Silver as an investment

Category Archives: Mary Schapiro

The Unfaithful Departed: Meet The People Who Bailed On The Obama Administration

Friday’s latest resignation of yet another former Obama administration faithful – that of White House press secretary Jay Carney – got us thinking: how many people have jumped off the USS Obamic? The answer is, in short, a lot. Below is a list (by no means complete) of the most prominent officials and advisors who […]

HaNK’S ReSTauRaNT…

    HANK’S RESTAURANT (Arlo Guthrie–Alice’s Restaurant) Adapted by WilliamBanzai7   This song is called Hank’s Restaurant, and it’s about Hank, and the restaurant, but Hank’s Restaurant is not the name of the restaurant, that’s just the name of the song, and that’s why I called the song Hank’s Restaurant. You can take anything you […]

SEC Head Recused Herself From JPM “Whale” Vote Due To Conflict Of Interest

zerohedge.com / by Tyler Durden / 09/19/2013 12:36 -0400 When the absolutely useless reign of the “captured” SEC head Mary Schapiro came to an end, only to be replaced with former Wall Street darling, former Debevoise lawyer Mary Jo White whose prior Wall Street clients were virtually all financial firms, many said her appointment was an epic […]

SEC Head Recused Herself From JPM “Whale” Vote Due To Conflict Of Interest

When the absolutely useless reign of the “captured” SEC head Mary Schapiro came to an end, only to be replaced with former Wall Street darling, former Debevoise lawyer Mary Jo White whose prior Wall Street clients were virtually all financial firms, many said her appointment was an epic blunder, since she would have no choice […]

SEC Uses HFT Firm-Designed Tool To Find That HFT Doesn’t Cause Flash Crashes

Just when one thought the SEC has hit rock bottom in stupidity, corruption and porn-addiction terms, to paraphrase the beloved Dennis Gartman, it whips out a shovel and starts digging. Today’s case in point: a report by the agency that Mary Schapiro made into Wall Street’s punching bag (and whose legacy her Morgan Stanley-friendly replacement […]

Slamming The Money Market “Gates” – Capital Controls Coming To $2.6 Trillion Industry

The first time we wrote about the Volcker-led Group of 30 recommendation to crush Money Markets in January 2010 by effectively imposing capital controls and fund “gates”, whose purpose was simply to scare investors out of the $2.6 trillion liquidity pool and force said capital to reallocate into a much more “reflation friendly” asset classes […]

Unemployment Report Shocks Markets

  The big driver of market declines Friday was led by the Non-Farm Payrolls report. The jobs data was a dreadful miss (88K vs 198K & prior 236K) and the unemployment rate declining from 7.6% from 7.7%. The unemployment rate is misleading since 663K people dropped from the labor force and now total 90 million. […]

Meet Mary Schapiro’s New "Revolving Door" Employer

When Mary Schapiro quit the laughing stock US stock market regulator, the only question was which Wall Street firm the latest SEC “revolving door” migrant would end up with, with most bets being on, naturally, Goldman and JPM. Today, to some surprise, the news hit that the former head of the internet porn-addicted regulator (which […]

Frontrunning: April 2

The revolving door continues: Mary Schapiro joins Promontory Financial (WSJ) First Peek at Health-Law Cost (WSJ) Abe warns over Japan inflation target: warns 2% inflation target may not be reached within two years (FT) BoJ’s Kuroda tested by divided board (Reuters) Nanjing poultry butcher fourth person infected with H7N9 bird flu (SCMP) What time do […]

No, American Banks AREN’T Smaller than their Foreign Rivals

When Internationally-Accepted Accounting Methods Are Used, American Banks Are the World’s Largest We have extensively documented that failing to break up the big banks is destroying America because: The size of the big banks is – literally – destroying the rule of law Their size allows them to rig the market (and act as criminal […]