Month February 2009

Stanford, Madoff, and the SEC

But the bottom line is that a guy in the drug trade, with amazing connections to politicians (the latest are Bill Clinton and Nancy Pelosi), was treated with kid gloves by regulators, who could’ve easily nailed him first but… didn’t.…

California finally passes budget

But I’m unclear if the 8 ballot measures to be voted on in an emergency election in May must pass else the whole train wreck starts over again. There’s nothing to cheer about here. The budget cuts will affect the…