Risk That Hobbled Economy, Crisis Panel Says Bloomberg
• Moody’s Assumed 4% Annual Home Price Rises in Bond Rating Model Bloomberg
• New York Sets Hearing To Review Fraud Claims By Bond Insurers Dow Jones
• SEC Proposes Net Worth Standard for Accredited Investors Under Dodd-Frank Act SEC
• SEC Publishes Staff Study on Investor Access to Information About Investment Professionals SEC
• Why did the SEC mandate XBRL? Random Comments
• Federal Bar Lawyers Fear SEC "Cop-on-the-Beat" Turning Into "Cop-on-Furlough" Compliance Week
• Pension issues may hurt US state ratings - Moody's Reuters
• Obama won't renominate Smith housing regulator-WHouse Reuters

January 26

• Vienna Insurance Marks Down Holdings Of Greek Govt Bonds Dow Jones
• Trichet Signals EU Bailout Fund Could Buy Government Bonds Bloomberg
• Contingent Capital: Economic Rationale and Design Features IMF
• Independent Commission on Banking: high-level summary of Issues Paper responses Independent Commission on Banking
• Dear Sir John FT Alphaville
• Impact of High-Cost Credit Protection Transactions on the Assessment of Capital Adequacy Federal Reserve System
• The war on moral hazards begins at home John Kay
• Banking leaders condemn City reforms The Guardian
• Bachus Announces Tentative Committee Schedule House Committee on Financial Services
• Rand Paul Reintroduces Audit The Fed Bill, DeMint And Vitter Co-Sponsors ZeroHedge
• Top congressional cop may probe mortgage servicers Reuters
• Promoting Economic Recovery and Job Creation: The Road Forward The Brookings Institution
• FSOC Publishes Study On Prohibitions On Prop Trading & Certain Relationships With Hedge Funds & Private Equity Funds Willkie Farr & Gallagher
• U.S. bond investors boost credit exposure: survey Reuters
• Banks win victory over US loan book proposals Financial Times
• Bernanke Gets 66% Approval From Investors Disliking QE2 Bloomberg
• Mortgage Applications Tumble Double Digits, Refinance Index Hits Lowest Since January 2010 ZeroHedge
• Today’s Webcast (Jan. 26): A Survey of the RMBS Litigation Landscape Securities Docket
• CFTC's Latest Plan for Swaps May Save Banks Billions Advanced Trading
• Treasury says counsel hired for consumer bureau Reuters
• Financial Crisis Was ‘Avoidable,’ Inquiry Concludes New York Times
• Financial crisis report to blame Wall Street Financial Times
• Illinois Shifts Reporting Standards Bond Buyer
• Bondholders Left in the Dark Wall Street Journal
• Far from the madding crowd Self Evident
• BofA subsidiary accused of "massive fraud" BobsGuide
• Newsmaker Interview: Bailout Watchdog Warns of “Doomsday Cycle” The Center for Public Integrity
• Camouflaged Earnings Management Harvard Law School Forum
• Dirty Little Secrets About Goldman's Collateral Calls on AIG OpEdNews.com

January 25

• Global Recovery Advances but Remains Uneven IMF
• Two-speed Global Recovery Continues IMF Direct
• Chinese plate-smashing FT ALphaville
• Holy SHIBOR Batman, We Have A Snow Problem ZeroHedge
• Contingent Capital: Economic Rationale and Design Features IMF
• Credit rating firms are controlling the flow of capital into the developing world The Guardian
• Q+A: $14.3 trillion debt limit looms closer Reuters
• Treasury Will Likely Cut Fed Bill Program as Debt Limit Nears Bloomberg
• Federal Reserve balance sheet Reuters
• Food, fuel prices unlikely to shake Fed from path Reuters
• POMO Results: PM6 All The Way, 71.1% Of Total ZeroHedge
• Frank Says Spending Cuts Could Undo Derivatives Rules Bloomberg
• E-mails Suggest Bear Stearns Cheated Clients Out of Billions The Atlantic
• JP Morgan Sold Investors MBS Covered By "SACK OF SHIT" Loans: A Goldman-AIG Redux ZeroHedge
• Countrywide Accused in Lawsuit of ‘Massive Fraud’ Bloomberg
• SEC Charges Merrill Lynch for Misusing Customer Order Information and Charging Undisclosed Trading Fees SEC
• US Senate leaders open option of state bankruptcy Reuters
• SEC probes statements on Illinois pension: report Reuters
• The SEC Proposes Registration Regime and Record-Keeping Obligations for Municipal Advisors K&L Gates
• MSRB Files with the SEC Rule Changes to Establish Term and Composition of Next Board Class MSRB
• Two AAA Munis? ZeroHedge
• SEC Considers Letting Shareholders Vote on Top Executives’ Pay Bloomberg
• SEC Adopts Rules for Say-on-Pay and Golden Parachute Compensation as Required Under Dodd-Frank Act SEC
• SEC Proposes Net Worth Standard for Accredited Investors SEC
• SEC Proposes Private Fund Systemic Risk Reporting Rule Securities Law Prof Blog
• SEC vs. BROKERS: Keeping Score Securities Technology Monitor
• Wary Americans lose their risk appetite: study Reuters
• Financial Crisis Commission Finds Cause For Prosecution Of Wall Street Asymptotix
• Financial Crisis Was ‘Avoidable,’ Inquiry Panel Finds New York Times DealB%%k
• Summary of GAO’s Performance and Financial Information GAO
• Wisconsin Court OKs Ambac Rehab Plan Bond Buyer
• Is Fair Value in Retreat? New York Times
• Banks Have Their Way With FASB Wall Street Journal
• Investing In or Acquiring Troubled Banks: The Problem of Holding Company Debt Davis Polk
• If FaceBook can invent its own money--Why can't you? Finextra

January 24

• Too-Big-To-Fail Regulations Vex Lenders, Oudea Says Bloomberg
• Wholesale and Retail Clients Future of Financial Advice Options Paper Australian Treasury
• France Lagarde: Global Fin Transaction Tax High On G20 Agenda iMarketNews
• At Davos, Bankers Yearn for the Good Old Days Bloomberg
• An introduction to the European Financial Stability Facility EFSF
• Have the Media Made the Greek Crisis Worse? (YES) Alea
• Curb the banks? The government has propped them at every opportunity The Guardian
• Nick Clegg signals support for banks breakup The Guardian
• Banking commission will consider breaking up biggest banks The Guardian
• Finally, It’s the Fed That Has Become Too Big to Fail ZeroHedge
• Treasury's toxic asset funds gain 27 percent Reuters
• Financial Crisis Commission Finds Cause For Prosecution Of Wall Street Huffington Post
• U.S. Treasury’s Report on Fannie, Freddie Reform Is Delayed Bloomberg
• Balance Sheet Recessions, Foreclosures, and Consumer Spending Rortybomb
• Mortgage Giants Leave Legal Bills to the Taxpayers New York Times
• JPMorgan Refused Mortgage Repurchases It Also Sought, Ambac Says Bloomberg
• And Now, For The Real Sh$%show... Market Ticker
• Small firms not spared in SEC say-on-pay rule Reuters
• SEC Issues Concept Release on the U.S. Proxy System Holland & Knight
• Public pensions: Feeding, and fixing, the sausage machine Federal Reserve Bank of Minneapolis
• Muni mayhem, charted FT Alphaville
• The Rise and Fall of the Munis EconomicPolicyJournal.com
• U.S. State And Local Government Downgrades May Increase In 2011, S&P Says Bond Buyer
• State Bankruptcy Is a Bad Idea Wall Street Journal
• Kroll on Fast Track To Ratings Bond Buyer
• Muni-Bond Fear Factor The Big Picture
• New Bill Would Bar Fed From Bailing Out Governments Bond Buyer
• Regulator probes funding of California muni bond lobbying group Los Angeles Times
• Dodd-Frank: The Devil is in the Details Credit Writedowns
• Institutions Face Gaps in Handling of OTC Derivatives Securities Technology Monitor
• NASAA Statement on SEC Study on Investment Adviser Oversight Securities Law Prof Blog
• NASAA Statement on SEC Staff Study on Fiduciary Duty Securities Law Prof Blog
• TransferWise wants to be the Skype of currency exchange Tech Crunch
• FPL’s New Risk Guidelines Target Algo, DMA and Sponsored Access A-Team Group

January 23

• Inflation is coming – just not yet Financial Times
• Trichet Expects EU to Agree on More Automatic Enforcement of Budget Rules Bloomberg
• Juergen Stark, ECB - European Financial Stability Facility EFSF Could Buy Bonds Asymptotix
• Germany’s EU package coming soon: reports Marketwatch
• Trichet Warns Price Pressure Is Increasing Wall Street Journal
• Q+A: U.S. $14.3 trillion debt limit looms closer Reuters
• Regulating Systemic Risk: Towards an Analytical Framework Harvard Law School Forum on Corporate Governnace
• "Major Swap Participants" — Taking Apart the CFTC's Proposed Rule Economics of Contempt
• The State That Went Bust New York Times
• Barclays to unveil radical pay overhaul Financial Times
• Tavakoli: No Need to Qualify - This IS a Massive Cover-up of a Control Fraud Jesse's Cafe
• The Media's Role In The Financial Crisis TPM Cafe

January 22

• Understanding and Forecasting the Credit Cycle—Why the Mainstream Paradigm in Economics and Finance Collapsed QFinance
• ECB’s Stark Says Rescue Fund May Buy Bonds, Recapitalize Banks Bloomberg
• EFSF proposed restructure of Greek debt - magazine Reuters
• Ireland’s Titanic Bailout at Risk, Iceland looms ahead ZeroHedge
• How to Regulate the Capital and Corporate Structures of Banks? UK Independent Banking Commission
• Banking inquiry 'considering' sector break-up BBC
• Banking Commission: Basel not enough to make banks safe: Peston BBC
• U.K. Commission ‘Unlikely’ to Seek Full Bank Breakup Bloomberg
• America Appears To Be Trapped in a Massive Coverup of Control Fraud and Corruption Jesse's Cafe
• Fannie-Freddie Report Likely to Be Late Wall Street Journal
• Private Sector Meetings on Financial Reform - Summaries FDIC
• SEC Releases Staff Study Recommending a Uniform Fiduciary Standard of Conduct for Broker-Dealers and Investment Advisers SEC
• Study on Investment Advisers and Broker-Dealers SEC
• Battle lines drawn after SEC backs fiduciary standard Investment News
• SEC Recommends Common Fidicuary Standard for Brokers, Investment Advisers Bloomberg
• Obama Picks GE CEO To Run New Jobs-Focused Panel As GE Sends Jobs Overseas, Pays Little In Taxes Huffington Post
• BofA Tones Down Mortgage Fight Wall Street Journal
• Barney Less Than Frank About Auditor Reform re: The Auditors
• Must-Reads From This Past Week Stone Street Advisors

January 21

• Pimco's Bosomworth Says EU Nations May Restructure Debt Bloomberg
• Spain plans partial nationalisation of savings banks Reuters
• Italian Swap Cases Increase as Merrill Lynch, UBS Sue in London Bloomberg
• Treasury: Proposals to “Prioritize” Payments on U.S. Debt Not Workable; Would Not Prevent Default US Treasury
• Stigma in Financial Markets: Evidence from Liquidity Auctions and Discount Window Borrowing during the Crisis Alea
• Chart of the day: S&P warns over bank capital Financial News
• Concentration in US Banking Since the Repeal of Glass-Steagall Jesse's Cafe
• Banks Want Pieces of Fannie-Freddie Pie New York Times
• CFTC Proposes Rules Implementing Business Conduct Standards for Swap Dealers and Major Swap Participants K&L Gates
• Eat-What-You-Kill Brokers Starved as Banks Gorge on Bailout Cash Bloomberg
• SEC Adopts New Rules for Asset Securitizations CCH Federal Banking Law Reporter
• Bank of America Reps And Warranties Reserve Surges Five-Fold As Claims Rise Steadily ZeroHedge
• Finra's Ketchum: Fiduciary standard 'very likely' Investment News
• Path Is Sought for States to Escape Debt Burdens New York Times
• U.S. Muni Fund Investors Withdraw Record $4 Billion Bloomberg
• State bankruptcy bill imminent, Gingrich says Reuters
• Will Appointed Members of Boards of Muni Bond Issuers Be Caught Under SEC’s Proposed Regs for Municipal Advisors? Squire Sanders
• Obama’s Bailout Boys The New Yorker

January 20

• Structural reform heatmap FT Data
• January 20 2011: Limbo Loans: We need another $100 trillion The Automatic Earth
• Bonds at Risk as Moody’s, S&P Set to Lower Ratings: Euro Credit Bloomberg
• Europe Watchdog May Be Toothless in Crisis Prevention Bloomberg
• Greek Bondholders Unlikely to Get Repaid in Full, Goldman Says Bloomberg
• Euro Zone Mulls Partial Debt Write-Off : Report Reuters
• FSA confirms professional standards for investment advisers from 2013 FSA
• House Financial Services Committee Announces Democratic Subcommittee Membership Barney Frank (D-MA), Ranking Member
• Hensarling Will Revive Bill to Wind Down Fannie Mae, Freddie Mac Bloomberg
• The Fed can’t go bankrupt. Anymore. FT Alphaville
• How Can Congress Kill Dodd-Frank? By Underfunding It Securities Docket
• The Volcker Rule FT Video
• Releases Proposed Framework to Designate Financial Companies as Systemically Significant under the Dodd-Frank Act Gibson Dunn
• Treasury Establishes CFPB Consumer Complaint Database Ballard Spahr
• CFTC Issues Proposed Rules Setting Position Limits for Commodity Derivatives Covington & Burling
• CFTC Proposes Swaps Rules Wall Street Journal
• SEC Approves New Rules Regulating Asset-Backed Securities SEC
• SEC Votes to Require Disclosures on Asset-Backed Bonds Bloomberg
• SEC sets asset-backed securities disclosure rules Reuters
• SEC Recommends Three Options for Investment Adviser Oversight Bloomberg
• Sokobin Named Acting Director of the SEC's Division Of Risk, Strategy and Financial Innovation SEC
• Unposted Inspector General Reports Showcase SEC Misconduct Project for Government Oversight
• Pissarides: Credit ratings agencies not always right but markets follow them Financial Mirror
• CFTC takes to Twitter The Hill
• ‘Fiscal Meltdown’ for States Exaggerated, Group Says Bloomberg
• A Muni CDS Market Primer ZeroHedge
• Detailed Tagging - A descent through Dante's Inferno Random Comments

January 19

• Total Global Debt Has To Double To Over $200 Trillion By 2020 To Preserve Economic Growth ZeroHedge
• Financial reform: A start, but only a start OECD
• Callow Says EU May Add More Support to Ease Debt Crisis Bloomberg
• EFSF Regling Welcomes Triple A Rating For Upcoming Bond Issue iMarketNews
• European banks face tougher stress tests Irish Times
• Capital ratios – for realsies FT Alphaville
• 2011 is the year of accounting ‘condorsement,’ Fitch says FT Alphaville
• Ireland Wields Stick to Wound Bank Bondholders Bloomberg
• Fitch Finds US Worst Of The AAA-Rated Best, Sees QE2 As Stoking Inflation Expectations Zerohedge
• Keeley Says Fed Must Proactively Seek Review of Mandate Bloomberg
• The Pomo flip FT Alphaville
• Issa to Hold First Hearing on TARP; Geithner Invited Bloomberg
• Bachus Announces Subcommittee Assignments Committee on Financial Services
• Are rating agencies backing away from Re-Remics? FT Alphaville
• Kroll to challenge big three rating agencies Financial Times
• Summary of the Volcker Rule Study – Proprietary Trading Davis Polk
• The Volcker Rule Study: Key Takeaways Economics of Contempt
• Volcker Rule Should Require Sign-Off by Bank CEOs, Panel Says Bloomberg
• FDIC's Bair Outlines Solutions to Mortgage Servicing and Foreclosure Processes ABA Dodd-Frank Tracker
• US Treasury official praises mortgage servicers Reuters
• Trillion-Dollar Banks Could Get Bigger Under Financial Overhaul Law Huffington Post
• Too big to fail, fail? FT Alphaville
• Oversight Plan Seen to Lack Specifics Wall Street Journal
• Staff Study on Enhancing Investment Adviser Examinations SEC
• CFTC To Publish Hedge Fund Rule Fin Alternatives
• Housing starts lowest since late 2009 Reuters
• Best Muni-Bond Manager Fitterer Says Whitney Call on Defaults Is Overblown Bloomberg
• Study Points to Windfall for Goldman Partners New York Times DealB%%k
• U.S. GAAP XBRL Taxonomy Updated for 2011 Accounting Today
• The theory of how the financial system created AAA-rated assets out of subprime mortgages Asymptotix
• Harbinger Of Muni Bloodbath: Valejo Offers Unsecured Creditors 5 - 20 Cent Recovery ZeroHedge

January 18

• Exposure draft IFRS Taxonomy 2011 IFRS
• Analysis: What is Plan B if China dumps its U.S. debt? Reuters
• EU Aims to Boost Crisis Safety Net as AAA Nations Weigh Cost Bloomberg
• Basel III to Hurt Fixed-Income Units Most, Morgan Stanley Says Bloomberg
• IMF says conducts bank stress tests in 5 countries Reuters
• The European Banking Authority (EBA) plans second round of bank stress tests - looks to US for advice Asymptotix
• Who is the heir to Ireland's debt? The Guardian
• Banks must be allowed to fail, says Paul Tucker BBC
• Consumers and the Economy, Part II: Household Debt and the Weak U.S. Recovery Federal Reserve Bank of San Francisco
• Toward a 21st-Century Regulatory System Wall Street Journal
• Obama regulation order may not slow Dodd-Frank implementation Investment News
• U.S. mulls way to identify risky financial firms Reuters
• Deadlines Missed on Financial-Overhaul Rules Wall Street Journal
• Fed Labors to Get Its Message Out Wall Street Journal
• Fed hits its 3rd mandate: rising shares Reuters
• Financial bodies discuss tougher US rules Financial Times
• The Volcker Rule Study: Don't Get Too Excited Economics of Contempt
• Remarks, Financial Stability Oversight Council - Chairman Gary Gensler CFTC
• Macroencomic Effects of Risk Retention Requirements Financial Stability Oversight Council
• Fact Sheet: The Financial Stability Oversight Council Chairman’s Study on “Risk Retention” US Treasury
• The FSOC’s Study & Recommendations Regarding Implementation of the Volcker Rule Financial Stability Oversight Council
• Volcker rule — coming, slowly, to a bank near you FT Alphaville
• Volcker Rule Study Approved by Financial Stability Oversight Council CCH Federal Banking Law Reporter
• NPR Regarding Authority to Require Supervision and Regulation of Certain Nonbank Financial Companies FSOC
• U.S. risk retention rules could restrict credit: study Reuters
• Interagency Working Group Releases Carbon Oversight Study CFTC
• US housing regulator considers easing loan modifications Reuters
• Regulators Seek New Rules for Mortgage Servicers Bloomberg
• FDIC Announces Interim Final Rule on the Orderly Liquidation Authority ABA Dodd-Frank Tracker
• JPM's Mortgage Unit Sued To Disclose Loan Quality Data, Following Allegations It Misrepresented Over 70% Of Loan Portfolio ZeroHedge
• CFTC aims for speculative commodity limits in Q1 2012 Reuters
• Breaking Down the SEC's 681 Enforcement Actions in FY 2010 Compliance Week
• Regulatory Coverage Generally Exists for Financial Planners, but Consumer Protection Issues Remain GAO
• GAO: No added regulation needed for financial planners Investment News
• Dodd-Frank Act: Role of the GASB in the Municipal Securities Markets and Its Past Funding GAO-11-267R GAO
• Municipal nut, meet your sledgehammer FT Alphaville
• Warren faces first inquiry Politico

January 17

• 2010 Q3 data are now available Joint External Debt Hub (JEDH)
• Foreign Direct Investment (FDI) Statistics - OECD Data, Analysis and Forecasts OECD
• “Basel III and beyond” Nout Wellink, Chairman, Basel Committee on Banking Supervision
• Visualizing Contagion ZeroHedge
• FSA and FRC extend cooperation and information exchange on audit issues FRC
• Pressure grows for tougher bank tests Financial Times
• Rulemakings on Registration of non-resident Swap Data Repositories ESMA
• Rulemakings on Registration of foreign Swap Data Repositories and Foreign Boards of Trade ESMA
• NSD Puts New Technological Platform Into Operation National Settlement Depository
• China's Hu Jintao: Currency system is 'product of past BBC
• Fix the EFSF – lose the triple-A? FT Alphaville
• Gros Says EU Crisis Funds Needed to Recapitalize Banks Bloomberg
• Alternative investors gain appetite for Cocos Financial News
• Pension funds hope for flexibility on EU’s swaps clearing rules Financial News
• Financial council to start the clock on the implementation of the ‘Volcker Rule’ The Hill
• Moody's: CMBS Loan Delinquencies Soar 79% in 2010 DSNews.com
• Behold THE Hedge Fund Hotel ZeroHedge
• Goldman Limits Facebook Investment to Foreign Clients New York Times DealB%%k
• Wall Street, Not Fannie and Freddie, Led Mortgage Meltdown The Daily Beast
• An Example Of Bank Of America Refusing To Provide The Original Mortgage Note ZeroHedge
• DON’T LOOK BACK - Darrell Issa The New Yorker
• Recent SEC Enforcement of Regulation FD: Office Depot, Inc. Drinker Biddle

January 16

• Trichet urges enhanced Europe standby fund Reuters
• Euro zone finance ministers to discuss changes to rescue fund Reuters
• Threat to Deny Increased Debt Ceiling Is `Playing With Fire,' Schumer Says Bloomberg
• Derivatives trading platform bypasses banks Financial Times
• Garrett promises to take 'more thoughtful approach' to financial regulation Investment News
• The Devils Who Drove the Financial Meltdown of 2008 The Fiscal Times
• Finnish lesson on principles for Goldman Financial Times
• Swiss Whistleblower To Hand Secret Bank Accounts Info of Wealthy Elite to Wikileaks Jesse's Cafe
• Swiss whistleblower Rudolf Elmer plans to hand over offshore banking secrets of the rich and famous to WikiLeaks The Guardian

January 15

• China has little choice but to buy US$ - CIC exec Reuters
• No hunger at the Fed Asia Times
• ECB's Smaghi says Ireland triggers new stress tests: report Reuters
• Greece should restructure its debt--Slovak finmin Reuters
• Merkel Starts Campaign for Weber to Succeed Trichet at ECB, Bild Reports Bloomberg
• Regulating the Invisible: The Case of Over-the-Counter Derivatives Colleen Baker , Notre Dame Law School
• Financial Promotions FSA
• Federal Open Market Committee Just Released Transcripts for 2005 Meetings Federal Reserve
• "The Fed No Longer Even Denies that the Purpose of Its Latest Blast of Bond Purchases ... Is To Drive Up Wall Street" Washington's Blog
• Number of the Week: Big Banks Gobble Up Market Share Wall Street Journal
• Broad Tack Expected in Implementing 'Volcker Rule' Wall Street Journal
• SEC Adopts New Rules of Practice for Disapproving SRO Proposed Rule Changes Securities Law Prof Blog
• Arbitration, Litigation, Aggravation New York Times

January 14

• Financial Statements Quarter Ended October 31, 2010 IMF
• China Tops U.S. as Biggest Economy by Purchasing Power Bloomberg
• Basel Committee Releases Final Text of Basel III Framework Mayer Brown
• Countercyclical Capital Buffer - Position of the Eurosystem on the Commission's Consultation Document European Central Bank
• Governments should withdraw bank aid, rethink Basel - Noyer Reuters
• Why this Greek debt junking matters FT Alphaville
• Third ratings agency downgrades Greek sovereign debt to junk The Guardian
• What we can learn from a nuclear reactor Financial Times
• Settling Prosecutions For Pennies on the Dollar Is a Type of Bailout Washington's Blog
• MFI statistics 2011: the number of monetary financial institutions in the euro area and in the EU decreases further ECB
• EFSF's Regling: No Need To Rush Any Changes To EFSF: Paper iMarketNews
• EC launches post-trade consultation eFinancial News
• Risk of U.S. Deflation Ebbs as Fuel Costs Climb, Economists Say Bloomberg
• Fed Economist To Greenspan In 2005: Discovery Channel's 'Flip That House' Should Cause 'Existential Crisis' Huffington Post
• Fed Officials Saw Housing Bubble in 2005, Didn’t Alter Policy Bloomberg
• Fed Laugh Track: ‘Can We Borrow from the Greeks?’ Wall Street Journal
• How to Fix Mortgage Mess in Three Steps: Laurence Kotlikoff Bloomberg
• Remarks, Implementing the Dodd-Frank Act, George Washington School of Law - Chairman Gary Gensler CFTC
• CFTC Meeting Highlights Funding Concerns, Might the Foot be Taken Off the Data Standards Pedal? A-Team Group
• CFTC Moves Forward with Oil Speculation Limits, Over Objections from Wall Street Heatingoil.com
• SEC Proposes Rule for the Timely Acknowledgment and Verification of Security-Based Swap Transactions SEC
• Gensler Says Swaps Transparency Will Increase Market Liquidity Bloomberg
• BNY Mellon Study Highlights Funding Pressures Facing US Retirement Plans ISS-MAG
• Christie Bankruptcy Remark on Day of Bond Sale Draws Criticism Bloomberg'
• SEC Probes Financial Firms on Sovereign Fund Bribes Bloomberg
• Volcker rule tests new systemic risk council Reuters
• MSRB Notice 2011-04: Request for Comment on Pay to Play Rule for Municipal Advisors MSRB
• New Hit to Strapped States Wall Street Journal
• SEC Probing Disclosures Of Muni Bond Prospectuses ZeroHedge
• SEC Report May Urge U.S. Stockbrokers to Uphold Fiduciary Duty Bloomberg
• Web Watch: Best of the Week Ending Jan. 14 Compliance Week
• US Capital Markets Co-Manager Review - Full Year 2010 Thomson Reuters
• The Second Coming Of The Internet IPO A VC

January 13

• The great unknown - Can policymakers fill the gaps in their knowledge about the financial system? The Economist
• Steven Maijoor is Selected as ESMA’s First Chair A-Team Group
• Monetary policy and excessive bank risk taking VoxEU.org
• Final elements of the reforms to raise the quality of regulatory capital Basel Committee
• Basel Sets New Rules for Hybrid Securities to Count as Capital Bloomberg
• Basel Said to Require Highest Quality Capital to Curb Bubbles Bloomberg
• S&P, Moody's Warn On U.S. Credit Rating Wall Street Journal
• Dancing on the ceiling - Talk of America defaulting on its debt is just that The Economist
• Bachus Says Congress Must Fix Swaps End-User Exemption Bloomberg
• Bernanke: No housing recovery before Fannie, Freddie revamp Housing Wire
• Federal Reserve Revises Mortgage Disclosure Requirements Under the Mortgage Disclosure Improvement Act of 2008 Jones Day
• "Credit Rating Agencies and Financial Crisis" featuring Mark A. Calabria Cato Institute
• Loan loss reservations, US bank earnings FT Alphaville
• Banks Poised to Pay Dividends After 3-Year Gap New York Times
• The Foreclosure Dump CNBC
• Application of Heightened Bank-Like Supervision & Regulation to Systemically Significant Financial Companies Gibson Dunn
• OCC Issues Memorandum on Implementation of Collins Amendment Bank Digest
• Eight Senators Ask CFTC to Use Dodd-Frank Powers to Reduce Commodities Speculation CCH Federal Securities Law Reporter
• CFTC advances position plan, reignites debate Reuters
• CFTC Likely To Tap Industry Body To Enforce Swaps Rules Dow Jones
• CFTC Proposes Rule for End-User Exception to Mandatory Clearing of Swaps Mayer Brown
• Goldman Should Withdraw Greek Euro Swap Dodge: Mark Gilbert Bloomberg
• Security-Based Swap Block Trade Definition Analysis Division of Risk, Strategy and Financial Innovation, SEC
• Issa Focuses on Obama Achievements With House Investigations Bloomberg
• AIG $20 billion share sales - JPMorgan and Morgan Stanley bosses flock at Davis Polk Asymptotix
• What Goldman Sachs Failed to Acknowledge New York Times
• Soul-searching at Goldman Sachs - Awaken the giant within The Economist
• Extraordinary Financial Assistance Provided to Citigroup,Inc. SIGTARP
• Citigroup Was On The Verge Of Failure, New Report Finds Huffington Post
• Citigroup Bailout Based on ‘Fear of the Unknown’ Bloomberg
• Citigroup Was On The Verge Of Failure, New Report Finds; Rescue Was Based On 'Gut Instinct' Huffington Post

January 12

• Secretary Geithner’s Remarks on "The Path Ahead for the U.S.-China Economic US Department of the Treasury
• Bernanke Vs. Trichet as Obama Defies Cameron-Merkel Bloomberg
• Analysis: China securities regulator flexes muscle, eyes private Reuters
• Brussels prepares new measures to cope with market pressure El Pais
• EU Crisis Plan May Feature Portugal Aid, Buybacks, Debt Rules Bloomberg
• EFSF 2.0 FT Alphaville
• Save Europe, tax the banks? FT Alphaville
• Video: El-Erian Says Europe's Banks Need to Raise Capital Bloomberg
• UBS Offers Electronic Trading for Single-Name Credit Swaps Bloomberg
• Recovery? Economists View
• Public strongly opposes debt ceiling increase Reuters/Ipsos
• Chancing on the (debt) ceiling FT Alphaville
• The US Debt Limit: History Alea
• The Fed Is Gifting Primary Dealers With A Monthly Commission Fee Of Over $5 Billion ZeroHedge
• Geithner Mulls Corporate Tax Reform Accounting Today
• Status of Programs and Implementation of GAO Recommendations GAO
• Housing's Anemic Rebound Gives Little Boost to U.S. Economy Bloomberg
• Housing Slump Worse than the Great Depression Washington's Blog
• In their fight with banks over mortgage losses, investors get on borrowers' side Washington Post
• Fraudclosure | Full Deposition of Patricia Arango of Marshall C Watson ZeroHedge
• WARNING: Bogus Accounting Identical To 2007! Market Ticker
• Trends in Household Income over the Past Decade Federal Reserve Bank of Cleveland
• Federal Reserve announces online publication on rules about credit decisions and notices Federal Reserve
• CFTC Delays Vote on Ownership, Governance Rules for Swaps Market Bloomberg
• Proprietary trading Financial Times
• Let there be light … pools FT Alphaville
• JPMorgan's Dimon Says He Expects More Municipal Bankruptcies Bloomberg
• Bye, bye AAA-rated banks at S&P… FT Alphaville
• Proxy Voting and the Supply/Demand for Securities Lending Harvard Law School Forum
• Facebook: In Goldman Sachs We Trust ZeroHedge
• Social Finance: The New Influentials Mindful Money

January 11

• Bank of China Brings Yuan Trading to the U.S. Wall Street Journal
• Direct retail of corporate bonds in the pipeline The Star Online
• Banks Said to Face EU Tests on Capital, Liquidity Bloomberg
• Foreigners Shun Europe’s Bonds, and Debt Piles Up New York Times
• Focus sharpens on eurozone bail-out fund Financial Times
• Financial Stability Report, December 2010 Bank of England
• Paper pauper - could the Fed go broke? Business Day
• QE2 is sailing the US into stormy waters Business Day
• TCW's Rivelle Says U.S. Treasury Yields to Rise in 2011 Bloomberg
• Letter to the Editor: “A flawed argument against Wall Street reform” U.S. Treasury
• Virtually All Independent Financial Experts Say that the Size of the Big Banks Is Hurting the Economy Washington's Blog
• Unintended Consequences - Man bites dog ZeroHedge
• US House Democrats Question Mortgage Buyback Terms Dow Jones
• Annual report on credit rating agencies SEC
• Proposed DOL Regulation Would Impose Fiduciary Status On Valuation Firms McDermott Will & Emery
• Solving the second-lien sticking point FT Alphaville
• SEC taps ex-Janus manager to oversee money market funds Investment News
• MONEY MARKETS-Big investors prefer $1-a-share money funds Reuters
• SEC Issues Interpretive Guidance on Liquidity/Capital Resources Disclosures Holland & Knight
• Expect SRO For Advisers, Fiduciary Fix For Brokers Registered Rep
• With Facebook, Debate Renews Over I.P.O. Regulation New York Times DealB%%k
• The new look, client-facing, Goldman Sachs FT Alphaville
• Submission in Response to Public Consultation on Credit Rating Agencies PF2
• Schwab to Settle SEC Charges for $118 Million+ Accounting Today
• 2010 Derivatives Rulemaking Wrap-Up (Part 1) Morrison & Foerster LLP
• 2010 Derivatives Rulemaking Wrap-Up (Part 2) Morrison & Foerster LLP
• Citi Prepares Tranche Market For Muni-Bond Derivatives Wall Street Journal
• New York Court Tosses Case Over MBIA Restructuring Bloomberg
• Charles Ferguson: MIT Brunel Lecture on Economics and the Financial Crisis Jesse's Cafe

January 10

• Video: Lipsky Calls High Unemployment Risk to Advanced Nations Bloomberg
• Almunia response. Corner Turned
• Global accord targets credit bubbles Financial Times
• Moody’s clashes with EU on advance warnings Financial Times
• Germany denies Portugal bailout plan AFP
• BoE sticks to plan to end liquidity scheme in 2012 Reuters
• Analysis: Bond market in spotlight as budget battle looms Reuters
• The Fed’s QE2 Traders, Buying Bonds by the Billions New York Times
• Toward Sensible Monetary Policy Congressman Ron Paul
• Could the U.S. central bank go broke? Reuters
• Reserve Bank income and expense data and transfers to the Treasury for 2010 Federal Reserve
• Federal Reserve Profits Alea
• QE counter-factuals and counter-arguments FT Alphaville
• Yellen Speech May Offer ‘Proxy’ for Planned Unwinding of Fed QE Bloomberg
• Fed Designates Jim Park as Chairman of Consumer Council Bloomberg
• Is Massive Primary Dealer Year End Window Dressing A Major Reason For The Bond Sell Off? ZeroHedge
• Wall Street Dumps Most Treasuries Since 2004 on Growth Bloomberg
• Regulators Consider "Red Flag" Approach to Volcker Rule Reuters
• SEC Reports on Credit Rating Agencies Securities Law Prof Blog
• Newt Gingrich Pushing Bill To Allow States To File Bankruptcy Allowing Them To Renege On Pension And Benefit Obligations ZeroHedge
• U.S. Inspectors May Pierce Veil of Lehman’s Auditors in U.K. Bloomberg
• CDS compression amounts have fallen (TriOptima Press Release) Credit Risk Chronicles

January 9

• Short selling and OTC derivatives policy options VoxEU
• Recapitalizing Europe ZeroHedge
• A Global Album Of Sovereign Insolvency ZeroHedge
• QE counter-factuals and counter-arguments FT Alphaville
• Fed officials not attached to dual mandate Reuters
• Yellen Says Fed Asset Purchases Avert Deflation, to Create 3 Million Jobs Bloomberg
• Reducing Systemic Risk: Money Market Mutual Funds as Substitutes for Federally Insured Bank Deposits Securities Law Prof Blog
• Disclosure is at center of fiduciary tug of war Investment News
• The Bill Daley Problem Baseline Scenario
• Video: Congressional Testimony On MERS - Does It Have Legal Authority To Foreclose? Daily Bail
• 7 Public Pension Plans Challenge Foreclosure Processes The Big Picture
• Short Sales, Class-Action Lawsuits, and Potential Information Leakages Securities Law Prof Blog
• On The Four Year Anniversary Of The Paulson-ACA Meeting That Conceived Abacus ZeroHedge
• Barclays could set up a "bad bank", say analysts The Guardian

January 8

• Policymaking from a “macroprudential” perspective in emerging market economies BIS
• The Federal Reserve’s Asset Purchase Program - Janet Yellen Board of Governors of the Federal Reserve System
• U.S. Payrolls Miss Forecast, Showing Labor Market Recovery May Take Years Bloomberg
• What is the Treasury Up To? New Monetarism
• $2.6 Billion to Cover Bad Loans: It’s a Start? New York Times
• US regulators wrestle over mortage servicing rules Reuters
• Money multipliers and collateral Deus Ex Macchiato
• US regulator to query Goldman Sachs over Facebook interest New York Times
• Bernanke Rejects Bailouts Wall Street Journal
• Gauging Those Tremors in Municipal Bonds New York Times

January 7

• G20:France Downsizes Its Aim To Reform Global Monetary System iMarketNews
• China bans inexperienced reporters from covering securities, futures news Xinhua Net
• Trichet Says ECB No Substitute for Government Irresponsibility Bloomberg
• Trichet Says ECB No Substitute for Government Irresponsibility - original speech Asymptotix
• European Default Concern Will Spread to U.S., Japan, Buiter Says Bloomberg
• Buiter’s €2,000bn solution for the Eurozone FT Alphaville
• Lib Dem Treasury chief attacks 'unacceptable' secrecy as £7bn bank bonuses near The Guardian
• The US as deadbeat: discuss BBC
• Dodd-Frank Repeal Proposed, Can It Be Passed? Banktech
• Bernanke plays down US recovery hopes Financial Times
• Bernanke bashes the budget FT Alphaville
• What B-52 Ben Really Said ZeroHedge
• Bernanke on Munis, Oil and Fed’s Mandate Wall Street Journal
• Remarks by Elizabeth A. Duke Board of Governors of the Federal Reserve System
• Greenspan: 'Prove I Was Wrong' Wall Street Journal
• U.S. Economy Adds 103,000 Jobs, Fewer Than Forecast Bloomberg
• Still a U, not a V The Economist
• Presenting The Full Ibanez Supreme Court Ruling ZeroHedge
• A court case to challenge securitisation standards FT Alphaville
• Banks Lose Pivotal Massachusetts Foreclosure Case Bloomberg
• UPDATE 1-Top Mass. court rules against foreclosing banks Reuters
• US regulators consider tiered Volcker rule-report Reuters
• SEC Appoints James R. Doty as Chairman, Jay D. Hanson and Lewis H. Ferguson as Members of PCAOB SEC
• CFTC won't seek tougher voting stake rules-sources Reuters
• The Hedging or Mitigating Commercial Risk Exemption From Major Participant Status The Swap Report/ReedSmith
• CFTC's Proposed Business Conduct Regulation: Can the OTC Swap Market Survive the "Cure"? Cleary Gottleib
• Goldman Bid to Polish Image May Be Undermined by Facebook Bloomberg
• Bond Adviser to City With $800,000 Boss Now Restructuring Debt Bloomberg
• S&P Seeks To Revise Criteria For Rating Banks Euromoney Institutional Investor

January 6

• How Does Trade Evolve in the Aftermath of Financial Crises? IMF
• Asian Financial Integration: Trends and Interruptions IMF
• Commission seeks views on possible EU framework to deal with future bank failures European Union
• Brussels plans bondholder ‘bail-ins’ Financial Times
• Basel Committee Releases "Final" Basel III Rules Goodwin Proctor
• A Historic Moment, As Western Europe Sovereign Debt Now Riskier Than Emerging Markets Business Insider
• The BIS on Global Forex Trends Econobrowser
• Osborne lectures EU on banks BBC
• Brazil imposes tax to curb forex short selling Reuters
• Financial Services Authority Quarterly consultation (No.27) FSA
• Quarterly Consultation Paper (QCP) (No.27) How this Quarterly Consultation Paper (QCP) affects your firm FSA
• Ireland yet to agree bank ratios - source Reuters
• Secretary Geithner Sends Debt Limit Letter to Congress US Department of the Treasury
• Geithner Urges Debt Limit Increase, Warns of Default Bloomberg
• FED FOCUS-Fed, widely lampooned, faces restive Congress Reuters
• The Fed in 2011 FT Alphaville
• Washington Today: Bernanke Facing Tough Questioning in Rare Senate Budget Committee Appearance Lawrence McDonald
• Tea Party Caucus Founder Pushes to Repeal Dodd-Frank Bloomberg
• Federal Banking Agencies Seek Comment on Revised Market Risk Notice of Proposed Rulemaking Goodwin Proctor
• Fed To Back New Rules To Rein In Home Foreclosure Abuses Huffington Post
• How The Commerce Department Pulled $46.3 Billion In Personal Income Out Of Thin Air To Prevent The Double Dip ZeroHedge
• Not Just "Inflation Versus Deflation" ... We've Got "MixedFlation" and "ExportFlation" Washington's Blog
• US commercial paper market shrinks for 10th wk-Fed Reuters
• Dodd-Frank’s Disclosure Requirements for Asset-Backed Securities Bass Berry & Sims
• US considers three-tier prop trading fight Financial Times
• CFTC's Proposed Compliance Standards for Principles and CCO Requirements for Derivatives Clearing Organizations K&L Gates
• 'Dark Pools' Could Get Sunlight in 2011 Wall Street Journal
• The First SEC Non-Prosecution Agreement: Another Arrow in the Quiver Fried Frank
• Moody’s Expects Only a Few Municipal Bond Defaults in 2011 Research Recap
• Adviser Proposal Targeted Bond Buyer
• Moynihan's millstones The Economist

January 5

• China to be more open to world People's Daily Online
• Japan plans major overhaul of fin reg GFS News
• Sovereign debt burden-sharing, and free-riding FT Alphaville
• Bubbles Galore to Make 2011 Year to Remember: William Pesek Bloomberg
• EFSF Primary Market Group EFSF
• Fat cats of finance should bear most of the pain Business Day
• Bad bonus rules are worse than bad bonuses The Economist
• US regulators seek $2.5b from bank execs Business Day
• Senior Supervisors Group Report Highlights Need for Better Management of Risk Data A-Team Group
• When (derivatives) counterparties collapse FT Alphaville
• CFTC and SEC Propose Joint Rules to Further Define the Terms “Swap Dealer...” K&L Gates
• Government seen hitting debt limit in March or April Reuters
• Pew's Tax Expenditure Database Subsidy Scope
• Bernanke to Take Journalists’ Questions Wall Street Journal
• Ben Bernanke Loses More Money In One Day Than All Of LTCM Ever Did... Doubled ZeroHedge
• Fed May Keep Easing at `Full Throttle' Until Jobless Rate Falls Bloomberg
• MUFJ's Brown Says Fed Has No `Magic Wand' to Cut Jobless: Video Bloomberg
• PIMCO On The Robosigning Scandal And Its Consequences ZeroHedge
• As CMBS Delinquencies Hit All Time Record, Wall Street Looks For Greater Fools ZeroHedge
• Hank Greenberg takes on the government, Goldman, taxpayers FT Alphaville
• Rep. Maxine Waters asks if BofA deal with Fannie and Freddie was 'backdoor bailout' Los Angeles Times
• DTC Hikes Spark Outrage Bond Buyer
• Facebook Deal Spurs Inquiry Wall Street Journal
• SEC: Unfettered market access nixed for B-D customers Investment News
• On Fighting and Losing Well, Financial Reform Edition Rortybomb
• The State of the States - CA and IL Markit
• Postcrisis, a Struggle Over Mortgage Bond Ratings New York Times DealB%%k

January 4

• The Rise of the New Global Elite The Atlantic
• 2011—A Pivotal Year for Global Cooperation IMF Direct
• Issuance isn’t the eurozone’s big problem FT Alphaville
• Belgium Corner Turned
• Too-Big-to-Fail Banks Face New Limits Under EU Plan Bloomberg
• FACTBOX-U.S. Treasury's tools to stave off debt limit breach Reuters
• Frank vows a 'fight' if Republicans refuse Dodd-Frank funding The Hill
• G.O.P. Asks Businesses Which Rules to Rewrite New York Times
• Some Fed Officials Had Fairly High Threshold to Alter QE2 Size Bloomberg
• Washed Away on the QE2 Project Syndicate
• Guest Post: The Long Swim – How the Fed Could Become Insolvent ZeroHedge
• Show me (the effect of) the money The Economist
• Looking back, looking forward Federal Reserve Bank of Atlanta
• Fed Moves To Gut Predatory Lending Regulation Huffington Post
• Fed Posts Meetings Summary Regarding Mortgage Repayment Provisions Bank Digest
• Humpty Dumpty and the Case for Bank Taxation Regulating Wall Street
• How much of CDS activity is related to hedging? Credit Lime
• Credit ratings will still have a role to play Financial Times
• FDIC Unsure How to Comply With Rating Agency Provisions The Ratings Debate
• Amherst Securities: Investors Underestimating Severity of Housing Problem Naked Capitalism
• Is Fannie bailing out the banks? Fortune
• Chart du jour, BofA edition FT Alphaville
• Bank of America Settlement The Fourteenth Banker Blog
• Maxine Waters Denounces Bank of America - GSE Putback Deal As Taxpayer "Giveaway" ZeroHedge
• Why Bank of America Must Be Thrilled to Pay a $3 Billion Penalty The Atlantic
• Bank of America Pays for Soured Loans Wall Street Journal
• Outstanding Contraction!: Commercial Paper Outstanding December 2010 Paper Money
• Issuance Plunges 91% From Year Ago as Build America Bonds End: Muni Credit Bloomberg
• Last-Minute Flurry of BABs Puts 4Q at $133B Bond Buyer
• B of A Trumps Citi for Top Spot Bond Buyer
• Holly Petraeus To Be Elizabeth Warren's Pick For Top Post In New Consumer Protection Agency Huffington Post
• Warren Plans Information-Sharing With States on Non-Bank Lenders Bloomberg
• Consumer Watchdog Strikes Deal with States to Police Lenders New York Times DealB%%k
• CFPB and CSBS Sign Memorandum of Understanding ABA Dodd-Frank Tracker
• Friends With Benefits New York Times
• January 4, 2011 FASB Board Meeting FASB
• 2011 US GAAP Financial Reporting Taxonomy: Behind the Curtain Rivet Software
• Income Redistribution: The Key to Economic Growth? The Fiscal Times

January 3

• Armageddon Can Wait Project Syndicate
• European debt markets 'face second credit crisis' The Telegraph
• China Will Continue To Buy Spanish Debt Asymptotix
• Wall Street ties complicate the politically touchy search for economic adviser Washington Post
• Replacing Summers with a Wall Street millionaire Reuters
• Fed Likely to Add New Dealers for Treasury Market Wall Street Journal
• States, Industry in Oversight Flap Wall Street Journal
• Explaining The CDS And CDO With The Help Of Lehman Brothers Asymptotix
• CFTC needs "Plan B" for costly swaps rules Reuters
• Tim Mayopoulos' Revenge #1: BofA Takes $2 Billion Q4 Charge For GSE Repurchase Obligations ZeroHedge
• BofA in settlement with Fannie Mae, Freddie Mac Reuters
• Foreclosure Deals to Start With Big Lenders, Iowa Says Bloomberg
• Ohio Ruling: No Substitution of Foreclosure Documents in Robo-Signing Cases Fire Dog Lake
• U.S. financial regulation: Three things to watch, and two not to, in 2011 Complinet
• Fears about SEC whistle-blower proposal unfounded Investment News
• MSRB Fee Hikes Get Approval Bond Buyer
• Private investors head for hills as default fears mount Financial Times
• The First Amendment, the securities laws and hedge funds Truth on the Market
• A Closer Look at the 2010 Securities Lawsuit Filings The D&O Diary
• Why Facebook Is Such an Important Friend for Goldman Sachs New York Times DealB%%k

January 2

• European nations begin seizing private pensions Christian Science Monitor
• NAMA and the Master SPV The Story
• Obama aide: Debt limit fight could be "catastrophic" Reuters
• Taxpayers and Wall Street Points and Figures
• New Year’s Hope against Hope - Joseph E. Stiglitz Project Syndicate
• Republicans may starve financial reform of cash Reuters
• SEC budget woes may bolster case for creation of SRO Investment News
• Finra to step up surveillance of stock exchanges in 2011 Bloomberg
• The XBRL Mandate: Opportunities, And Threats, For Non-Big 4 Auditors re: The Auditors
• Presenting Riski: Another Open-Sourced Project Bringing "High Finance" To The People, And A Damned Good Index Catalog ZeroHedge

January 1

• Gary Gorton On The Shadow Banking System Run, And The Interplay Of Shadow And Traditional Banking ZeroHedge
• The New Speed of Money, Reshaping Markets New York Times