EconOfContempt

Finance lawyer in New York. (You're welcome, world.)

[EconOfContempt @EconOfContempt]

Boston Fed Chief: Banks May Not Have Enough Capital in a Crisis http://t.co/btczpmYihW

[EconOfContempt @EconOfContempt]

What's odd to me is that Republicans are challenging the part of Dodd-Frank that has the MOST bipartisan support http://t.co/lXSOFM2Y

[EconOfContempt @EconOfContempt]

GAO report: Financial crisis cost economy $13 trillion http://t.co/wJU8HR5V // That sounds about right. Many trillions, for sure.

[EconOfContempt @EconOfContempt]

NYT paints giant target on its back for Chinese hackers http://t.co/vB5O7anK

[EconOfContempt @EconOfContempt]

If a bank's activity is specifically ALLOWED by the Volcker Rule, then they're not "find[ing] a way past Volcker" http://t.co/Wkzt8llz

[EconOfContempt @EconOfContempt]

@Alea_ I imagine that will be covered by the "bona fide liquidity management" exemption

[EconOfContempt @EconOfContempt]

@TheStalwart Ha, thanks. I hope my de-escalation theory continues to hold up for the new few months...

[EconOfContempt @EconOfContempt]

New post: On the Revisions to Basel III’s Liquidity Requirements http://t.co/WDuVVxuy (cc: @rortybomb)

[EconOfContempt @EconOfContempt]

I must say, it's nice to see ppl finally paying attention to the Basel liquidity coverage ratio. LCR got NO coverage when it first came out

[EconOfContempt @EconOfContempt]

@felixsalmon Why is it "reasonable to assume" that?

[EconOfContempt @EconOfContempt]

Ah yes, w/ Lew nomination, we're in for yet another round of "He worked with Bob Rubin once, so he MUST believe everything Rubin believes!"

[EconOfContempt @EconOfContempt]

@dsquareddigest @felixsalmon Ah okay, that makes sense.

[EconOfContempt @EconOfContempt]

@felixsalmon Just curious, but why do you think the Basel Committee was exercising monetary policy w/ the LCR revisions? Was there a quote?

[EconOfContempt @EconOfContempt]

In addition to being, you know, a PR disaster for the history books

[EconOfContempt @EconOfContempt]

If AIG actually does join the shareholder suit vs. the US gov, remember that it's also a legal disaster, b/c the suit is DESTINED TO FAIL

[EconOfContempt @EconOfContempt]

@rortybomb A lot will depend on definitions of terms in the US rule. The outflow changes aren't in outrageous categories, but too large, IMO

[EconOfContempt @EconOfContempt]

@Procyclicality Thanks. Will have to wait for the full text tomorrow, but at first blush, some good, more bad (though nothing HORRIBLE)

[EconOfContempt @EconOfContempt]

When global banks fail, resolve them globally http://t.co/rxgN0IjT // Martin Gruenberg & Paul Tucker on cross-border resolution capability

[EconOfContempt @EconOfContempt]

Also amusing: that Simon Johnson is still writing the same exact column he was writing when I took my hiatus http://t.co/5eO7rhmr

[EconOfContempt @EconOfContempt]

I like how some bankers are STILL pretending to be shocked that the Fed wants to regulate foreign banks' US activities http://t.co/onbzTGyP