Legislation, not just investor pressure, will be needed to make companies build up buffers against shocks—in response to the April 24, 2020 Financial Times editorial, “Companies should shift from ‘just in time’ to ‘just in case.’ Pandemic has shown that businesses neglected vital safety margins.” Dear FT editor, Thank you for your excellent …
Read More »Archive for the ‘Finance’ Category
The U.S. Government as a Leading Venture Capitalist
The U.S. Government as a Leading Venture Capitalist Uncle Sam supports entrepreneurs The U.S. Government as a leading venture capitalist, wow, is this a joke? This sounds like industrial policy, public intervention, and “picking winners.” It is something that European and East Asian governments do, but not us, right? Think again. The U.S. government has actually …
Read More »The ten-year anniversary of the 2008 financial crisis
A primer on Dodd-Frank, through a simple Q&A Why was Dodd Frank passed? The Dodd-Frank Wall Street Reform and Consumer Protection Act was passed by Congress, and signed by president Obama on July 21st, 2010, to stabilize our banking and financial system, and prevent a repeat of the disastrous 2008 financial crisis, which …
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