{"id":5753,"date":"2012-10-15T19:39:22","date_gmt":"2012-10-15T23:39:22","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=5753"},"modified":"2012-10-15T19:39:22","modified_gmt":"2012-10-15T23:39:22","slug":"5-steps-obama-or-romney-must-take-to-fix-wall-street","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/15\/5-steps-obama-or-romney-must-take-to-fix-wall-street\/","title":{"rendered":"5 Steps Obama or Romney Must Take to Fix Wall Street"},"content":{"rendered":"<p>By SUZANNE MCGEE<\/p>\n<blockquote><p>In [Sheila Bair&#8217;s] view &#8230;.. we haven\u2019t yet come to grips with many of the problems that produced the crisis.<\/p>\n<p>Too many regulators fall victim to one of several fatal flaws, Bair suggested in a speech to the National Association for Business Economics yesterday. Some of them over or under-regulate (usually at the wrong point in the cycle); they devise impossibly complex rules; they are \u201ccloset free-marketeers\u201d proposing convoluted rules to prove it\u2019s impossible to regulate financial institutions, or they are \u201ccaptive\u201d regulators who, without any corruption or malfeasance involved, have simply subordinated their judgment to those of the organizations they are charged with overseeing.<\/p><\/blockquote>\n<p>The former chair of the Federal Deposit Insurance Corporation suggests five steps that presidential candidates should take to fix Wall Street&#8230;&#8230;&#8230;<\/p>\n<p>via <a href=\"http:\/\/www.thefiscaltimes.com\/Columns\/2012\/10\/15\/5-Steps-Obama-or-Romney-Must-Take-to-Fix-Wall-Street.aspx#page1\">5 Steps Obama or Romney Must Take to Fix Wall Street<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By SUZANNE MCGEE In [Sheila Bair&#8217;s] view &#8230;.. we haven\u2019t yet come to grips with many of the problems that produced the crisis. Too many regulators fall victim to one of several fatal flaws, Bair suggested in a speech to the National Association for Business Economics yesterday. Some of them over or under-regulate (usually at &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/15\/5-steps-obama-or-romney-must-take-to-fix-wall-street\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;5 Steps Obama or Romney Must Take to Fix Wall Street&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,34],"tags":[331,879,2089,2956,3434],"class_list":["post-5753","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","category-us-canada-countries-regions","tag-bailouts","tag-credit-derivatives-speculation","tag-leverage","tag-revolving-door","tag-too-big-to-fail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>5 Steps Obama or Romney Must Take to Fix Wall Street - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Steps Obama or Romney Must Take to Fix Wall Street - the patient investor\" \/>\n<meta property=\"og:description\" content=\"By SUZANNE MCGEE In [Sheila Bair&#8217;s] view &#8230;.. we haven\u2019t yet come to grips with many of the problems that produced the crisis. Too many regulators fall victim to one of several fatal flaws, Bair suggested in a speech to the National Association for Business Economics yesterday. Some of them over or under-regulate (usually at &hellip; Continue reading &quot;5 Steps Obama or Romney Must Take to Fix Wall Street&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/15\/5-steps-obama-or-romney-must-take-to-fix-wall-street\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-10-15T23:39:22+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/10\\\/15\\\/5-steps-obama-or-romney-must-take-to-fix-wall-street\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/10\\\/15\\\/5-steps-obama-or-romney-must-take-to-fix-wall-street\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"5 Steps Obama or Romney Must Take to Fix Wall Street\",\"datePublished\":\"2012-10-15T23:39:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/10\\\/15\\\/5-steps-obama-or-romney-must-take-to-fix-wall-street\\\/\"},\"wordCount\":151,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"keywords\":[\"bailouts\",\"credit derivatives speculation\",\"leverage\",\"revolving door\",\"too-big-to-fail\"],\"articleSection\":[\"Banks &amp; Interest Rates\",\"US &amp; Canada\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/10\\\/15\\\/5-steps-obama-or-romney-must-take-to-fix-wall-street\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/10\\\/15\\\/5-steps-obama-or-romney-must-take-to-fix-wall-street\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/10\\\/15\\\/5-steps-obama-or-romney-must-take-to-fix-wall-street\\\/\",\"name\":\"5 Steps Obama or Romney Must Take to Fix Wall Street - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"datePublished\":\"2012-10-15T23:39:22+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/10\\\/15\\\/5-steps-obama-or-romney-must-take-to-fix-wall-street\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/10\\\/15\\\/5-steps-obama-or-romney-must-take-to-fix-wall-street\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/10\\\/15\\\/5-steps-obama-or-romney-must-take-to-fix-wall-street\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"5 Steps Obama or Romney Must Take to Fix Wall Street\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\\\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.\",\"sameAs\":[\"https:\\\/\\\/facebook.com\\\/people\\\/The-Patient-Investor\\\/61572934660810\\\/\",\"https:\\\/\\\/www.instagram.com\\\/colin_thepatientinvestor\",\"https:\\\/\\\/au.linkedin.com\\\/in\\\/colintwiggs\"],\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/author\\\/investor\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"5 Steps Obama or Romney Must Take to Fix Wall Street - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"5 Steps Obama or Romney Must Take to Fix Wall Street - the patient investor","og_description":"By SUZANNE MCGEE In [Sheila Bair&#8217;s] view &#8230;.. we haven\u2019t yet come to grips with many of the problems that produced the crisis. Too many regulators fall victim to one of several fatal flaws, Bair suggested in a speech to the National Association for Business Economics yesterday. 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Many argue that the new rules will harm their competiveness. Jamie Dimon, the chief executive of JPMorgan, raised the ominous specter that global rules are out of \u201charmonization\u201d and that United States banks are now held\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11123,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/15\/jean-tirole-how-to-regulate-monopolies\/","url_meta":{"origin":5753,"position":1},"title":"Jean Tirole: How to regulate monopolies","author":"ColinTwiggs","date":"October 15, 2014","format":false,"excerpt":"Catherine De Fontenay and Sven Feldmann discuss Nobel prize-winner Jean Tirole's work on how to regulate monopolies: If the regulator imposes a rigid price cap, the firm has an incentive to operate efficiently and minimise costs; but since the regulator does not know the firm\u2019s overall costs, the firm may\u2026","rel":"","context":"In &quot;Economic Theory&quot;","block_context":{"text":"Economic Theory","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/economic-theory\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4627,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/06\/17\/regulators-weigh-easing-of-global-bank-rules-wsj-com\/","url_meta":{"origin":5753,"position":2},"title":"Regulators Weigh Easing of Global Bank Rules &#8211; WSJ.com","author":"Colin Twiggs","date":"June 17, 2012","format":false,"excerpt":"Following months of intense industry pressure, regulators say they now plan to make it easier for banks to comply with a key provision of new international banking rules that will require lenders to maintain sufficiently deep pools of safe, liquid assets\u2014like cash and government bonds\u2014that can survive market meltdowns and\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5897,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/29\/five-steps-to-fix-wall-street\/","url_meta":{"origin":5753,"position":3},"title":"Five steps to fix Wall Street","author":"Colin Twiggs","date":"October 29, 2012","format":false,"excerpt":"Some more thoughts on the five steps former FDIC chair Sheila Bair suggested to reform the financial system. Break up the \u201ctoo big to fail\u201d banksMy take is that breaking up may be difficult to achieve politically, but raising capital ratios for banks above a certain threshold would discourage further\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4511,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/31\/bair-regulators-should-tighten-volcker-rule-wsj-com\/","url_meta":{"origin":5753,"position":4},"title":"Bair: Regulators Should Tighten Volcker Rule &#8211; WSJ.com","author":"Colin Twiggs","date":"May 31, 2012","format":false,"excerpt":"Jamila Trindle: Regulators should push derivatives out of federally backed banks and tighten the Volcker rule, former Federal Deposit Insurance Corp. Chairman Sheila Bair said Thursday.\"Don't let insured deposits fund that activity,\" Ms. Bair said at a roundtable on the Volcker rule held by staff of the Commodity Futures Trading\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1457,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/22\/regulators-seize-main-pmi-subsidiary-wsj-com\/","url_meta":{"origin":5753,"position":5},"title":"Regulators Seize Main PMI Subsidiary &#8211; WSJ.com","author":"ColinTwiggs","date":"October 22, 2011","format":false,"excerpt":"The main subsidiary of mortgage insurer PMI Group Inc. has been seized by insurance regulators in Arizona, and will begin paying just 50% of claims beginning Monday, according to its website...... Mortgage insurers have suffered from billions of dollars in losses on policies they sold in the years just before\u2026","rel":"","context":"In &quot;US &amp; Canada&quot;","block_context":{"text":"US &amp; Canada","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/us-canada-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=5753"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5753\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=5753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=5753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=5753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}