Bernard Sharfman never misses an opportunity to bend facts, law, and logic to try to justify the behavior of corporate executives and directors. On the ultra-right Real Clear Markets, funded by “ATM of the far right” Donors Trust and the usual gang of billionaires, he is whining about the shareholder initiatives to vote no on…
Tag: finance
Banks Bully the Fed into Backing Down on Capital Requirements
How do regulated entities “play hardball?” What is the basis for their bargaining position? In theory, the Fed is in the power position. Allowing financial institutions to bully the Fed into allowing more risk cannot be good for consumers, investors, or the economy. JPMorgan Chase’s Jamie Dimon and other big-bank CEOs played hardball with the…
ValueEdge Advisors 