Klamotten-Affäre an der Wallstreet

http://www.youtube.com/watch?v=wgQJehR2IBY&feature=player_embedded

DAY ONE – WEDNESDAY, MAY 5

Session 1: Investment Banks and the Shadow Banking System
Paul Friedman, former Senior Managing Director
Bear Stearns
Samuel Molinaro, Jr., former Chief Financial Officer and Chief Operating Officer
Bear Stearns
Warren Spector, former President and Co-Chief Operating Officer
Bear Stearns

Session 2: Investment Banks and the Shadow Banking System
James E. Cayne, former Chairman and Chief Executive Officer
Bear Stearns
Alan D. Schwartz, former Chief Executive Officer
Bear Stearns

Session 3: SEC Regulation of Investment Banks
Charles Christopher Cox, former Chairman
U.S. Securities and Exchange Commission
William H. Donaldson, former Chairman
U.S. Securities and Exchange Commission
H. David Kotz, Inspector General
U.S. Securities and Exchange Commission
Erik R. Sirri, former Director Division of Trading & Markets
U.S. Securities and Exchange Commission

SOURCE / QUELLE: http://www.fcic.gov/news/pdfs/2010-0429-Advisory.pdf

DAY TWO – THURSDAY, MAY 6

Session 1: Perspective on the Shadow Banking System
Henry M. Paulson, Jr., former Secretary
U.S. Department of the Treasury

Session 2: Perspective on the Shadow Banking System
Timothy F. Geithner, Secretary, U.S. Department of the Treasury; former President,
Federal Reserve Bank of New York

Session 3: Institutions Participating in the Shadow Banking System
Michael A. Neal, Vice Chairman, GE and Chairman and Chief Executive Officer
GE Capital
Mark S. Barber, Vice President and Deputy Treasurer
GE Capital
Paul A. McCulley, Managing Director
PIMCO
Steven R. Meier, Chief Investment Officer
State Street

SOURCE / QUELLE: http://www.fcic.gov/news/pdfs/2010-0429-Advisory.pdf

Der Goldman-Sachs-Mann PAULSON ist ja nun auch zur Anhörung laden, woraus sich in Beiträgen #36 und folgenden  http://www.ariva.de/GS_PAULSON_geladen_t285084?pnr=7930986#jump7930986  die Frage ergab, um was es dabei eigentlich GEHT.

Doch diese Frage ist jetzt GEKLÄRT: Es geht dabei ausweislich derer obigen Beiträge #52 und #53   www.ariva.de/FCIC_Hearings_t285084?pnr=7942587#jump7942587
um nichts Geringeres als das SHADOW Banking System,
also um das SCHATTEN-Banken-System...

CORRECTUR:

Anders, als in meiner obigen #52 http://www.ariva.de/_DIENSTAG_4_5_2010_t285084?pnr=7942587#jump7942587  irrtümlich behauptet, startet der DAY ONE zum SHADOW Banking System nicht schon am "DIENSTAG (4.5.2010)",
sondern erst am morgigen MITTWOCH (5.5.2010)...

Ich bitte um Entschuldigung:
Teras.

Wer sich auf die bevorstehenden  www.fcic.gov  FCIC-Anhörungen vorbereiten mögte, sollte sich vorher mit einigen  www.fdic.gov  FDIC-Zahlen befassen...

Einen sehr guten Einstieg in diese Zahlen bietet  http://www.levyinstitute.org/pubs/wp_587.pdf
"The Global Financial Crisis and the Shift to Shadow Banking",
also das so genannte "Levy Paper", das auch im Internet heiß discutiert wird:

http://domesticjustice.blogspot.com/2010/03/...ivative-liability.html

Auch die Organisation "The Bankwatch" hat sich mit dem Thema beschäftigt:

http://thebankwatch.com/2010/03/11/...ative-liability-33823-of-assets

Soweit für Heute, muss jetzt zur Arbeit.
Es liegen spannende Tage vor uns!
LG: Teras.

http://www.c-span.org/Watch/Media/2010/05/05/HP/R/...king+Crisis.aspx

May 5, 2010
THE HUFFINGTON POST:
Goldman Sachs CREDIT Rating Threatened By FITCH:

"NEW YORK — Fitch Ratings said Wednesday that Goldman Sachs' recent legal troubles and the evolving regulatory landscape might lead the agency to eventually review the bank's top-tier credit rating.

Fitch Ratings, a major credit ratings agency, said in a release that it left Goldman Sachs Group Inc.'s rating of "A+" alone for now given its strong performance. Fitch noted that Goldman "consistently" outperforms its global banking peers.

However, Fitch said it lowered its long-term view of Goldman's debt ratings because of the legal issues Goldman is facing, which could hurt its reputation and ability to generate revenue.

"Goldman's franchise and market position are potentially vulnerable to scrutiny by stakeholders" and, like its peers, "may be affected by the industry's regulatory evolution," Fitch said in a statement"...

SOURCE / QUELLE:
http://www.huffingtonpost.com/2010/05/05/...credit-rati_n_564714.html

Session 1: Investment Banks and the Shadow Banking System

Paul Friedman
Former Senior Managing Director
Bear Stearns

Testimony: http://www.fcic.gov/hearings/pdfs/2010-0505-Friedman.pdf

Session 1: Investment Banks and the Shadow Banking System

Samuel Molinaro, Jr.
Former Chief Financial Officer and Chief Operating Officer
Bear Stearns

Testimony: http://www.fcic.gov/hearings/pdfs/2010-0505-Molinaro.pdf

Session 1: Investment Banks and the Shadow Banking System

Warren Spector
Former President and Co-Chief Operating Officer
Bear Stearns

Testimony: http://www.fcic.gov/hearings/pdfs/2010-0505-Spector.pdf

Session 2: Investment Banks and the Shadow Banking System

James E. Cayne
Former Chairman and Chief Executive Officer
Bear Stearns

Testimony: http://www.fcic.gov/hearings/pdfs/2010-0505-Cayne.pdf

Session 2: Investment Banks and the Shadow Banking System

Alan D. Schwartz
Former Chief Executive Officer
Bear Stearns

Testimony: http://www.fcic.gov/hearings/pdfs/2010-0505-Schwartz.pdf

Session 3: SEC Regulation of Investment Banks

Charles Christopher Cox
Former Chairman
U.S. Securities and Exchange Commission

Testimony: http://www.fcic.gov/hearings/pdfs/2010-0505-Cox.pdf

Session 3: SEC Regulation of Investment Banks

William H. Donaldson
Former Chairman
U.S. Securities and Exchange Commission

Testimony: http://www.fcic.gov/hearings/pdfs/2010-0505-Donaldson.pdf

Session 3: SEC Regulation of Investment Banks

H. David Kotz
Inspector General
U.S. Securities and Exchange Commission

Testimony: http://www.fcic.gov/hearings/pdfs/2010-0505-Kotz.pdf

Session 3: SEC Regulation of Investment Banks

Erik R. Sirri
Former Director Division of Trading & Markets
U.S. Securities and Exchange Commission

Testimony: http://www.fcic.gov/hearings/pdfs/2010-0505-Sirri.pdf

For Release: Tuesday, May 4, 2010

"FINRA to Perform NYSE Regulation's Market Oversight Functions
New York and Washington, DC — NYSE Euronext (NYSE: NYX) and the Financial Industry Regulatory Authority (FINRA) today announced that they have agreed that FINRA will assume responsibility for performing the market surveillance and enforcement functions currently conducted by NYSE Regulation. The agreement is subject to review by the Securities and Exchange Commission.

Under the agreement announced today, FINRA would assume regulatory functions for NYSE Euronext's U.S. equities and options markets – the New York Stock Exchange, NYSE Arca and NYSE Amex. FINRA currently provides regulatory services to the NASDAQ Stock Market, NASDAQ Options Market, NASDAQ OMX Philadelphia, NASDAQ OMX Boston, The BATS Exchange and The International Securities Exchange.

The final agreement is expected to be completed in the next several weeks, with an effective date anticipated to be at or prior to the end of June"...

SOURCE / QUELLE: http://www.finra.org/Newsroom/NewsReleases/2010/P121365

The Shadow Banking System - Day 2
Session 1: Perspective on the Shadow Banking System

Henry M. Paulson, Jr.
Former Secretary
U.S. Department of the Treasury

Testimony: http://fcic.gov/hearings/pdfs/2010-0506-Paulson.pdf

The Shadow Banking System - Day 2
Session 2: Perspective on the Shadow Banking System

Timothy F. Geithner
Secretary, U.S. Department of the Treasury;
Former President, Federal Reserve Bank of New York

Testimony: http://fcic.gov/hearings/pdfs/2010-0506-Geithner.pdf

The Shadow Banking System - Day 2
Session 3: Institutions Participating in the Shadow Banking System

Michael A. Neal
Vice Chairman, GE; Chairman and Chief Executive Officer
GE Capital

Testimony: http://fcic.gov/hearings/pdfs/2010-0506-Neal.pdf

The Shadow Banking System - Day 2
Session 3: Institutions Participating in the Shadow Banking System

Mark S. Barber
Vice President and Deputy Treasurer
GE Capital

Testimony: http://fcic.gov/hearings/pdfs/2010-0506-Barber.pdf

The Shadow Banking System - Day 2
Session 3: Institutions Participating in the Shadow Banking System

Paul A. McCulley
Managing Director
PIMCO

Testimony: http://fcic.gov/hearings/pdfs/2010-0506-McCulley.pdf

The Shadow Banking System - Day 2
Session 3: Institutions Participating in the Shadow Banking System

Steven R. Meier
Chief Investment Officer
State Street

Testimony: http://fcic.gov/hearings/pdfs/2010-0506-Meier.pdf