Robert Siciliano Security Analyst at Safr.me
The problem of identity theft continues to grow. The victims face an incredible amount of resistance when restoring their good name. Most spend an overwhelming amount of time fighting credit reporting companies, creditors and even law enforcement to clear their names. Relief may be in sight. A consortium of a number of companies in the identity t...
26 February 2009 /security /regulation
Retired Member
Is short selling really bad for my investments' health? Following on from my previous blog... I have checked with my fund manager (a rather large Scottish institution), and they confirmed to me that there was no stock lending to support short selling. I presume they meant across the board, rather than just from my own rather meagre portfolio. I'd ...
26 February 2009 /regulation
Those that are praying Jacques de Larosiere and his team will produce a panacea to address all the shortcomings of Europe’s financial infrastructure today are likely to be disappointed. My sources tell me that while it will make useful recommendations on approach it certainly will not satisfy the political desire for dramatic action. That said, r...
25 February 2009 /regulation
It’s not just the banks that have taken a hammering recently, hedge funds have had more than their fair share too. Tainted by Madoff’s high profile Ponzi scheme and used as a scapegoat for much of the recent market turmoil, hedge fund managers must have been thinking that it couldn’t get any worse. That was until the recent Treasury Select Commit...
24 February 2009 /regulation
Most old-fashioned lending bankers would probably see the belated recognition that we need to reintroduce lending controls as a step in the right direction. For some time now, some of us have argued that there should be limits placed on the amount people can borrow, both from a salary and loan-to-purchase value point of view. We should never hav...
23 February 2009 /regulation /retail Online Banking
Steve Ellis Founder at Finextra Research
Well perhaps, that is if you take up Michael Moore's invitation to help him out with his next film project. < I am looking for a few brave people who work on Wall Street or in the financial industry to come forward and share with me what they know. Based on those who have already contacted me, I believe there are a number of you who know "...
23 February 2009 /regulation /wholesale
Kumar Jm Business Consultant at Indian Fortune 500
I found an interesting article captioned "Bill Adds Hurdles for Foreign Hires" on Wall Street Journal online edition. http://online.wsj.com/article/SB123517509078737427.html Serious lobbying is in progress to restrict hiring of expat experts / workers by banks receiving funding under the TARP program. To put things into perspective the cu...
21 February 2009 /regulation /wholesale
Robert Siciliano What happens when you have an unlocked door at the home of and employee at the top U.S. nuclear weapons laboratory? How about 3 stolen computers with yet to be disclosed data, that was said to be non-classified. We hope. Were the computers stolen to be resold for crack? Or for nuclear weapons secrets? We may never know. Or we ma
19 February 2009 /security /regulation
Robert Siciliano Often I’m called to provide perspective on breaking news as it relates to personal security, violence and fraud. Tonight it was bank robbery. In Boston a white male suspect in his 20’s has robbed at least 4 banks since Feb. 3rd and two of those were done today within a few miles of each other. In the first, he went up to a teller
18 February 2009 /security /regulation
Robert Siciliano 2/13/2 Not too long ago the CIO was a pocket protected, sugared up, soda pop drinking, potato chip eating, caffeinated, non sociable…..well….geek. Not anymore. But you knew that. Serious, Geek is getting even more sexy, stripper pole sexy. A familiar story, a colleague of mine built a tech startup, it has gone from $4 million to
13 February 2009 /security /regulation
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