• 22 Jul 2009 at 12:12 PM

Single Regulator To Solve Systemic Risk

By

To solve the problem of a single systemically critical firm potentially bringing down the rest of the economy, SEC Chairwoman Mary Schapiro believes a single systemic-risk regulator should do the trick. While a group of regulators will be involved in creative guesswork to set standards for,”liquidity, capital and risk-management practices” for large financial firms, it will be up to the systemic risk gatekeepers to determine when to force companies to sell assets or cease business. Should this stroke of genius come into being, the government will have pulled off the impossible. It will have successfully transferred the fate of systemic risk mitigation to the only group of people currently trusted less than risk management groups at banks- the government itself.

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    Comments (13)

    1. 1
      Posted by merkin capital partners | July 22, 2009 at 12:16 PM

      Bernanke should address this mumbling boob as “Tojo”.

    2. 2
      Posted by guest | July 22, 2009 at 12:21 PM

      If I was the Beard, I would address him as “Macaca”.

    3. 3
      Posted by guest | July 22, 2009 at 12:28 PM

      Nice zinger at the end there, Greg.

    4. 4
      Posted by guest | July 22, 2009 at 12:32 PM

      That’s just what we need – make the average Joe less nervous about systemic risk. How about a little more Caveat Emptor instead?

    5. 5
      Posted by guest | July 22, 2009 at 12:34 PM

      Do you not like pictures, Greg? Do you have something against them?

    6. 6
      Posted by guest | July 22, 2009 at 12:42 PM

      @5 its unfortunate Greg does not feel the same way about words as he does pictures

    7. 7
      Posted by guest | July 22, 2009 at 12:44 PM

      Greg,
      Thank you for helping me apply my ointments last night after my labial reconstructive surgery. I feel much better today.
      Love,
      Mom

    8. 8
      Posted by HeadlessHorseman | July 22, 2009 at 1:05 PM

      @5
      After months of being berated on a consistent basis for his ill-conceived misapplications of clip art, Greg has now evolved into an unapologetic picture bigot.
      Still, this was a solid post.

    9. 9
      Posted by guest | July 22, 2009 at 1:18 PM

      greg use the return key once in a while it makes your stuff more readible

    10. 10
      Posted by guest | July 22, 2009 at 1:22 PM

      Greg – Use the backspace key more often (and by more often I’m suggesting always). Will make your posts and therefore your existence much less painful

    11. 11
      Posted by guest | July 22, 2009 at 1:22 PM

      Greg – Use the backspace key more often (and by more often I’m suggesting always). Will make your posts and therefore your existence much less painful

    12. 12
      Posted by guest | July 22, 2009 at 1:36 PM

      suggestion for a final post, Greg: “government bad.” that’s about all you’ve got, so spare us the iterations.

    13. 13
      Posted by guest | July 22, 2009 at 2:30 PM

      Greg,
      Where’s the polling data? Pulled it out of your ass?

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