US Department of Justice

Indictment in Enron-Like Accounting Fraud Case

Another indictment was handed down in a burgeoning accounting fraud which harkens back to Enron. Edward DiMaria is the former Chief Financial Officer at Bankrate Inc. He is charged “in an indictment unsealed today for…

Currency Hyper-Deflation Is Not Necessarily Good

The whole bitcoin craze may be happening based on the faulty assumption that currency hyper-deflation is any better than currency hyper-inflation. A historic primer: Immediately after World War 1 and continuing into the mid-1920s, the…

CBO Gives Thumbs Up to CRT Markets

The Congressional Budget Office (CBO) gave a thumbs up to the mortgage Credit Risk Transfer market. The primary function of the CBO is to “score bills”, a process by which the office predicts the effect…

Bitcoin is a Fad, and That’s a Problem

Crypto-currencies are all the rage and that’s a problem. The Fad Problem In August, The Industry Spread warned, “If it’s a fad, it’s a problem,” when analyzing whether or not crypto-currency was in a bubble.…

Fiduciary Rule Repeal Bill Scored by CBO

The Congressional Budget Office (CBO) has scored a bill which would repeal the controversial fiduciary rule. The Protecting Advice for Small Savers (PASS) Act received its CBO scoring, and the CBO believes it will have…

CFTC Staffers Explain How New Bitcoin Product Was…

In the latest Commodities Futures Trading Commission podcast, several CFTC staffers discussed how the CME and CBOE Futures Exchange (CFE) bitcoin futures got approved. [caption id="attachment_185786" align="alignleft" width="127"] Andrew Busch, Chief Market Intelligence Officer for…

Paths to Mortgage Securitization Reform Discussed in House

While mortgage securitization is critical to house financing reform, the path to get there remains a matter of debate. The House Financial Services Committee has touted two different proposals. One was put forward by the…

MEX Exchange launches in Australia

“MEX Exchange is a young brand, and I believe we have had a great start to position ourselves in the market space.”The Industry Spread speaks to MEX Exchange CEO, Jacob Nel, about the company’s launch,…