Part 5 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up REDUX

Part 1 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up
by RoryKearney | July 11, 2008 at 07:13 am | 3795 views | 32
http://www.nowpublic.com/world/naked-shorts-75-000-cracking-wall-street-cover

Part 4 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up REDUX by RoryKearney | July 23, 2008 at 10:05 am | 220 views | add comment  

http://www.nowpublic.com/world/part-4-naked-shorts-75-000-cracking-wall-street-cover-redux

Now Playing

Hearings on Systemic Risk
http://boss.streamos.com/wmedia-live/financialserv/16489/300_financialserv-qwertyuiop_070131.asx


I believe these hearing are in the senate, on systemic risk. I believe he just said that it is their second hearing on systemic risk.

Systemic Risk and the Financial Markets


Thursday, July 24, 2008, 10:00 a.m., 2128 Rayburn House Office Building
Full Committee


Click here to watch live webcast of this hearing.

Washington, DC—House Financial Services Committee Chairman Barney Frank (D-MA) today announced the second in a series of hearings on the policy implications of the transformation of domestic and international financial markets, with a primary focus on the rise of potential systemic risk associated with the dramatic growth in the share of assets held outside the commercial banking system, the complex arrangements that link firms that are regulated differently (or not at all) and the increasing amount of leverage. Witnesses for this hearing will be New York Federal Reserve President Timothy Geithner, S.E.C. Chairman Christopher Cox.

The committee will explore the adequacy of current oversight and regulatory tools, and the extent to which existing structures are adequate to respond to future problems. Specifically, the hearings will examine:

* Current state of the financial regulatory system, both in the United States and abroad, and ways to measure and limit risk without stifling innovations and improve market liquidity and breadth.
* The implications of providing investment banks and others access to the discount window.
* In light of the collapse of Bear Stearns, proposals to improve the regulatory structure to better assess and mitigate systemic risk to avoid a similar or more serious crisis in the future.
* The need for enhanced capital and reserve requirements for financial firms.
* The adequacy of current powers of the Federal Reserve and other regulatory agencies to protect the financial system and the taxpayers.

Treasury Secretary Henry Paulson and Federal Reserve Board Chairman Ben Bernanke will appeared at the first of this series of hearings on July 10th. For more information on that hearing, please visit: http://www.house.gov/apps/list/hearing/financialsvcs_dem/hr071008.shtml


Witness List & Prepared Testimony:

To be announced

Available Member Statements:Printed Hearing:
The printed version of this hearing will be posted as soon as it is available.