The Sunshine Report

Veritas Financial Partners
Information about finance, the economy and business. Entertaining and informative. Seeking Alpha Certified Mark Sunshine Chairman & CEO

Category Archive: REGULATION

  1. Wall Street Throws A Party But No Customers Show Up

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    Imag­ine throw­ing a party for your best cus­tomers and none of them show up. What would you think about your future?

    Well, about a week ago at a Miami Beach asset-backed secu­ri­ties con­fer­ence, Wall Street pro­fes­sion­als invited their best insti­tu­tional bond cus­tomers to a cool South Beach party and almost no one showed up.

    Wall Street is loos­ing its rel­e­vance and becom­ing a dinosaur. Its busi­ness sim­ply can­not exist with­out cus­tomers. Unless it fun­da­men­tally reforms, and quickly, an entire gen­er­a­tion of bankers and finance pro­fes­sion­als will find that they are no longer rel­e­vant. [read full story]

    Posted in: BANKS, Credit Crisis, economy, Finance, Goldman Sachs, Merrill Lynch, Public Policy, REGULATION, Securitization

  3. Congressman Ryan, Should Predatory Pricing Cartels Really Run Health Care?

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    The med­ical insur­ance game is rigged. Med­ical insur­ance com­pa­nies have spe­cial legal pro­tec­tions that pro­mote anti-competitive behav­ior. Since 1944 they have been exempt from vir­tu­ally all the anti-trust laws that apply to other indus­tries and under­pin the foun­da­tion of our national economy.

    Under the terms of the insur­ance exemp­tion, health insur­ance com­pa­nies can col­lude with one another, fix prices, rig bids and form car­tels. Preda­tory pric­ing by health insur­ance com­pa­nies is OK. These prac­tices — nor­mally ille­gal under fed­eral anti-trust reg­u­la­tion— are pro­tected by law.

    Even worse, health insur­ance com­pa­nies don’t have to worry about being sued if they hurt some­one — they aren’t sub­ject to tort lia­bil­ity and as a prac­ti­cal mat­ter can’t be sued for mess­ing up a claim or deny­ing cov­er­age. [read full story]

    Posted in: economy, Finance, Fiscal Policy, Forbes, Medicare, Paul Ryan, Public Policy, REGULATION

  4. Fed Has Power To Pop Commodity Bubble

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    I don’t know about you, but I’m fed up with being a vic­tim of Wall Street spec­u­la­tors who are dri­ving food and fuel prices up through the roof. The recent plunge in com­modi­ties prices con­firms what every­one knew all the time — infla­tion is being dri­ven by com­modi­ties spec­u­la­tors who are prof­it­ing from every­one else’s col­lec­tive mis­ery. [read full story]

    Posted in: commodities, economy, Finance, Inflation, Public Policy, REGULATION

  5. Congressman Ryan, I Don’t Want To Be A Lab Rat

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    Dear Con­gress­man Ryan,

    Please explain your Medicare plan to me and my wife. We are in our early fifties and are con­cerned about how your changes to Medicare will affect us. We know that Wash­ing­ton can seem dis­con­nected from the real world but, for peo­ple of our age, your plan to do away with Medicare is very real.

    Get­ting rid of Medicare feels like a free mar­kets exper­i­ment to us and nei­ther of us wants to be a “lab rat” for a social and eco­nomic exper­i­ment gone awry. Lab rats are usu­ally expend­able and we don’t want to be part of a dis­carded gen­er­a­tion. [read full story]

    Posted in: Finance, Fiscal Policy, Forbes, Medicare, Politics, Public Policy, REGULATION

  7. Obstacles To Small Business Lending

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    On Jan­u­ary 13th I attended the FDIC Small Busi­ness Forum titled Over­com­ing Obsta­cles to Small Busi­ness Lend­ing and got an extra­or­di­nary glimpse into why many small busi­nesses are miss­ing the recov­ery.  Even though the forum pan­elists agreed that “what’s good for small busi­ness is good for Amer­ica”, they had few ideas about how to ener­gize […] [read full story]

    Posted in: BANKS, Bernanke, Credit Crisis, economy, Finance, Public Policy, REGULATION, Regulatory Reform, SBA, Small Business Lending

  9. Wall Street’s Fatal Defect — Republished From The Huffington Post

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    The fate of Fred­die Mac and Fan­nie Mae will be cen­ter stage in Jan­u­ary when the Obama admin­is­tra­tion makes its required Con­gres­sional rec­om­men­da­tions about what to do about the two com­pa­nies. The stakes for home­own­ers and the econ­omy couldn’t be higher as the next Con­gres­sional ses­sion will deter­mine if the U.S. has a pri­vate mort­gage mar­ket or if, by con­trol­ling hous­ing finance, gov­ern­ment bureau­crats will be able to direct where Amer­i­cans live and how much they pay for hous­ing. [read full story]

    Posted in: BANKS, Fannie Mae, Finance, Freddie Mac, housing crisis, Mortgage, Public Policy, REGULATION, Regulatory Reform

  10. It’s Not Too Late For Congress To Fix The Derivatives Market

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    The finan­cial reform leg­is­la­tion that passed the House last week doesn’t fix the deriv­a­tives mar­ket but there is still time to make it right. The Sen­ate hasn’t passed its ver­sion of the bill and all Sen­a­tors need to do is include a pro­vi­sion stop­ping the Fed­eral gov­ern­ment from pre­vent­ing enforce­ment of state and local crim­i­nal […] [read full story]

    Posted in: BANKS, Credit Crisis, Credit Default Swaps, economy, Finance, Politics, Public Policy, REGULATION, Regulatory Reform
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