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Financial Accounting Theory
Financial Accounting Theory

Financial Heat Machine - Business Perspectives
Financial Heat Machine - Business Perspectives

... We consider dynamics of financial market as dynamics of expectations and discuss such a dynamics from the point of view of phenomenological thermodynamics. We describe financial Carnot cycle and financial analogue of heat machine. We see, that while in physics perpetuum mobile is absolutely impossib ...
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... business. Since proverbs generally capture the essence of things and say general truths, I chose a few Go proverbs and interpreted them in a context that is connected to the chosen topic, in order to demonstrate that these proverbs can be considered guidelines not only in the game of Go, but also in ...
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Zients-BPC - Bipartisan Policy Center

... how to move forward with stronger consumer protections, some would like to take us backward. Just last week, Senator Shelby pushed through committee a partisan bill to roll back Wall Street reform. His goal here is clear – to weaken oversight of some of the largest financial institutions and to tie ...
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< 1 ... 46 47 48 49 50 51 52 53 54 ... 88 >

Financial Crisis Inquiry Commission

The Financial Crisis Inquiry Commission (FCIC) is a ten-member commission appointed by the United States government with the goal of investigating the causes of the financial crisis of 2007–2010. The Commission has been nicknamed the Angelides Commission after the chairman, Phil Angelides. The Commission has been compared to the Pecora Commission, which investigated the causes of the Great Depression in the 1930s, and has been nicknamed the New Pecora Commission. Analogies have also been made to the 9/11 Commission, which examined the September 11 terrorist attacks. The Commission does have the ability to subpoena documents and witnesses for testimony, a power that the Pecora Commission had but the 9/11 Commission did not. The first public hearing of the Commission was held on January 13, 2010, with the presentation of testimony from various banking officials. Hearings continued during 2010 with ""hundreds"" of other persons in business, academia, and government testifying.The Commission reported its findings in January 2011. In briefly summarizing its main conclusions the Commission stated:""While the vulnerabilities that created the potential for crisis were years in the making, it was the collapse of the housing bubble—fueled by low interest rates, easy and available credit, scant regulation, and toxic mortgages—that was the spark that ignited a string of events, which led to a full-blown crisis in the fall of 2008. Trillions of dollars in risky mortgages had become embedded throughout the financial system, as mortgage-related securities were packaged, repackaged, and sold to investors around the world. When the bubble burst, hundreds of billions of dollars in losses in mortgages and mortgage-related securities shook markets as well as financial institutions that had significant exposures to those mortgages and had borrowed heavily against them. This happened not just in the United States but around the world. The losses were magnified by derivatives such as synthetic securities.""In April 2011, the United States Senate Homeland Security Permanent Subcommittee on Investigations released the Wall Street and the Financial Crisis: Anatomy of a Financial Collapse report, sometimes known as the ""Levin-Coburn"" report.
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