Monday, June 6, 2011

Tim Geithner : warning against loopholes in the u.s. financial reform effort

Treasury Secretary Tim Geithner's address in Boston.Geithner: Need Margin Requirements on Derivatives : Geithner says wall street needs to stop opposing financial reform funding and appointments. those who run u.s. major institutions today, I'll just offer my judgment. you should be champions. not opponents. of getting stronger people in place in these bodies over time. that will matter more than almost anything else to the success to get these reforms designed. they're incredibly complicated to get done well. requires not just knowledge of the economics or regulation or policy we're trying to pursue but how to make that work with a very complicated market that's changing rapidly.

Dr. Marc Faber Tomorrow's Gold







Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.