Tag Archives: public secret

“America’s Covert Government Lending”

By m3t00 | Published: 09-01-15
Bingo: Steve Clemons gives it a name. The rationale for the secrecy—that disclosure would precipitate lack-of-faith events that could be disastrous—is entirely valid; but the proposed solutions are not. The popular “debate” so far has oscillated around whether recent crises involve liquidity or solvency issues; in fact, the underlying issue is whether the problems are [...]
Posted in economics, finance, government, international | Also tagged , , | 1 Comment

No one saw it coming (Madoff edition)

By m3t00 | Published: 08-12-21
Except for some bloke by the name of Harry Markopolos, who told the SEC in writing on 7 Nov ’05: I am the original source for the information presented herein having first presented my rationale, both verbally and in writing, to the SEC’s Boston office in May, 1999 before any public information doubting Madoff Investment [...]
Posted in finance, government, law, trend | Also tagged , | Leave a comment