http://www.streetdisclosure.com/sdc_blog Wed, 08 Feb 2012 23:19:42 +0000 http://backend.userland.com/rss092 en When the four horseman were being minted by the crumbling US banking system in 2008 (JPM Chase, Wells Fargo, Citi & BofA ), they were left holding ~ 60% of US loans & deposits. The transactions creating these institution resulted in an immense concentration of risk and monetary power. They ... http://www.streetdisclosure.com/sdc_blog/2012/02/too-bignot-to-fail/ Reverse Mergers (RM) go by a lot of names because there is an odor to them. The various names are meant to dispell the aroma the transaction implies....that there's a reason the accounting acquiror did not or could not go through the front door to become public (IPO) and instead ... http://www.streetdisclosure.com/sdc_blog/2012/02/reverse-mergers-credibility/ A staple of free market theory is that it will allocate capital efficiently. This has generally come to mean capital will find its way to the ideas that utilize it so well that the invested capital will be returned, along with a premium that covers the time value of money, ... http://www.streetdisclosure.com/sdc_blog/2012/01/the-velocity-of-money/ The headline re: S&P's downgrade of a host of European sovereigns, including France, is another non-event. Ditto the downgrade of the US before it ("Investors seek safety of US Treasuries)" . The credit rating agencies do not measure up to the credentials required for a competent canary in the coal ... http://www.streetdisclosure.com/sdc_blog/2012/01/reckoning-an-old-spend/ There are many pieces that must be brought under a common regulatory and practice framework for global IFRS convergence to be actualized. A recent UK ruling and fine against PWC presents a good example of the significant practice differences among sovereign authorities oversight of domestic offices of international audit firms. The ... http://www.streetdisclosure.com/sdc_blog/2012/01/ifrs-convergence-auditor-oversight/ Does trading constitute a market? When a market for securities, commodities, etc. trades actively, daily, with willing buyers & sellers engaging each other in an exchange of ownership interests, does it inherently constitute a legitimate market? Are there qualitative factors that bear on the validation of a market as legitimate? Including that ... http://www.streetdisclosure.com/sdc_blog/2012/01/black-markets/ A central and unanswered question re: banking in democratic societies of the 21st century is what function does it serve and who is its master? Banks don't get created through the customary business formation process. They are not founded by one or more parties who have developed an idea responsive to ... http://www.streetdisclosure.com/sdc_blog/2012/01/whos-minding-the-repo-store/