Wall Street
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
Panelists at the annual Corporate Crime Reporter Conference in Washington, D.C. Friday said they were concerned that the Justice Department is abandoning full criminal prosecutions of financial industries in favor of Deferred and Non Prosecution Agreements (DPAs and NPAs), which usually involve a...
05/06/2013
Blog
On March 15, 2013, the Senate’s Permanent Subcommittee on Investigations held hearings on the London Whale scandal. The indomitable and indefatigable Chairman Carl Levin, ably supported by the brilliant committee chief of staff, Elise Bean, took on six JP Morgan Chase (“JPMC”) current and former...
03/18/2013
Publication
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
New York, NY – On the heels of the introduction of the “Wall Street Speculator Tax” in Congress, national policy center Demos released a new report showing how the rise of high frequency trading (HFT) comes at a massive cost to the real economy, despite Wall Street’s claims to the contrary. “Cracks...
03/08/2013
Press Release
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
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
NEW YORK – Today, national public policy organization Demos is launching “New Rules for Wall Street,” a week-long PolicyShop.net blog series calling for a strong second-term financial regulation agenda that would advance the overdue rules sought by the Dodd-Frank Act and promote further good rule-...
11/12/2012
Press Release
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
