Dodd-Frank
This is the third of several papers examining the underlying validity of the assertion that regulation of the financial markets is unduly burdensome. These papers assert that the value of the financial markets is often mis-measured. The efficiency of the market in intermediating flows between...
06/13/2013
Publication
Imagine that you're trying to make an extremely complicated decision. You want to understand the facts and do the right thing. At one ear, you have someone -- perhaps a former colleague -- who whispers you highly detailed advice six times a day, cajoling and pleading. At the other ear, is someone...
06/05/2013
Blog
Last night, the Senate Permanent Subcommittee on Investigations released a searing 300-page report on JP Morgan Chase’s London Whale episode. The bank lost at least $6.2 billion through trading credit derivatives in a business unit tasked with reducing firm-wide risk, the Chief Investment...
03/15/2013
Blog
My name is Wallace Turbeville. I am a Senior Fellow at Demos, a national public policy organization working to reduce political and economic inequality, advancing a vision of a country where we all have an equal say in our democracy and an equal chance in our economy. I am testifying today on...
03/14/2013
Publication
This is the second of a series of articles, entitled “The Financial Pipeline Series”, examining the underlying validity of the assertion that regulation of the financial markets reduces their efficiency. These articles assert that the value of the financial markets is often mis-measured. The...
03/07/2013
Publication
President Obama’s call for Americans to stay engaged has rightly been taken to refer to issues high on the public’s agenda, such as gun control and immigration reform. Essentially, the President is saying that reform reflective of the country’s most broadly held values can...
01/22/2013
Blog
This is the first article in the “Financial Pipeline Series,” which will examine the underlying validity of the assertion that regulation of the financial markets reduces their efficiency. These articles point out that the value of the financial markets to the real economy is often mis-...
12/05/2012
Publication
One of the most visible signs of climate change was last summer’s prolonged extreme drought. Over eighty percent of the corn and soybean crops were impacted. Not surprisingly, we saw record food prices globally. Price increases due to drought are easy to understand given the reduction in crop...
11/13/2012
Blog
Now that we know that the President will not be someone who pledged openly to repeal Dodd-Frank, it's time to look forward to the agenda for the next four years. One thing is certain: the job of reforming Wall Street is far from finished. The most profitable investments for the big banks continue...
11/12/2012
Blog
Wallace Turbeville, former vice president of Goldman Sachs and senior fellow at Demos, discusses the case brought by New York Attorney General Eric Schneiderman against JPMorgan Chase for fraud at Bear Stearns, which JPMorgan purchased in 2008. The case “marks the most direct action to date...
10/09/2012
Video
