Profile picture
, 3 tweets, 1 min read
My Authors
Read all threads
*13 years* after credit ratings went kaput, regulators consider whether having the companies that issue the bonds pay for the ratings, creating endless pressure for better ratings as a condition of getting more business, is a bad idea wsj.com/articles/sec-r…
"Are there other ways to address the issuer-pay conflict of interest?"
Well, yes, CONGRESS PASSED ONE TEN YEARS AGO THAT THE SEC BLEW OFF newrepublic.com/article/119256…
This is almost verbatim what Congress passed, which the SEC just "discovered"
Missing some Tweet in this thread? You can try to force a refresh.

Enjoying this thread?

Keep Current with David Dayen

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

More from @ddayen see all

Profile picture
David Dayen
@ddayen
1/ This is a great piece about Amazon's business lending arm by @ShaoulSussman. A brief explanation: prospect.org/economy/how-am…
2/ most small business loans use asset-based collateral, where the lender can inspect inventory and call it in if there's a default.
You can't do this with an Amazon-based business.
3/ Amazon holds the merchandise at their warehouses, commingles the inventory with other sellers' products. So that whole area of financing is locked out for third-party sellers. Enter Amazon to solve the problem it caused.
Read 6 tweets
Profile picture
David Dayen
@ddayen
OK, so here I am at @theprospect on how one important market - pharmaceuticals - ended up being so dominated by China and so at risk from coronavirus. Turns out these hospital buying groups called GPOs decimated the domestic generic drug industry. prospect.org/health/behind-…
@theprospect Here's the story on this: GPOs are these bulk purchasing groups for medical supplies and drugs used in hospitals. Buy more, get discounts, everyone wins, right? Wrong.
In 1987, Congress added an exemption to the anti-kickback statute so GPOs could be paid by the suppliers, not the hospitals. GPOs now "make money by selling sole-source contracts to the highest bidder." They stick up the suppliers for access. prospect.org/health/behind-…
Read 5 tweets
Profile picture
David Dayen
@ddayen
NOW we know who The Can Kicks Back reached
That is admittedly a deep cut so here's @dceiver to 'splain huffpost.com/entry/the-can-…
@dceiver This wasn't an off-handed comment either.
Read 7 tweets

Related threads

Profile picture
Mr. Orange
@Mr0rangetracker
Okay, this Europol on Telegram thing worked, easily the heaviest hit jihâdism online has ever taken. I like how most of the old channels simply lost their admins, the channels are still available as an archive. Good for research.
In the past most action was intended to wipe propaganda - especially videos - from the web. Made it somewhat annoying to search for older things but really didn't work.
This was about distribution of new propaganda. The only cases I specifically remember in the past was the 10 years 911 video of #AQ and #AQAP's Inspire (don't remember the issue) that were delayed some days due to high pressure by security services.
Read 4 tweets
Profile picture
Funter
@Funter21510910
There have been a flurry of public issue of NCDs lately. These issues are primarily from NBFCs who are finding it tough to raise funds though banks and MFs. Here, I explain why the public issue NCDs are not in the interest of retail investors. Thread (1/9)
A) There is a common misconception that public issue NCDs are akin to Fixed Deposits (FDs). FDs of PSU banks are covered under the umbrella limit of 1 lakh deposit insurance. NCDs are not. A case in point is the expected loss to retail investors in DHFL public issue NCDs. 2/9
B) The rate offered by these NBFCs in public issue is much lower than what they offer in privately placed deals. Further, a substantial fee is cornered by brokers for selling these NCDs to retail investors. 3/9
Read 13 tweets
Profile picture
David Jensen
@RealDavidJensen
@Halsrethink @RemainSovereign @TFMetals @BullionStar @jameshenryand @michaellebowitz @dlacalle_IA @DA_Stockman @RonPaul @RonPaulInstitut @MarkTOByrne @MarkYusko @ErikSTownsend @AndrewBellBNN @realDonaldTrump @LouDobbs @Varneyco @MariaBartiromo @gatewaypundit @JeffSnider_AIP @TruthGundlach @epomboy @PaulCraigRobert @LanceRoberts @TheBubbleBubble @POTUS @TayTayLLP @ronanmanly @jimiuorio @MoneyMetals @stranahan BRICS nations for years openly discussing trade w/ "parallel" monetary system including gold trade settlement.
Saudi put in place RippleNet alt. to SWIFT that allows bank-to-bank real-time settlement in any medium of trade.
Italy signalling ready to go.
@Halsrethink @RemainSovereign @TFMetals @BullionStar @jameshenryand @michaellebowitz @dlacalle_IA @DA_Stockman @RonPaul @RonPaulInstitut @MarkTOByrne @MarkYusko @ErikSTownsend @AndrewBellBNN @realDonaldTrump @LouDobbs @Varneyco @MariaBartiromo @gatewaypundit @JeffSnider_AIP @TruthGundlach @epomboy @PaulCraigRobert @LanceRoberts @TheBubbleBubble @POTUS @TayTayLLP @ronanmanly @jimiuorio @MoneyMetals @stranahan More to the point - #gold seems to be the focal point of new trade settlement system.

“Fiat money, in extremis, is accepted by nobody. Gold is always accepted." Alan Greenspan.

realnoevremya.com/articles/2075-…
@Halsrethink @RemainSovereign @TFMetals @BullionStar @jameshenryand @michaellebowitz @dlacalle_IA @DA_Stockman @RonPaul @RonPaulInstitut @MarkTOByrne @MarkYusko @ErikSTownsend @AndrewBellBNN @realDonaldTrump @LouDobbs @Varneyco @MariaBartiromo @gatewaypundit @JeffSnider_AIP @TruthGundlach @epomboy @PaulCraigRobert @LanceRoberts @TheBubbleBubble @POTUS @TayTayLLP @ronanmanly @jimiuorio @MoneyMetals @stranahan When a central banker or economist mentions 'stimulus', they are talking about diluting the currency through debt currency issuance - to create REAL GROWTH.

This is the insanity & silly talk promoted by central bankers globally.

Nobody asks the question.

#centralbanking #gold
Read 55 tweets
Profile picture
Ian Danskin
@InnuendoStudios
Having finished The Authoritarians, it's time to start a new thread of #IanLivetweetsHisResearch. Today I am finally getting past the introduction of How Propaganda Works by Jason Stanley.
Having slogged through some proper academic writing in my day, Stanley's writing is blessedly accessible. But after Altemeyer's light tone and constant dad jokes, Stanley's reads as pretty dry.
So far the introduction is full of a lot of quotations about the nature of democracy, from Victor Klemperer to Elizabeth Anderson to Plato. OF COURSE Plato.
Read 409 tweets

Trending hashtags

#tariff #Foxconn #Mercosur #tradewar #Treasuries #Germany #QTNA #OOTT #inflation #SouthKorea #ERANow #EUR #drones #Finland #EaglePride #IBM #chipmakers #enforcement #oil #Pork #Britain #Russia #Huawei #Intel #deal

Embed code for your website

×
Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!