Juris Vodcast » Securities Law

Dark Pools and Systemic Risk

Scott F. Pearce, Esq. — Tue, 15 Dec 2009 04:24:31 +0000

$13 Trillion and Counting

Scott F. Pearce, Esq. — Thu, 21 May 2009 03:06:56 +0000

The price tag for the Wall Street bailout is about $13 trillion!

Obama’s Budget: Criminally Insane

Scott F. Pearce, Esq. — Wed, 04 Mar 2009 01:01:24 +0000

The President’s new budget for 2010 is obscene. Half of it will be borrowed money, and an unconscionable amount of money is about to be wasted on violence and on socializing private losses of shareholders and bondholders. It’s a disaster.

The First Black President Hoover

Scott F. Pearce, Esq. — Tue, 24 Feb 2009 18:53:33 +0000

Good Money After Bad

Scott F. Pearce, Esq. — Sun, 18 Jan 2009 05:49:37 +0000

Everybody agrees that the banking system is in trouble. The incoming Obama team and some European governments want to take toxic assets off of private bank balance sheets. This will be incredibly expensive and there’s no reason to think it has much chance of success.

There’s no reason to save a corrupt, failed system. The big banks should be nationalized. The Federal Reserve should be modified according to the terms of the American Monetary Act. This is legislation I discussed on this website late last August.

A Bridge Loan to Nowhere

Scott F. Pearce, Esq. — Sat, 20 Dec 2008 01:48:23 +0000

Today the President announced a $17.4 billion “loan” to the US automobile industry. Not only is this a cruelly cynical move, it’s both bad business and bad government.

Hundreds of thousands of workers are going to be put out of work. They deserve help from the government to move into more useful, viable industries. Read about this latest bailout here.

No Bad Deed Goes Unrewarded

Scott F. Pearce, Esq. — Sun, 14 Dec 2008 01:17:21 +0000

It’s amazing that we’re debating whether or not to bail out the US car companies. They’re insolvent! They’ve got to reorganize, pursuant to the bankruptcy laws. Any other approach rewards unsuccessful managers. Both the Democrats and Republicans were prepared to bail out management teams that have failed in the free market. The only difference is that the Republicans wanted the auto workers to accept a drastic cut in their standard of living as a precondition to a deal. Impoverishing workers is no way to reinvigorate a consumer-driven economy!

Meanwhile, Bloomberg reports that the Fed has issued Two Trillion Dollars of emergency loans, but the Fed won’t disclose the borrowers or the collateral. This cloak of secrecy wouldn’t be necessary if the transactions were honest.

Obama: Corporate Militarist

Scott F. Pearce, Esq. — Tue, 02 Dec 2008 21:17:46 +0000

Meet the new boss, same as the old boss.

Hope is one of the most powerful drugs, but it’s no substitute for progressive change. Our new President is dedicated to preserving a corrupt system. The US military is deploying in the USA. The government is going to bail out creditors instead of debtors. Get ready for a rough ride.

The $8.5 Trillion Suicide Note

Scott F. Pearce, Esq. — Sat, 29 Nov 2008 06:54:32 +0000

The incoming Obama administration agrees with Bush that we should bail out the lenders instead of the borrowers.

It isn’t going to end well.

Economic Sanity from the FDIC

Scott F. Pearce, Esq. — Sun, 26 Oct 2008 07:14:40 +0000

The Federal Deposit Insurance Corporation (FDIC) wasn’t in the public eye until the banks started to fail. Sheila Bair is the Chair of the FDIC. She was appointed by President Bush, but don’t hold it against her. Ms Bair is a Republican who believes the FDIC should be a consumer protection agency. She has fought for borrowers instead of lenders, and she wants the big banks to lose the freedom to calculate their own capital requirements.

Read more about Sheila Bair here here here and here.