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GLOBAL FINANCIAL REFORM—THE SILVER LINING IN THE GOLDMAN SACHS CLOUD?
APR 20, 2010
Posted by John D'Agostino
All posts by John D'Agostino


One thing we know: the financial, and potentially political, turmoil stemming from the United States Securities and Exchange Commission’s recent civil fraud action against Goldman Sachs will be sizeable, not just for its implications on the world’s most influential financial institution – but for the political grease it supplies to the wheels of global financial reform. This reform will likely include both punitive and structural measures, and while the public may find satisfaction in the former, the latter is where real international progress can be made through the creation of global financial standards. While the Goldman Sachs case appears complex…... Full Text
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DOUBTING DUBAI’S DOUBTERS
DEC 3, 2009
Posted by John D'Agostino
All posts by John D'Agostino


The schadenfreude surrounding Dubai World’s request for a partial debt standstill is understandable, however lamentable. Dubai has the unfortunate timing of having experienced its tremendous evolution, and subsequent stumble, at the peak of populist displeasure with leveraged driven growth. The lack of specifics surrounding the crisis is partially Dubai’s fault. Seemingly advised by the same PR team as Tiger Woods, the crisis management strategy of ‘say nothing’ is resulting in Dubai finding itself tried and convicted in the court of public opinion without so much as offering a defense. This strategy becomes somewhat understandable if one considers the difficult job…... Full Text
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