Unbiased Analysis of Today's Healthcare Issues

Holistic Regulation

“We must have a strategy that regulates the financial system as a whole, in a holistic way, not just its individual components.” Ben S. Bernanke, “Financial Reform to Address Systemic Risk” at the Council on Foreign Relations, Washington, D.C., March 10, 2009   In a 2010 short paper, Brunnermeier, Hansen, Kashyap, Krishnamurthy and Lo (2010) […]

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Good News: The Recession is may be over. Bad News: You still may not have a job.

Ben Bernanke declared today that “From a technical perspective, the recession is very likely over at this point.” What has made him make this declaration. If he using the stockmarket as an indication, the recession may be over. Stocks are still down 30% from the beginning of the year in 2008. However, the S&P 500 […]

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“Say it ain’t so, Ben”

Bank of America shareholders approved the purchase of Merrill Lynch on December 5, 2008.   Last year in the fourth quarter,  Merrill Lynch lost $15.84 billion.   Bank of America President Ken Lewis knew that Merrill was at risk of huge 4th quarter losses. Ken Lewis did not tell shareholders about Merrill’s impending large losses.  Why? Under oath, […]

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