Tag Archives: Lee Reiners

High-Frequency Trading Comes to Cryptocurrency

By | April 24, 2019

Courtesy of Marissa Cantu and Lee Reiners Amidst last December’s stock market volatility, Treasury Secretary Steve Mnuchin argued “high-frequency traders combined with the Volcker Rule” were to blame.  Secretary Mnuchin then announced he intended to ask the Financial Stability Oversight Council to review how market structure, in conjunction with high-frequency trading, contributes to stock market… Read More »

Why a Bitcoin Bubble is a Good Thing

By | December 5, 2017

Courtesy of Lee Reiners, Ryan Clements, and Sean Semmler In the late 1990s, it was widely understood that Beanie Babies – a line of miniature stuffed animals – were in the midst of a speculative bubble. At one point, Beanie Babies made up 10% of eBay’s sales and over 60% of American households owned at… Read More »

The Case for a Cryptocurrency Market Bubble

By | November 22, 2017

Courtesy of Lee Reiners, Ryan Clements, and Sean Semmler Predicting the future price of Bitcoin and other cryptocurrencies is a fool’s errand. If you believe otherwise, take a look at BitcoinObituaries.com, which provides a running list of articles from publications such as The Economist and The Wall Street Journal that proclaim the end of Bitcoin… Read More »

Wells Fargo Unauthorized Account Openings: A Case Study for Bank Board Directors

By | April 26, 2017

Courtesy of Joseph A. Smith Jr. and Lee Reiners This case study draws primarily – and in some instances quotes verbatim –  from the 113 page report of the Wells Fargo board’s independent investigation of retail banking sales practices.  The case study also relies on the Office of the Comptroller of the Currency’s report titled:… Read More »

How Wells Fargo Illustrates the Failure of the CFPB Class Action Waiver Rule

By | November 23, 2016

Courtesy of Barret Jackson Nye and Lee Reiners The scandal at Wells Fargo has placed big banks’ use of forced arbitration clauses under the microscope. When then Wells Fargo CEO John Stumpf testified in front of the Senate Banking Committee shortly after the scandal broke, he was asked by Senator Sherrod Brown (D-Ohio) whether his… Read More »