Posts by Wallace Turbeville

US stock prices opened trading much higher today after yesterday’s rout and the rout the day before that and the rout the day before that. European markets were up also. The Chinese markets, which...
August 26, 2015 | Wallace Turbeville
In an op-ed for The New York Times, Professor Victor Fleischer of the University of San Diego School of Law advocated minimum annual payouts from university endowments to reduce tuition and increase...
August 21, 2015 | Wallace Turbeville
Five years ago on July 16, 2010, Congress enacted the Dodd-Frank Act. It promised unprecedented regulation of the financial sector so that the devastation of the 2008 financial crisis that was...
July 20, 2015 | Wallace Turbeville
Now we get to marvel at the story of Navinder Singh Sarao, the most recent financial market miscreant who almost got away with millions. He was operating a pop up high frequency trading operation out...
April 27, 2015 | Wallace Turbeville
The talk around Wall Street is that profits at the trading desks of the big banks are down and that regulations are to blame. There may be some truth to that, at least to the extent that transparency...
March 5, 2015 | Wallace Turbeville
How nice to start a week with Paul Krugman and Larry Summers agreeing with things you have been saying for months. The Demos report, Financialization and Equal Opportunity, looks to the financial...
February 25, 2015 | Wallace Turbeville
Last week’s New York Times reported that the Hillary Clinton campaign has tapped more than 200 experts to solve a problem: how to address the public’s anger over income and wealth inequality without...
February 17, 2015 | Wallace Turbeville
Eric Holder and his team announced a $1.4 billion settlement with Standard & Poor’s regarding its ratings of mortgage backed securities and its role in the crash of 2008. There is no question of...
February 4, 2015 | Wallace Turbeville