Category Archives: Regulation

Just When You Think New York And The US Have Done All They Can Do To Force Capital to Flee Overseas . . .

EU banker pay caps and “transparency” rules to prove a boon to EU financial market competitors. The EU has capped banker bonuses and will require a “strict transparency regime.”  This proves that you don’t have you win if the other … Continue reading

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A Closer Look At the Description of Parker Drilling’s Proposed Settlement with DOJ, SEC

Parker Drilling will pay a bunch of money, promise to be good and tattle on itself for three years. If not, all bets are off and DOJ and SEC can still unleash the hounds. Parker Drilling Company (PKD) announced today … Continue reading

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Valley Forge Composite Welcomes New Directors As It Welcomes An Investigation Into Allegations of Illegal Exports of Military Equipment to Hong Kong

New Directors: “We are excited to be on the board. Now about those D&O policies . . .” The setup: Valley Forge Composite Technologies, Inc. (VLYF), a bulletin board company, is in the business of selling mechanical devices (momentum wheels) … Continue reading

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U.S. To Sue S&P Over Mortgage Securities Ratings

In completely unrelated news, S&P downgraded the United States’ credit rating in August 2011. Standard & Poors Rating Services, a subsidiary of The McGraw-Hill Companies, Inc. (MHP), issued a press release announcing that the U.S. Department of Justice told them … Continue reading

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