Tag Archives: kbe

Which Financial ETFs Benefit From Reform Uncertainty? Which Could Break Down?

Gary Gordon submits: A year-long battle over health care reform kept their ETFs in check, though not due to the proposed regulations and possible restrictions. Wall Street simply hated the uncertainty. Once the political cloud lifted, however, many began picking medical device makers , biotech and brand name pharma as market out-performers. So here comes the next wave… financial reform. Considering the systemic breakdown of 2008, the Bernie Madoff scandal and the class warfare of Wall Street versus Main Street, it’s a bit surprising that Congress waited until 2010. Nevertheless, there’s plenty of “how-to-fix-the-system” ideas on the table. Complete Story

Why I Don’t Like the ‘Saving the World Forever’ Approach to Financial Reform

Rortybomb submits: Paul Krugman writes about the current financial reform efforts, and uses a great metaphor for regulatory regimes. Greek armies were specialized and fought better when they had great leaders, while Roman armies were more generic but robust to poor leadership. “And in the end, since mediocre leaders are the norm, the Roman way prevailed.” Heh. Complete Story