The SEC has once again treated Wall Street miscreants with kid gloves, slapping two ex-Bear Stearns hedge fund managers with penalties that your grandmother could pay off.
Insider trading was in the news this past week. A growing national scandal was supposedly put to rest. After six years of rejecting any punitive limits on its ability to trade on insider information, Congress finally passed the Stop Trading on Knowledge, or Stock Act. Last Thursday it passed 417 to 2.
“Mitt Romney says he’s not concerned about the very poor because they have safety nets to protect them. He says he’s concerned about the middle class. Romney doesn’t seem to realize how much of the middle class is becoming poor” -Robert Reich
President George W. Bush says he’d do the bailout again: ““I’d make the same decision again if I had to,” explaining that he “didn’t want to gamble.”
You’ve probably heard the expression “When a butterfly flaps its wings, it can cause a hurricane to form halfway around the world.” That simple little saying suggests just how unpredictably complex a system can be. But it’s not just our weather that can be described as complex. Virtually every system in the world can be described in the same way.
Why am I not surprised that the government has no qualms about giving away our tax dollars? From 2010 through 2011 companies got a big tax break for buying computers, engines and other equipment. The tax break is still in force but has been cut in half. The result? You can point
Ron Paul wants a gold-backed currency and a smaller government. I couldn’t agree more. But the conservative journal, the Weekly Standard, has brought to light aspects to Paul’s thinking I find indefensible. Quoting former senior aide Eric Dondero (recently fired for “insubordination”), the Weekly Standard said that Paul “does not believe
Do private equity investment firms create or destroy jobs? Romney’s resume as head of Bain Capital sparked the debate in New Hampshire and it now continues in South Carolina and other states. First off, I don’t believe what any politician says on the subject. I’ll wait for a well-researched academic study to
