The Good, The Bad, & The Ugly – Week of 12/17/2012

The Good

The Bad

  • Glenn Hubbard, leading academic at Columbia Business School (and of Inside Job fame), takes $1200 an hour (!) to defend Contrywide’s mortgage practices as an “expert” witness. Matt Taibbi at Rolling Stone
    December 20, 2012
  • Dealbook conference much too cozy with Lloyd Blankfein and Jamie Dimon. Dean Starkman at Columbia Journalism Review
    December 20, 2012

The Ugly

  • Incoming chairman of the powerful House Financial Services Committee, Rep. Jeb Hensarling views his job as “regulating the regulators” Also doesn’t favor breaking up big banks. Stephen Moore at the Wall St. Journal
    December 13, 2012
  • If you thought Barclays was bad, wait until you read about UBS’s Libor lies. “UBS didn’t just manipulate its own submissions, but actively attempted to manipulate other firms’ submissions as well.” Felix Salmon at Reuters
    December 19, 2012
  • UBS to pay a $1.5 Billion for interest-rate rigging that spanned a decade and is far more widespread than just two rogue traders. Prosecution of Japanese subsidiary shields the parent company. NY Times editorial
    December 20, 2012

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