tag:blogger.com,1999:blog-5252729309404361117.post8792459009808462408..comments2023-11-27T19:35:07.308-08:00Comments on LATIN AMERICAN DEVELOPMENT: Not good!!!!Diego Sánchez-Ancocheahttp://www.blogger.com/profile/03140856205281580682noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5252729309404361117.post-23001441310425375772021-12-14T19:20:54.372-08:002021-12-14T19:20:54.372-08:00Nicee post thanks for sharingNicee post thanks for sharingHeather Whttps://www.heatherwalt.com/noreply@blogger.comtag:blogger.com,1999:blog-5252729309404361117.post-30935170777214493092010-01-26T02:50:30.225-08:002010-01-26T02:50:30.225-08:00This Demos report is excellent and has the very la...This Demos report is excellent and has the very latest data on VaR (value-at-risk) ratings, banks' trading revenues, etc. Well worth reading. Until last Friday, I would have been very gloomy about the report's contents. However, since Obama's surprise announcement that he will seek to pass the Volcker Rule (i.e. banning banks from proprietary trading and owning, investing in or sponsoring hedge funds)I feel that Washington has finally woken up to the risks posed by finance. Whether it was the election loss (in MA) that caused this or not does not matter. The fact is that the Administration is seeking to seperate a highly regulated banking sector from a completely non-regulated hedge-fund sector. Let's hope that Congress passes it. If it does, I think the positive impact on financial and real economy stability, and even on wealth and income inequality, will be profound and long-lasting.Anonymousnoreply@blogger.com