http://www.realclearmarkets.com/ en Copyright 2013 Fri, 24 May 2013 10:22:21 -0500 http://www.sixapart.com/movabletype/?v=3.33 http://blogs.law.harvard.edu/tech/rss As most readers are now aware, technology giant Apple Inc. has in the past few days been the recipient of juvenile attacks from U.S. Senators on both sides of the political aisle. Its alleged misdeed: the legal shielding of overseas earnings from corporate taxation stateside. Funny here is that back in 2001 Sarbanes-Oxley was foolishly passed to ensure that CEOs watch out for shareholders. Twelve years later Apple chief Tim Cook is under attack for doing just that. Congress, ever eager to spend money not its own, is bothered that Apple would have the temerity to not expose all of its earnings... http://www.realclearmarkets.com/blog/2013/05/13/ots_article_one_100337.html http://www.realclearmarkets.com/blog/2013/05/13/ots_article_one_100337.html RealClearMarkets RealClearMarkets 2013/05 05/13/2013/00/00/00 Fri, 24 May 2013 05:57:54 -0500 190249 On September 29, 2008, Morgan Stanley pledged $66.5 billion in collateral at the Federal Reserve's recently expanded Primary Dealer Credit Facility (PDCF). Aiming to take over in an intermediary role from the private tri-party repo market, the Fed expanded its list of eligible collateral to become a full substitute. For its pledged collateral, Morgan Stanley obtained $61.3 billion in "cash" from the Fed, for an effective haircut of about 8%. That arrangement has subsequently been criticized as inadequate collateralization given what was actually pledged. Morgan Stanley... http://www.realclearmarkets.com/blog/2013/05/13/ots_article_two_100339.html http://www.realclearmarkets.com/blog/2013/05/13/ots_article_two_100339.html RealClearMarkets RealClearMarkets 2013/05 05/13/2013/00/00/00 Fri, 24 May 2013 05:52:40 -0500 124830 The recent revelations about the goings-on at the Internal Revenue Service have gotten a lot of attention. When the patina of government impartiality shows itself so disturbingly thin, people of all political stripes sit up and take notice. The hard lessons drawn from the IRS experience should inform the broader policy debates about regulatory structure and oversight. When the IRS activities came to light, the president expressed his disapproval and cited the agency's independence. As others have pointed out, the IRS is actually not-as agencies go-particularly independent. It is part of... http://www.realclearmarkets.com/blog/2013/04/13/ots_article_three_100340.html http://www.realclearmarkets.com/blog/2013/04/13/ots_article_three_100340.html RealClearMarkets RealClearMarkets 2013/04 04/13/2013/00/00/00 Fri, 24 May 2013 06:02:28 -0500 162878