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Dennis Kelleher, co-founder and CEO of Better Markets, joins Boxes and Lines for a no-holds-barred conversation on the state of financial regulation. By the end, Ronan may or may not have entered a mild fugue state.
Read the Better Markets report here.------------------Fraud in America is made possible by the generous donation of Getnick Law, a boutique Manhattan law firm dedicated to fighting fraud and promoting business integrity.------------------Fraud in America Social Links
As President-elect Donald Trump prepares to take office, reports from CNN have emerged that his allies are considering shrinking or even closing the Federal Deposit Insurance Corporation (FDIC), sparking widespread concern from financial experts. The FDIC insures deposits up to $250,000 per account, acting as a critical safety net funded by bank premiums rather than taxpayer dollars. Critics of the proposal include Patricia McCoy, a former legal regulator, who warns that eliminating or weakening the FDIC could erode trust in the banking system and spark bank runs. Dennis Kelleher, CEO of Better Markets, called the idea "one of the dumbest ideas" ever proposed, noting the FDIC's pivotal role during the 2008 financial crisis. While the plan aligns with the Conservative Project 2025 agenda, analysts believe Congress is unlikely to back such a move, citing the FDIC's vital role in protecting America's financial stability. Learn more about your ad choices. Visit megaphone.fm/adchoices
Today we're talking about a breakout story of this election cycle: the rise of prediction markets and betting on elections. For the first time in a century, Americans can legally place bets on election outcomes using a platform called Kalshi. But the Commodity Futures Trading Commission warns that these markets could warp the public’s understanding of our elections if they’re treated like polls. On this Election Day episode, Cantrell Dumas of Better Markets, a financial reform advocacy group, explains how Americans are dabbling in election betting, the legal questions surrounding these prediction markets, and why he believes manipulation of these markets has the potential to sway elections. Then, we’ll dig into the history of the “I Voted” sticker and hear a perfect poem for Election Day. Plus, a listener shares what moving abroad taught them about the U.S. voting system. Here’s everything we talked about today: “Election betting is newly legal — and risks getting confused with polls” from NBC News “Exclusive: Election betting site Polymarket gives Trump a 67% chance of winning but is rife with fake ‘wash' trading, researchers say” from Fortune Crypto “Cryptoverse: U.S. election speculators play the prediction markets” from Reuters “Wall Street regulator moves to ban election betting, escalating fight over new market” from Politico “The Case for Legalizing Political Betting” from the Cato Institute “How ‘I Voted’ Stickers Became an Election Day Staple” from Business Insider We want to hear your answer to the Make Me Smart question. Leave us a voicemail at 508-U-B-SMART or email us at makemesmart@marketplace.org.
Today we're talking about a breakout story of this election cycle: the rise of prediction markets and betting on elections. For the first time in a century, Americans can legally place bets on election outcomes using a platform called Kalshi. But the Commodity Futures Trading Commission warns that these markets could warp the public’s understanding of our elections if they’re treated like polls. On this Election Day episode, Cantrell Dumas of Better Markets, a financial reform advocacy group, explains how Americans are dabbling in election betting, the legal questions surrounding these prediction markets, and why he believes manipulation of these markets has the potential to sway elections. Then, we’ll dig into the history of the “I Voted” sticker and hear a perfect poem for Election Day. Plus, a listener shares what moving abroad taught them about the U.S. voting system. Here’s everything we talked about today: “Election betting is newly legal — and risks getting confused with polls” from NBC News “Exclusive: Election betting site Polymarket gives Trump a 67% chance of winning but is rife with fake ‘wash' trading, researchers say” from Fortune Crypto “Cryptoverse: U.S. election speculators play the prediction markets” from Reuters “Wall Street regulator moves to ban election betting, escalating fight over new market” from Politico “The Case for Legalizing Political Betting” from the Cato Institute “How ‘I Voted’ Stickers Became an Election Day Staple” from Business Insider We want to hear your answer to the Make Me Smart question. Leave us a voicemail at 508-U-B-SMART or email us at makemesmart@marketplace.org.
Today we're talking about a breakout story of this election cycle: the rise of prediction markets and betting on elections. For the first time in a century, Americans can legally place bets on election outcomes using a platform called Kalshi. But the Commodity Futures Trading Commission warns that these markets could warp the public’s understanding of our elections if they’re treated like polls. On this Election Day episode, Cantrell Dumas of Better Markets, a financial reform advocacy group, explains how Americans are dabbling in election betting, the legal questions surrounding these prediction markets, and why he believes manipulation of these markets has the potential to sway elections. Then, we’ll dig into the history of the “I Voted” sticker and hear a perfect poem for Election Day. Plus, a listener shares what moving abroad taught them about the U.S. voting system. Here’s everything we talked about today: “Election betting is newly legal — and risks getting confused with polls” from NBC News “Exclusive: Election betting site Polymarket gives Trump a 67% chance of winning but is rife with fake ‘wash' trading, researchers say” from Fortune Crypto “Cryptoverse: U.S. election speculators play the prediction markets” from Reuters “Wall Street regulator moves to ban election betting, escalating fight over new market” from Politico “The Case for Legalizing Political Betting” from the Cato Institute “How ‘I Voted’ Stickers Became an Election Day Staple” from Business Insider We want to hear your answer to the Make Me Smart question. Leave us a voicemail at 508-U-B-SMART or email us at makemesmart@marketplace.org.
**The Shadow of Sam Bankman-Fried: How Crypto's Lawlessness Influenced Washington**Sam Bankman-Fried, the former CEO of FTX, has left an indelible mark on the cryptocurrency world and the halls of Congress. His 25-year prison sentence for stealing $8 billion from FTX customers serves as a stark reminder of the crypto industry's vulnerabilities and the need for robust regulation.Bankman-Fried's influence extended far beyond his company's collapse. He spent "hundreds, probably thousands of hours" in Washington, D.C., lobbying regulators and lawmakers. His efforts included contributing tens of thousands of dollars to election campaigns, particularly those of the Senate Agriculture Committee members who were considering the Digital Commodities Consumer Protection Act (DCCPA).The DCCPA, which aims to give the Commodity Futures Trading Commission (CFTC) greater control over crypto markets, has been a focal point in the regulatory debate. However, critics argue that the bill lacks teeth in protecting customers from shady practices and that the CFTC might be the wrong agency to police it. Advocacy groups like Better Markets have raised concerns about the CFTC's ability to regulate the crypto market effectively, given its smaller size and perceived light-touch approach.CFTC Chairman Rostin Behnam has been under scrutiny for his interactions with Bankman-Fried. Senators Elizabeth Warren and Chuck Grassley have requested an accounting of all meetings and correspondence between Behnam and Bankman-Fried, highlighting the need for transparency in regulatory interactions.The collapse of FTX has led to a series of congressional hearings and investigations. The CFTC has launched a significant enforcement action, obtaining a $12.7 billion judgment against FTX and Alameda Research, with $8.7 billion in restitution and $4 billion in disgorgement. These actions underscore the regulatory challenges posed by the crypto industry and the need for comprehensive market regulation.In summary, Sam Bankman-Fried's influence on Washington has been multifaceted and far-reaching. His actions have highlighted the need for stronger regulations in the crypto industry, and ongoing investigations aim to hold him and his associates accountable for their egregious crimes. The legacy of FTX serves as a cautionary tale about the dangers of unregulated markets and the importance of robust oversight.
Part I: Professor Anthony Pickles (@polgambling), an expert on political gambling, does a deep dive into Keir Starmer and precisely how many seats Labour and the Conservatives are likely to win in UK's upcoming elections. Part II: Vegas bookmaker Alex Chan (@ianlazaran) explains how professional bettors are driving irrational odds in the VP markets. Part III: Pratik Chougule (@pjchougule) discusses why opponents of election betting have the upper hand in Washington. Timestamps 0:09: Pratik introduces segment on UK elections 2:01: Pratik introduces segment with Alex Chan on VP odds 3:17: Pratik introduces segment on event contract regulation 5:55: Segment on UK elections begins 6:12: Anthony's background 8:17: Keir Starmer's background 10:16: Starmer's odds of becoming Prime Minister 11:01: How many seats Conservatives and Labour will win 22:04: Why Sunak and the Conservatives are unlikely to make a comeback 28:37: Why Sunak called an early election 30:54: Labour seat totals 34:03: Right-wing bias in the markets? 36:59: Discussion of class politics 39:27: Segment with Chan begins 39:46: VP odds on Tulsi Gabbard and Vivek Ramaswamy 40:48: "Juice" in sportsbooks 41:46: Regulation segment begins 42:56: Incentives in the current CFTC rulemaking 45:00: Need for a counter-lobby on event contracts Follow Star Spangled Gamblers on Twitter: @ssgamblers Trade on Polymarket, the world's largest prediction market, at Polymarket.com
The CFTC has proposed a new rule that would restrict betting on election markets. Pratik Chougule and Mick Bransfield do a deep dive into the CFTC's deliberations. Timestamps 0:00: Introduction 6:11: Interview with Bransfield begins 8:50: CFTC Chairman Rostin Behnam is spending political capital on the issue 10:14: What is rulemaking? 11:24: Behnam's statement 11:48: Concerns about CFTC staff time on election contracts 14:25: Conflict of interest accusations against Kristin Johnson 17:34: Senator Tommy Tuberville's involvement 20:02: Goldsmith-Romero's views 25:13: Mersinger's dissent 27:38: Pham's dissent 31:10: Discord at the CFTC 32:01: Questions about CFTC enforcement 35:41: CFTC's power and resources 37:58: Behnam's political ambition 41:06: Pratik's critique of Mersinger's dissent 45:12: Pratik's impressions from attending CFTC meeting in person Trade on Polymarket, the world's largest prediction market, at polymarket.com Attend Manifest, a festival celebrating predictions, markets, and mechanisms, hosted by Manifold Markets. June 7-9 at Lighthaven Campus, Berkeley, CA. Tickets are available at https://www.manifest.is/#tickets. Use the discount code SSG10 to get 10% of the ticket price.
Bloomberg Intelligence ETF analysts James Seyffart and Eric Balchunas break down the spot Bitcoin ETF launch timeline, plus analyze the already ruthless fee war.Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.It's set to be a historic week in crypto, with the SEC widely expected to finally approve a spot Bitcoin ETF, although it's not a 100% certainty. Two Bloomberg analysts who have followed all the developments closely since the beginning, James Seyffart and Eric Balchunas, join Unchained to discuss the final filings, the likely to schedule, and whether all the applications are likely to be approved on the same day. Then they dive into the real action: the cutthroat wars that have already begun, why Grayscale might be keeping its fees on the Grayscale Bitcoin Trust so high, and who the likely winners in what has traditionally been a “winner take most” category will be. Show highlights:What the recent 19b-4 and S-1 filings say about how close the ETFs are to approvalWhether Hashdex's existing futures ETF impacts its treatment in the spot Bitcoin ETF processThe likely timeline for trading to start post-ETF approvalThe possibility of simultaneous launches for all approved ETF issuersThe SEC's concerns about ensuring a fair launch, informed by the BITO experienceEric's surprise at JP Morgan's involvement as an Authorized ParticipantWhy the SEC is approving the ETF despite Gensler's stance against cryptoWhat extreme cases Eric believes might cause the ETF not to be approved How BlackRock's low fees set a challenging benchmark for competitorsThe potential for an issuer to offer even lower fees than current playersHow issuer margins are thin due to marketing fees, and the impact of waiversJames' theory about why Grayscale might be keeping the fee on GBTC so highPredictions about which issuer(s) will gain the bulk of assets under managementThe rumor about BlackRock introducing substantial liquidity on the ETF's first dayEric and James's expectations for ETF inflows and market dynamicsThank you to our sponsors! Arbitrum Foundation | Popcorn NetworkGuest:James Seyffart, Research analyst at Bloomberg IntelligencePrevious appearances on Unchained:Why the SEC May Want Cash Creation of Spot Bitcoin ETFsWhy It Looks Like BlackRock Could Win America's First Spot Bitcoin ETFWhy a Spot Bitcoin ETF Will Probably Launch No Later Than January 10Eric Balchunas, Senior ETF analyst at Bloomberg IntelligencePrevious appearances on Unchained:Will a Spot Bitcoin ETF Finally Get Approved?LinksPrevious coverage of Unchained on spot Bitcoin ETFs:The 4 Factors That Will Determine Which Spot Bitcoin ETFs Win Market ShareHow Much Money Will Flow Into Bitcoin ETFs? Here's One ProjectionThe Chopping Block: Are We Back? The ‘Low IQ' Response to the Potential Spot Bitcoin ETFFees Unchained: Fee Competition Heats Up Among BlackRock and Other Spot Bitcoin ETF ApplicantsCaitlin Long's tweet warning about no feesFidelity set their fee to .39%Invesco/Galaxy chose to waive feesMarket participants:Unchained: Goldman Sachs Could Take Vital Role in BlackRock, Grayscale Spot Bitcoin ETFs: ReportThe Block: Nasdaq to meet with SEC today to discuss spot bitcoin ETFs: SourceReuters: BlackRock, VanEck among asset managers that submitted updated filings for spot bitcoin ETFCoinDesk: BlackRock, Valkyrie Name Authorized Participants Including JPMorgan for Bitcoin ETFOthers:Better Markets' letter: The SEC Must Follow the Law and Reject Spot Bitcoin ETPs Which Will Inflict Massive Investor HarmFXSTREET: BlackRock might be on track to create history with $2 billion inflows in spot Bitcoin ETF in a weekEleanor Terrett of Fox News' tweet on Better Markets' letterScott Johnson of Van Buren Capital's estimateLearn more: Unchained: Bitcoin ETFs Explained: What Are They & How Do They Work?Why The Spot Bitcoin ETF Is a Big DealDeciding on Bitcoin: Should New Investors Jump In Now or Wait for an ETF?Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
It's set to be a historic week in crypto, with the SEC widely expected to finally approve a spot Bitcoin ETF, although it's not a 100% certainty. Two Bloomberg analysts who have followed all the developments closely since the beginning, James Seyffart and Eric Balchunas, join Unchained to discuss the final filings, the likely schedule, and whether all the applications are likely be approved on the same day. Then they dive into the real action: the cutthroat wars that have already begun, why Grayscale might be keeping its fees on the Grayscale Bitcoin Trust so high, and who the likely winners in what has traditionally been a “winner take most” category will be. Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: What the recent 19b-4 and S-1 filings say about how close the ETFs are to approval Whether Hashdex's existing futures ETF impacts its treatment in the spot Bitcoin ETF process The likely timeline for trading to start post-ETF approval The possibility of simultaneous launches for all approved ETF issuers The SEC's concerns about ensuring a fair launch, informed by the BITO experience Eric's surprise at JP Morgan's involvement as an Authorized Participant Why the SEC is approving the ETF despite Gensler's stance against crypto What extreme cases Eric believes might cause the ETF not to be approved How BlackRock's low fees set a challenging benchmark for competitors The potential for an issuer to offer even lower fees than current players How issuer margins are thin due to marketing fees, and the impact of waivers James' theory about why Grayscale might be keeping the fee on GBTC so high Predictions about which issuer(s) will gain the bulk of assets under management The rumor about BlackRock introducing substantial liquidity on the ETF's first day Eric and James's expectations for ETF inflows and market dynamics Thank you to our sponsors! Arbitrum Foundation Popcorn Network Guest: James Seyffart, Research analyst at Bloomberg Intelligence Previous appearances on Unchained: Why the SEC May Want Cash Creation of Spot Bitcoin ETFs Why It Looks Like BlackRock Could Win America's First Spot Bitcoin ETF Why a Spot Bitcoin ETF Will Probably Launch No Later Than January 10 Eric Balchunas, Senior ETF analyst at Bloomberg Intelligence Previous appearances on Unchained: Will a Spot Bitcoin ETF Finally Get Approved? Links Previous coverage of Unchained on spot Bitcoin ETFs: The 4 Factors That Will Determine Which Spot Bitcoin ETFs Win Market Share How Much Money Will Flow Into Bitcoin ETFs? Here's One Projection The Chopping Block: Are We Back? The ‘Low IQ' Response to the Potential Spot Bitcoin ETF Fees Unchained: Fee Competition Heats Up Among BlackRock and Other Spot Bitcoin ETF Applicants Caitlin Long's tweet warning about no fees Fidelity set their fee to .39% Invesco/Galaxy chose to waive fees Market participants: Unchained: Goldman Sachs Could Take Vital Role in BlackRock, Grayscale Spot Bitcoin ETFs: Report The Block: Nasdaq to meet with SEC today to discuss spot bitcoin ETFs: Source Reuters: BlackRock, VanEck among asset managers that submitted updated filings for spot bitcoin ETF CoinDesk: BlackRock, Valkyrie Name Authorized Participants Including JPMorgan for Bitcoin ETF Others: Better Markets' letter: The SEC Must Follow the Law and Reject Spot Bitcoin ETPs Which Will Inflict Massive Investor Harm FXSTREET: BlackRock might be on track to create history with $2 billion inflows in spot Bitcoin ETF in a week Eleanor Terrett of Fox News' tweet on Better Markets' letter Scott Johnson of Van Buren Capital's estimate Learn more: Unchained: Bitcoin ETFs Explained: What Are They & How Do They Work? Why The Spot Bitcoin ETF Is a Big Deal Deciding on Bitcoin: Should New Investors Jump In Now or Wait for an ETF? Learn more about your ad choices. Visit megaphone.fm/adchoices
It's set to be a historic week in crypto, with the SEC widely expected to finally approve a spot Bitcoin ETF, although it's not a 100% certainty. Two Bloomberg analysts who have followed all the developments closely since the beginning, James Seyffart and Eric Balchunas, join Unchained to discuss the final filings, the likely schedule, and whether all the applications are likely be approved on the same day. Then they dive into the real action: the cutthroat wars that have already begun, why Grayscale might be keeping its fees on the Grayscale Bitcoin Trust so high, and who the likely winners in what has traditionally been a “winner take most” category will be. Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: What the recent 19b-4 and S-1 filings say about how close the ETFs are to approval Whether Hashdex's existing futures ETF impacts its treatment in the spot Bitcoin ETF process The likely timeline for trading to start post-ETF approval The possibility of simultaneous launches for all approved ETF issuers The SEC's concerns about ensuring a fair launch, informed by the BITO experience Eric's surprise at JP Morgan's involvement as an Authorized Participant Why the SEC is approving the ETF despite Gensler's stance against crypto What extreme cases Eric believes might cause the ETF not to be approved How BlackRock's low fees set a challenging benchmark for competitors The potential for an issuer to offer even lower fees than current players How issuer margins are thin due to marketing fees, and the impact of waivers James' theory about why Grayscale might be keeping the fee on GBTC so high Predictions about which issuer(s) will gain the bulk of assets under management The rumor about BlackRock introducing substantial liquidity on the ETF's first day Eric and James's expectations for ETF inflows and market dynamics Thank you to our sponsors! Arbitrum Foundation Popcorn Network Guest: James Seyffart, Research analyst at Bloomberg Intelligence Previous appearances on Unchained: Why the SEC May Want Cash Creation of Spot Bitcoin ETFs Why It Looks Like BlackRock Could Win America's First Spot Bitcoin ETF Why a Spot Bitcoin ETF Will Probably Launch No Later Than January 10 Eric Balchunas, Senior ETF analyst at Bloomberg Intelligence Previous appearances on Unchained: Will a Spot Bitcoin ETF Finally Get Approved? Links Previous coverage of Unchained on spot Bitcoin ETFs: The 4 Factors That Will Determine Which Spot Bitcoin ETFs Win Market Share How Much Money Will Flow Into Bitcoin ETFs? Here's One Projection The Chopping Block: Are We Back? The ‘Low IQ' Response to the Potential Spot Bitcoin ETF Fees Unchained: Fee Competition Heats Up Among BlackRock and Other Spot Bitcoin ETF Applicants Caitlin Long's tweet warning about no fees Fidelity set their fee to .39% Invesco/Galaxy chose to waive fees Market participants: Unchained: Goldman Sachs Could Take Vital Role in BlackRock, Grayscale Spot Bitcoin ETFs: Report The Block: Nasdaq to meet with SEC today to discuss spot bitcoin ETFs: Source Reuters: BlackRock, VanEck among asset managers that submitted updated filings for spot bitcoin ETF CoinDesk: BlackRock, Valkyrie Name Authorized Participants Including JPMorgan for Bitcoin ETF Others: Better Markets' letter: The SEC Must Follow the Law and Reject Spot Bitcoin ETPs Which Will Inflict Massive Investor Harm FXSTREET: BlackRock might be on track to create history with $2 billion inflows in spot Bitcoin ETF in a week Eleanor Terrett of Fox News' tweet on Better Markets' letter Scott Johnson of Van Buren Capital's estimate Learn more: Unchained: Bitcoin ETFs Explained: What Are They & How Do They Work? Why The Spot Bitcoin ETF Is a Big Deal Deciding on Bitcoin: Should New Investors Jump In Now or Wait for an ETF? Learn more about your ad choices. Visit megaphone.fm/adchoices
Today's blockchain and cryptocurrency news Bitcoin is up 1% at $44,129 Eth is up ,5% $2,226 Binance Coin, is up ,5% at $299 Anonymous wallet spends 66k to encrypt data on to Bitcoin blockchain Better Markets pens letter to SEC opposing spot BTC ETF Get 15% off OneSkin with the code DCR at https://www.oneskin.co/ #oneskinpod Learn more about your ad choices. Visit megaphone.fm/adchoices
You might think that because we're on the cusp of a decision on spot Bitcoin ETF applications by the U.S. SEC, there's nothing else to talk about. But there is much more to discuss! This weekend also saw two fascinating Bitcoin mysteries emerge that await someone to solve them.Further reading:Better Markets pens open letter to SEC to reject the spot Bitcoin ETF applicationsThe SEC republishes its “NO GO to FOMO” campaign with curious timingExperts weigh in on whether funds could buy all BTC in circulationMysterious Bitcoiner spends $64K to inscribe encrypted codeAn enormous deposit is made to Satoshi Nakamoto's Bitcoin walletReferences:Lark Davis Tweet on Gold ETFsSo, grab yourself a coffee, and let's get into it!Rise'n'Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph's Twitter: @CointelegraphCointelegraph's website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants' alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast's participants may or may not own any of the assets mentioned.
After another review with a 30-day public comment period, the CFTC rejected Kalshi's proposal to offer election contracts. Mick Bransfield and Pratik Chougule do a deep dive into the outpouring of public comments that led to the CFTC's decision. 0:00: Introduction begins 2:14: Kalshi's incentives and how they shape its strategy toward political betting regulation 3:46: Kalshi's policy on transparency 5:27: Kalshi's diverging incentives from the political betting community 7:42: How Pratik's assumptions on political betting regulation differ from those of Kalshi CEO Tarek Mansour 13:03: Interview with Mick begins 15:18: Background on the latest 30-day comment period 16:40: Why the CFTC received a flood of comments 17:46: Were the anti-Kalshi comments AI-generated? 18:10: Public Citizen 20:57: Better Markets 21:55: Letter from Representatives John Sarbanes and Jamie Raskin 22:55: Center for American Progress 25:09: Are prediction markets becoming a partisan football? 31:11: Errors and poor analysis in the anti-Kalshi letters 33:41: Kalshi's response 46:40: Why Pratik lost confidence in Kalshi's regulatory approach Links: Mick Bransfield's website: https://mickbransfield.com/markets/ Coalition for Political Forecasting: http://coalitionforpoliticalforecasting.org/ Coalition for Political Forecasting comment to CFTC: http://coalitionforpoliticalforecasting.org/coalition-for-political-forecasting-response-to-cftcs-request-for-public-comments-on-questions-related-to-kalshis-self-certified-congressional-control-contracts/
To learn more about Better Markets, click here.To learn more about Dennis, click here.------------------Fraud in America is made possible by the generous donation of Getnick & Getnick LLP, a boutique Manhattan law firm dedicated to fighting fraud and promoting business integrity.------------------Fraud in America Social Links
Matt and Nic return for another week of news and deals. In this episode: Geographic distribution for USDC v USDT Blockchains have become dollarized What's the deal with Helium's phone plan? SBF heads to jail We inaugurate a new member of the bad boys Dubai regulators fines OPNX What's up with Argentina's Libertarian presidential candidate? We need a new theme song for the SEC The Prometheum saga rumbles on What's going on with Better Markets? Coinbase can now offer Bitcoin and ETH futures FTX and Genesis reach a settlement Content mentioned in this episode: Brooke Masters in the FT, When Tackling Crypto, the SEC Should Be Wary of Overreach Kristin Smith in Coindesk, The FIT Act Is the Most Comprehensive Crypto Regulation Ever Voted on by Congress Sponsor notes: Coin Metrics STATE OF THE NETWORK — From East to West: the Global Pulse of Stablecoin Transactions In Coin Metrics State of the Network Issue 220, we leverage seasonality analysis to reveal geographical trends in Stablecoin usage and volumes
Pre-Show Ark 21Shares Spot Bitcoin (BTC) ETF Application Decision Delayed by SEC (https://www.coindesk.com/policy/2023/08/11/ark-21shares-bitcoin-etf-application-decision-pushed-by-sec/) The SEC has a total of 240 days to make a final decision on an application after it starts reviewing one. The SEC is giving the general public three weeks to weigh in on the proposal itself, and an additional five weeks to respond to those initial slate of comments. SEC Sounds Kinda Bullish... Bitcoin Magazine on Twitter: "NEW -
2-10-23 AJ DailyUSDA Pursues More and Better Markets With Launch of Pilot Cattle Contracts LibraryAdapted from releases by USDA and National Cattlemen's Beef Association Fall 2022 Survey Reveals Marginal Drought Improvements for Farmers and Ranchers Adapted from a Market Intel article by Daniel Munch, American Farm Bureau Federation NFU to Host College Conference on Cooperatives in Minneapolis Adapted from a release by Ross Hettervig, National Farmers Union Compiled by Paige Nelson, field editor, Angus Journal. For more Angus news, visit angusjournal.net.
2-1-23 AJ DailyHigher Land Values, Cash RentsAdapted from an article by Jim Jansen & Jeffrey Stokes, University of Nebraska–Lincoln USDA Continues Laying Foundation for More and Better Markets with Launch of Pilot Cattle Contracts Library Adapted from a release by the USDA NCBA Statement on Launch of the Cattle Contract Library Pilot Program Adapted from a release by the National Cattlemen's Beef Association USDA Forest Service Accepting Grant Applications for Wood Innovations Projects, Community Wood Energy Facilities Adapted from a release by the USDA Compiled by Paige Nelson, field editor, Angus Journal. For more Angus news, visit angusjournal.net.
2022 started with such promise, the world was coming out of Covid hibernation and economies were reopening but that optimism proved short-lived. Most markets ended in negative territory but will 2023 prove to be a better year? Anand Pathmakanthan, Head of Regional Equity Research, Maybank Investment Banking Group and Patrick Chang, Chief Investment Officer for ASEAN Equities, Principal Asset Management give us their equity market outlook and which stocks will make money this year.
2022 started with such promise, the world was coming out of Covid hibernation and economies were reopening but that optimism proved short-lived. Most markets ended in negative territory but will 2023 prove to be a better year? Anand Pathmakanthan, Head of Regional Equity Research, Maybank Investment Banking Group and Patrick Chang, Chief Investment Officer for ASEAN Equities, Principal Asset Management give us their equity market outlook and which stocks will make money this year.
As we plan for our next season, please provide your thoughts and any suggestions on our podcast. You can reach out to our team, Market Insights, at mi.questions@jpmorgan.com. 2022 has been a brutal year for investors, with unusually large sell-offs in both stocks and bonds resulting in one of the worst years ever for balanced investing. However, 2023 may be the calm after the storm of this year, with markets stabilizing, inflation receding and the Fed nearing the end of its tightening cycle. Moreover, precisely because markets have been so battered, lower equity valuations and higher bond yields present some of the most attractive entry points for investors in over a decade. On our last episode of this season, I am joined by Jack Manley, Global Market Strategist at J.P. Morgan Asset Management to discuss the key takeaways from our Investment Outlook for 2023 and the importance of asset allocation in a challenged environment.
Recently, the White House released a document called the Comprehensive Framework for Responsible Development of Digital Assets. It summarizes Treasury Department studies of potential crypto policies and regulations. For what it could mean for federal regulators and the digital asset industry, Federal News Network's Eric White spoke to Dennis Kelleher, Co-founder and President of Better Markets. Kelleher is also a former member of the Federal Reserve's Banking and Securities Agency Review Team.
In the fifth episode of the latest season of Tech Tonic, FT columnist and host Jemima Kelly looks at crypto regulation, and why there's so little of it. It's a story that takes her to the heart of US cowboy state Wyoming, where the crypto industry appears to be writing its own laws. And as the US midterm elections ramp up, we hear about how crypto lobbying has taken hold of Washington DC too. Jemima talks to Rob Jennings, co-founder of CattleProof and the Wyoming Blockchain Coalition; Caitlin Long, head of Custodia Bank; Dennis Kelleher, co-founder of Better Markets; and Stephen Diehl, co-author of 'Popping the Crypto Bubble'. Check out stories and up-to-the-minute news from the FT's technology team at ft.com/technology For a special discounted FT subscription go to https://www.ft.com/techtonicsale Presented by Jemima Kelly. Special thanks to The Banker's Asia Editor Kimberly Long and The Banker podcast. Tech Tonic's senior producer is Edwin Lane, our producer is Josh Gabert-Doyon, and Manuela Saragosa is executive producer. Our sound engineer is Breen Turner, with original scoring by Metaphor Music. The FT's head of audio is Cheryl Brumley.Clips credits: WNET, CNBC, Ford Motor Pictures, Wolfgang BayerRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
The Securities and Exchange Commission recently proposed changes to its program for dealing with corporate whistleblowers. Since the Dodd-Frank banking legislation, whistleblowers receive up to 30% of penalties the SEC collects when they exceed $1 million. The program was trimmed back during the Trump administration. New proposed rules would return the program to its former state. For one view of what should happen next, the Federal Drive with Tom Temin turned to the co-founder and CEO of the banking and markets non-profit advocacy group Better Markets, Dennis Kelleher.
Today we're talking to Adam Jason, who moved from the USA to Colombia to run a Coffee startup. He's doing really well with his business and he's here to talk about the changes he encountered moving his business from the USA to another Country. His company finds investors in the USA to contribute to his business in Colombia. How well is he doing, does he recommend it? Let's find out! 4:25 - What does ‘Private Equity' mean? What about ‘Venture Capital?' What does that mean, and why is it beneficial for US dollars to be invested in Colombia? 7:00 - It seems like it's easier to get in on an emerging or even dominant market in Colombia for far less money than attempting to do the same thing in the USA. Is it really that simple or are there hurdles that somebody in the USA may not have thought of? 9:35 - What's the risk of losing everything in this kind of investment? What can go wrong? 12:50 - Is it hard to negotiate business as an obvious outsider to the country? 16:00 - The USA Stock Market is riding an all-time high valuation. Are your investors people that are interested in getting in at the ground level in another country? 21:45 - Are your investors accredited in the USA? 25:20 - What does it look like staffing a farm in Colombia? What does hiring look like for you? What are the ‘boots on the ground' dynamics? 30:17 - What does the social and government structure look like in Colombia? What are the economics of that Country? 32:20 - What are some other industries do you think are ripe for investment in South America? 36:30 - How much did “The 2020 situation” accelerate globalization in investments? 38:50 - What allowed you to see a future moving to another Country and investing there? So many people in the USA rely on getting and keeping that corporate job, what made you move away? 41:47 - You mentioned that the minimum wage down there is US$250 per month, what does that mean for the cost of living? Do you save money on your day-to-day life by living in Colombia? 48:00 - Many USA residents immediately think of the drug traffic market in Colombia. Have you noticed that industry creating a problem for you? Is it still affecting the economy there? How does it play a role? 51:30 - What's next for your company? Do you plan to diversify outside of the coffee industry? 58:10 - You mentioned “Vertical Integration.” What does that mean? 1:04:05 - Does being an English-first speaker hold you back from doing business in a primarily Spanish country? 1:07:40 - What are you looking forward to in 2022? ------------ Quickly- I'm Scott Groves - Husband, Father, Loan Officer, Coach, Author, Podcaster, and Recent Blue Belt in Brazilian Jiu-Jitsu. This podcast is paid for and brought to you by.... by me, Scott Groves :-) Because I think these kind of long form conversations are valuable, I pay for 100% of the production of this show out of my pocket. This channel is FAR from monetization and because of the subject matter, may never be monetized. I am a Mortgage Loan Officer & Loan Officer Coach in real life. It's the money that I earn, from helping home-buyers and home-owners obtain home-loans, that pays for this show. If you, your friends, or your family are looking for a home loan from an honest Loan Officer, please contact me at Scott@ScottGrovesTeam.com
This is an abbreviated version of the full podcast, also available here! Today we're talking to Adam Jason, who moved from the USA to Colombia to run a Coffee startup. He's doing really well with his business and he's here to talk about the changes he encountered moving his business from the USA to another Country. His company finds investors in the USA to contribute to his business in Colombia. How well is he doing, does he recommend it? Let's find out! What does ‘Private Equity' mean? What about ‘Venture Capital?' What does that mean, and why is it beneficial for US dollars to be invested in Colombia? It seems like it's easier to get in on an emerging or even dominant market in Colombia for far less money than attempting to do the same thing in the USA. Is it really that simple or are there hurdles that somebody in the USA may not have thought of? What's the risk of losing everything in this kind of investment? What can go wrong? Is it hard to negotiate business as an obvious outsider to the country? The USA Stock Market is riding an all-time high valuation. Are your investors people that are interested in getting in at the ground level in another country? Are your investors accredited in the USA? What does it look like staffing a farm in Colombia? What does hiring look like for you? What are the ‘boots on the ground' dynamics? What does the social and government structure look like in Colombia? What are the economics of that Country? What are some other industries do you think are ripe for investment in South America? How much did “The 2020 situation” accelerate globalization in investments? What allowed you to see a future moving to another Country and investing there? So many people in the USA rely on getting and keeping that corporate job, what made you move away? You mentioned that the minimum wage down there is US$250 per month, what does that mean for the cost of living? Do you save money on your day-to-day life by living in Colombia? Many USA residents immediately think of the drug traffic market in Colombia. Have you noticed that industry creating a problem for you? Is it still affecting the economy there? How does it play a role? What's next for your company? Do you plan to diversify outside of the coffee industry? 58:10 - You mentioned “Vertical Integration.” What does that mean? Does being an English-first speaker hold you back from doing business in a primarily Spanish country? 1:07:40 - What are you looking forward to in 2022? ------------ Quickly- I'm Scott Groves - Husband, Father, Loan Officer, Coach, Author, Podcaster, and Recent Blue Belt in Brazilian Jiu-Jitsu. This podcast is paid for and brought to you by.... by me, Scott Groves :-) Because I think these kind of long form conversations are valuable, I pay for 100% of the production of this show out of my pocket. This channel is FAR from monetization and because of the subject matter, may never be monetized. I am a Mortgage Loan Officer & Loan Officer Coach in real life. It's the money that I earn, from helping home-buyers and home-owners obtain home-loans, that pays for this show. If you, your friends, or your family are looking for a home loan from an honest Loan Officer, please contact me at Scott@ScottGrovesTeam.com
In this episode I speak with my dear friend and former co-clerk, Austin King. Austin is currently the Associate General Counsel for Rulemaking at the Federal Trade Commission. I conducted this interview when Austin was in his former role at the FTC as Attorney Advisor to Chairwoman Rebecca Kelly Slaughter. Before joining the FTC in 2018, Austin was a counsel at the Consumer Financial Protection Bureau and an attorney at the nonprofit Better Markets, Inc. Before law school, Austin was an elected official serving as an alderperson in his hometown of Madison, Wisconsin. He also worked for the SEIU and Acorn. Austin is a proud graduate of the University of Wisconsin, New York University School of Law (where he graduated summa cum laude as a Root-Tilden Scholar), and the Harvard Kennedy School from which he holds an MPA. He served as a law clerk to Judge Jed Rakoff of the Southern District of New York and Chief Judge Robert Katzmann of the United States Court of Appeals for the Second Circuit where he and I successfully shared an office for 11 months. He spoke with me purely in his personal capacity and his views on the episode do not represent the views of the FTC or the government. In our conversation we discuss his path to public interest law from local politician, the unique role of government lawyer and attorney advisor, the power and importance of being both a good writer and a good editor of the writing of others, ways to land a legal government job, and the differences between clerking on the district court and on the court of appeals. If you enjoy this episode, make sure to sign up for future episodes at www.howilawyer.com or subscribe wherever you get your podcasts.
Huge news this week with the resignations of the Presidents of the Federal Reserve Banks of Dallas and Boston. But this is not the end of the story. So what comes next? Dennis Kelleher, President of Better Markets, joins the show to discuss. Check out Episode 6 for The Reserve's interview with Michael Derby from the WSJ who originally broke the story. On twitter: @BetterMarkets, @KalebNygaard Links: Public Letter, Better Markets' Scandal Landing Page
Amanda Lang talks to Dennis Kelleher (President and CEO at Better Markets) about how after the credit crisis that threatened the global system back in 2008, a lot of new rules were put in place to make things safer and the banks behave better. So, after all these years, is the system safer…or not?
Dennis Kelleher, the CEO of Better Markets and point man for investor advocacy in D.C., provides an insider account of the GameStop hearings — and what comes next at the SEC. Learn more about your ad choices. Visit megaphone.fm/adchoices
Dennis Kelleher, the CEO of Better Markets and point man for investor advocacy in D.C., provides an insider account of the GameStop hearings — and what comes next at the SEC. Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode, BIT's CEO, Professor David Halpern, speaks to the New South Wales Minister for Customer Service, Victor Dominello. David and Victor cover a wide range of topics, starting with why other governments should have a Minister for Customer Service, how behavioural insights can improve economic policy, how markets can be made more transparent and when governments should intervene in markets. Victor has been the Member of Parliament for Ryde since 2008. He has held the position of Minister for Customer Service since April 2019. Prior to that Victor held the position of the Minister for Finance, Services and Property and was appointed the state's first Minister for Innovation and Better Regulation in 2015. His earlier appointments include the Minister for Citizenship, Communities, the Minister for Aboriginal Affairs, the Minister for Veterans Affairs and the Assistant Minister for Education. As mentioned on the podcast, the NSW Behavioural Insights Unit was established in 2012 and has been located in the Department of Customer Service since 2019. You can keep up to date with the work that he has been doing through his website, LinkedIn and Twitter. Further reading If you want to read some news coverage about the FuelCheck app, you can go here or head to the FuelCheck website here. If you want to learn more about the Comprehensive Third Party reforms, you can read about it here. You can also read more about the work that the New South Wales Behavioural Insights Unit are doing here. Credits Editing by Evan Sycamnias at Pixelife Studio Music by Rich O'Brien Thanks to Ellie Wood at the Minister's Office, and Dave Trudinger, Eva Koromilas and the Behavioural Insights Unit.
QUESTION PRESENTED:1) Whether a defendant in a securities class action may rebut the presumption of classwide reliance recognized in Basic Inc. v. Levinson by pointing to the generic nature of the alleged misstatements in showing that the statements had no impact on the price of the security, even though that evidence is also relevant to the substantive element of materiality; and (2) whether a defendant seeking to rebut the Basic presumption has only a burden of production or also the ultimate burden of persuasion.DateProceedings and Orders (key to color coding)Aug 21 2020 | Petition for a writ of certiorari filed. (Response due September 24, 2020)Aug 25 2020 | Blanket Consent filed by Petitioner, Goldman Sachs Group, Inc., et al.Sep 08 2020 | Motion to extend the time to file a response from September 24, 2020 to October 23, 2020, submitted to The Clerk.Sep 08 2020 | Blanket Consent filed by Respondent, Arkansas Teacher Retirement System, et al.Sep 09 2020 | Motion to extend the time to file a response is granted and the time is extended to and including October 23, 2020.Sep 24 2020 | Brief amicus curiae of Washington Legal Foundation filed.Sep 24 2020 | Brief amicus curiae of Retail Litigation Center, Inc. filed.Sep 24 2020 | Brief amici curiae of Former SEC Officials and Law Professors filed.Sep 24 2020 | Brief amicus curiae of The Society for Corporate Governance filed.Sep 24 2020 | Brief amici curiae of Securities and Financial Markets Association, et al. filed.Sep 24 2020 | Brief amici curiae of Financial Economists filed.Oct 21 2020 | Brief of respondents Arkansas Teacher Retirement System, et al. in opposition filed.Oct 21 2020 | Motion of petitioner to delay distribution of the petition for a writ of certiorari under Rule 15.5 from November 4, 2020 to November 17, 2020, submitted to The Clerk.Oct 26 2020 | Motion to delay distribution of the petition for a writ certiorari until November 17, 2020 granted.Nov 17 2020 | DISTRIBUTED for Conference of 12/4/2020.Nov 17 2020 | Reply of petitioners Goldman Sachs Group, Inc., et al. filed. (Distributed)Dec 07 2020 | DISTRIBUTED for Conference of 12/11/2020.Dec 11 2020 | Petition GRANTED.Jan 14 2021 | Blanket Consent filed by Respondent, Arkansas Teacher Retirement System, et al.Jan 14 2021 | Blanket Consent filed by Petitioner, Goldman Sachs Group, Inc., et al.Jan 25 2021 | Brief of petitioners Goldman Sachs Group, Inc., et al. filed.Jan 25 2021 | Joint appendix (2 volumes & 1 supplemental) filed. (Statement of costs filed)Feb 01 2021 | SET FOR ARGUMENT on Monday, March 29, 2021.Feb 01 2021 | Brief amicus curiae of United States support of neither party filed.Feb 01 2021 | Brief amicus curiae of Retail Litigation Center, Inc. filed.Feb 01 2021 | Brief amici curiae of American International Group, Inc. et al. filed.Feb 01 2021 | Brief amici curiae of Financial Economists filed.Feb 01 2021 | Brief amicus curiae of Washington Legal Foundation filed.Feb 01 2021 | Brief amici curiae of Securities and Financial Markets Association, et al. filed.Feb 01 2021 | Brief amici curiae of Former SEC Officials and Law Professors filed.Feb 01 2021 | Brief amicus curiae of The Society for Corporate Governance filed.Feb 04 2021 | Record requested from the U.S.C.A. 2nd Circuit.Feb 11 2021 | Record from the U.S.C.A. 2nd Circuit, along with SEALED material been electronically filed.Feb 11 2021 | Record from the U.S.D.C. Southern District of New York is electronic and located on Pacer, with the exception of 1 Box of Sealed records.Feb 22 2021 | CIRCULATED.Feb 24 2021 | Brief of respondents Arkansas Teacher Retirement System, et al. filed. (Distributed)Feb 26 2021 | Motion of the Acting Solicitor General for leave to participate in oral argument as amicus curiae and for divided argument filed.Mar 03 2021 | Brief amicus curiae of Better Markets, Inc. filed. (Distributed)Mar 03 2021 | Brief amici curiae of Former SEC Officials filed. (Distributed)Mar 03 2021 | Brief amicus curiae of The North American Securities Administrators Association, Inc. filed. (Distributed)Mar 03 2021 | Brief amici curiae of Financial Economists filed. (Distributed)Mar 03 2021 | Brief amici curiae of Evidence Law Professors filed. (Distributed)Mar 03 2021 | Brief amici curiae of Institutional Investors filed. (Distributed)Mar 03 2021 | Brief amici curiae of Professors of Securities Law and Complex Litigation filed. (Distributed)Mar 03 2021 | Brief amici curiae of State of New Mexico et al. filed. (Distributed)Mar 03 2021 | Brief amici curiae of Public Citizen and Public Citizen Foundation filed. (Distributed)Mar 03 2021 | Brief amicus curiae of National Association of Shareholder and Consumer Attorneys filed. (Distributed)Mar 08 2021 | Motion of the Acting Solicitor General for leave to participate in oral argument as amicus curiae and for divided argument GRANTED.Mar 19 2021 | Reply of petitioners Goldman Sachs Group, Inc., et al. filed. (Distributed)Mar 29 2021 | Argued. For petitioners: Kannon K. Shanmugam, Washington, D. C. For United States, as amicus curiae: Sopan Joshi, Assistant to the Solicitor General, Department of Justice, Washington, D. C. For respondents: Thomas C. Goldstein, Bethesda, Md.★ Support this podcast on Patreon ★
Friday October 9, 2020 Better Markets Rips JP Morgan Chase Deferred Prosecution
Friday October 9, 2020 Better Markets Rips JP Morgan Chase Deferred Prosecution
Monetary and fiscal constraints have been shattered all round the world. Suddenly, governments who claimed there were no magic money trees have shed their inhibitions. European nations are amongst the leaders in using this new botany and forgetting how they used to ridicule modern monetary theory. Policy-makers at the core of the EU are exploring the implications of these broken constraints in one of the trickiest environments of all, the EU's monetary and fiscal policy. In this webinar, Benoît Lallemand, Secretary General of Finance Watch, will explain the current state of policy development, look at some of the issues ahead, and try to help viewers make sense of the implications for medium and longer term growth. In particular, he and FS Club Chairman Michael Mainelli will point to the erosion of government-private economic boundaries and the potential rise of a ‘new pervasive state'. Speaker: Benoît Lallemand is Secretary General of Finance Watch since January 2017. He was previously a senior policy analyst (mainly MiFID 2), senior advisor to Better Markets on EU affairs and head of strategic development and operations at Finance Watch. He also initiated the Citizens' Dashboard of Finance, a platform allowing a broad range of stakeholders, including pioneers in sustainable businesses and financial services, academics and civil society organizations to engage on a global campaign to change finance. Before joining Finance Watch upon its creation in 2011, Benoît spent more than ten years in the financial sector – more specifically in clearing and settlement (market infrastructure). He was initially a team leader before holding senior positions in asset-servicing departments, focusing on fixed income and structured products primary markets and regulatory reporting. He was then in charge of several business steering committees and strategic projects. Benoît also has roots in the NGO world as a co-founder of ATTAC-Bruxelles. Interested in watching our webinars live, or taking part in the production of our research? Join our community at: https://bit.ly/3sXPpb5
Panel Guests: Anna Edgerton, Bloomberg Politics Editor, Dennis Kelleher, President of Better Markets, and Mattie Duppler, Senior Fellow at the National Taxpayers Union and former Former Coalitions Director for the House Republican Conference.
Panel Guests: Anna Edgerton, Bloomberg Politics Editor, Dennis Kelleher, President of Better Markets, and Mattie Duppler, Senior Fellow at the National Taxpayers Union and former Former Coalitions Director for the House Republican Conference.
David Welch, Bloomberg News Detroit Bureau Chief, discusses Tesla Model 3 production numbers as the company delivered 8,180 Model 3s in the first three months of the year. Connor O'Brien, CEO at O'Shares, talks about investing in small cap exchange traded funds. Alex Barinka, Bloomberg News Deals Reporter, and Mike Vorhaus, President at Magid Advisors, breakdown Spotify's direct listing and trading debut on the NYSE. Dennis Kelleher, CEO at Better Markets and Michael McKee, Bloomberg News International Economics & Policy Correspondent, discuss SF Fed President John Williams to become the next President of the NY Fed. And we Drive to the Close with Barry Bannister, Head of Institutional Equity Strategy at Stifel. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
David Welch, Bloomberg News Detroit Bureau Chief, discusses Tesla Model 3 production numbers as the company delivered 8,180 Model 3s in the first three months of the year. Connor O’Brien, CEO at O’Shares, talks about investing in small cap exchange traded funds. Alex Barinka, Bloomberg News Deals Reporter, and Mike Vorhaus, President at Magid Advisors, breakdown Spotify’s direct listing and trading debut on the NYSE. Dennis Kelleher, CEO at Better Markets and Michael McKee, Bloomberg News International Economics & Policy Correspondent, discuss SF Fed President John Williams to become the next President of the NY Fed. And we Drive to the Close with Barry Bannister, Head of Institutional Equity Strategy at Stifel.
Patrick Jenkins and guests discuss the merits of putting former Goldman Sachs banker Gary Cohn in charge of US deregulation, Lloyds bank's review of HBOS fraud customers, and Italian banking as UniCredit goes to the market and Intesa ponders a takeover of Generali. With special guest Dennis Kelleher, head of the regulatory think tank Better Markets. See acast.com/privacy for privacy and opt-out information.
Gary Cohn, former number two at Goldman Sachs, has become President Trump’s point man for financial deregulation. Will he go too far in unpicking post-crisis reforms? Patrick Jenkins puts the question to Ben McLannahan, the FT's US banking editor, and Denis Kelleher of the Better Markets think tank. Music: Kevin MacLeod See acast.com/privacy for privacy and opt-out information.
Many observers of the U.S. financial system increasingly believe that the United States will soon experience another financial crisis – the only questions are when and how bad will it be? With that expectation in mind, the panel could address the following issues: What are the likely early indicators that another crisis is in the offing? What economic conditions are the likely causes of that crisis (rising housing prices, the reemgence of shadow banking, other consequences of Dodd-Frank, crises emanating from other countries, etc.)? What might ignite that crisis? Who will likely be blamed for causing the next crisis and who or what should be blamed? What might be the political/legislative response(s) to the next crisis? What, if anything, can be done to mitigate the consequences of the next financial crisis and possibly even steer the U.S. economy away from future financial crises? -- This panel was presented at the 2015 National Lawyers Convention on Friday, November 13, 2015, at the Mayflower Hotel in Washington, DC. -- Featuring: Hon. Phil Gramm, Senior Advisor, US Policy Metrics and Former United States Senator; Mr. Frank Medina, Senior Counsel & Director of Research, Better Markets; Ms. Karen Shaw Petrou, Managing Partner, Federal Financial Analytics, Inc.; and Prof. J.W. Verret, Assistant Professor of Law, George Mason University School of Law. Moderator: Hon. Edith H. Jones, U.S. Court of Appeals, Fifth Circuit.
Dennis Kelleher, CEO of Better Markets, discusses the public interest in reforming the financial, capital, and commodity markets. Better Markets is the public's voice in the fight to reform and strengthen the financial system. It is non-profit, non-partisan, and independent.