Author: allan d. grody

Unintended Consequences – The Common Denominator in Health Care and Financial Reform

At the end of last year, the Volker Rule was written into law by the five U.S. regulators who will oversee its implementation. Regulators, policymakers and political leaders have declared both Obamacare and Dodd-Frank finally finished…except they forgot to say that now comes the hard part….implementation. The push to make the country’s banks safer creates new uncertainties for business. A regulation that aims to reduce risks in the financial system is likely to have the opposite effect.

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Oh Where, Oh Where has the Wall Street Partnership Gone?

In the 1970s, before financial institutions became public shareholder owned companies, a partnership model prevailed. Following Greg Smith’s infamous New York Times op-ed on Goldman’s alleged money-crazed culture, Allan Grody asks the question, has globalization eviscerated the partnership culture?

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