tag:blogger.com,1999:blog-2611021408437270881.post3498513085664445311..comments2024-03-18T23:59:39.885-07:00Comments on Skeptical CPA: Pimco, the New Vampire SquidIndependent Accountanthttp://www.blogger.com/profile/07800220849565219709noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2611021408437270881.post-19006505813572444382010-01-24T19:38:16.089-08:002010-01-24T19:38:16.089-08:00Anonymous:
If you want to see how the "system...Anonymous:<br />If you want to see how the "system" really works, read C. Walton Hamilton's "Politics of Industry", 1957. You'll be surprised.<br /><br />IAIndependent Accountanthttps://www.blogger.com/profile/07800220849565219709noreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-5670097485140032962010-01-24T18:17:18.697-08:002010-01-24T18:17:18.697-08:00It's really remarkable how easily regulators a...It's really remarkable how easily regulators are "captured"... <b>even state regulators</b>.<br /><br />A fundamental issue with problems in mark-to-market accounting, capital adequacy, liquidity and fiduciary issues is the lack of transparency in over-the-counter markets. <br /><br />If Congress and other national governments insisted on the transparent reporting of securities many of these "dark" problems would be dissolved by the markets. Instead we get Vampire Squid, JPMC, Pimco, the Fed and a few other gianticious entities controlling the financial markets and indirectly the economy.<br /><br />These giant firms have created the "stability of oligopoly"...Anonymousnoreply@blogger.com