One morning almost two weeks ago, securities regulator Greg Medcraft awoke in Sydney to an extraordinary news story about American hedge fund tsar Carl Icahn accusing the world’s biggest investment firm, BlackRock, and Federal Reserve chair Janet Yellen of pushing bond investors partying on a bus “over a cliff”.
As chairman of the Australian Securities and Investments Commission and head of the influential International Organisation of Securities Commissions (IOSCO) that is responsible for identifying emerging risks, Medcraft was acutely aware of the claims behind Icahn’s dire warning…
Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
For the full story, click here
Australian Financial Review AFT, by John Kehoe
