Linkfest: SEC’s broken windows theory; Banks squawk as leverage regs require $68b in new capital; Beta-adjusted, is Buffett beating S&P?

Categories: Linkfest

Today’s most shared:

  • Does SEC police Wall Street ‘broken windows’ at street level and ignore highway robbery?
  • Big banks must add up to $68b in capital as new regulatory capital rule is adopted.
  • Warren Buffett has underperformed S&P in last 5 years, but is he still beating it on a risk-adjusted basis?
  • Preferences of economic elites found 15 times more important in determining policy outcomes than general public opinion.
  • Capex is lagging for this stage of the recovery, and long workweeks suggest hiring, two reasons recession not likely imminent.
  • Why is that tiny padlock in my browser being picked by a tiny Hamburglar?

The Best SEC Speech Ever
bloombergview.com
What’s wrong with the Securities and Exchange Commission? A retiring SEC trial attorney used his going-away speech to explain.
shared by @ThemisSal, @JohnLothian, @nasiripour, Reformed Broker, @bobivry
 
The SEC’s Internal Battles over Goldman Sachs Probe
americanlawyer.com
Lawyer on SEC’s Tourré case thinks higher-ups should have been sanctioned.
shared by @LaurenLaCapra, @retheauditors, @louisestory, @fiatcurrency
 
Banks Ordered to Add Capital to Limit Risks
New York Times
The requirement could force the eight biggest banks in the United States to find as much as an additional $68 billion to put their operations on firmer financial footing, according to regulators’ estimates.
shared by @MarkThoma, @JohnLothian, Crossing Wall Street, @MattGoldstein26
 
Big U.S. banks must boost capital by $68 billion under new rules
Reuters
The eight biggest U.S. banks must boost capital levels by a total of about $68 billion under new rules, U.S. regulators said on Tuesday, prompting industry complaints.
shared by @fiatcurrency, Economy Watch, @JohnLothian, @HamzeiAnalytics, @pdacosta
 
NY Times is Dead Wrong About Warren Buffett
insidermonkey.com
I am not a member of a "Warren Buffett cult" that thinks Warren Buffett is an investing God. I admire Warren Buffett for the right reasons.
shared by @felixsalmon, Crossing Wall Street, Reformed Broker
 
Rich people rule!
Washington Post
Political science is zeroing in on the political impact of economic power in America, and the results are not edifying.
shared by Naked Capitalism, @Richard_Florida, @interfluidity, @crampell
 
Goldman Sachs mulls shutting down dark pool
Wall Street Journal
Goldman Sachs Group Inc. is considering shutting down one of the world’s largest private stock-trading venues, according to people familiar with the matter.
shared by @carney, NYT Dealbook, @JacobWolinsky, @Dvolatility, @ThemisSal, @Dasan
 
Explainer: Why is deflation so harmful?
CBS News
Falling prices can lead to several problems that can quickly compound, resulting in a downward economic spiral.
shared by @MarkThoma, reddit/Economics, @NickTimiraos
 
Greece planning to issue its first long-term bond since bailout on Wednesday, say sources
Wall Street Journal
Greece is planning to issue its first long-term bond since its international bailout on Wednesday, according to two people familiar with the matter.
shared by @LemaSabachthani, @TheStalwart, @jsphctrl, @TheIntuitInvest, @gusbaratta
 
Flaw Found in Key Method for Protecting Data on the Internet
New York Times
The tiny padlock next to web addresses that promised to protect sensitive information is broken, a team of security researchers has discovered. Experts are examining how best to secure their users’ confidential data.
shared by @MParekh, @PreetaTweets, @moorehn, @TimOBrien
 
The @GSElevator Guy Gets Tipsy and Talks Sorkin, Book Deal
NY Observer
John LeFevre is @GSelevator. He is also a family man, fly fisherman and soon-to-be-published author.
shared by @felixsalmon, @carney, @LaurenLaCapra, @JacobWolinsky
 

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