"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
Barclays PLC agreed to pay $298 million to settle charges by U.S. and New York prosecutors that the U.K. bank altered financial records for more than a decade to hide hundreds of millions of dollars in payments flowing into the…
But Dodd-Frank was neither an FDR-style, paradigm-shifting reform, nor a historic assault on free enterprise. What it was, ultimately, was a cop-out, a Band-Aid on a severed artery. If it marks the end of anything at all, it represents the…
Wall Street goes back to selling crap again. Oh, pardon me, I meant to call them by their official name, “structured notes.” They are opaque, difficult to understand securities promising high yields but with minimal disclosure. Sounds familiar, doesn’t it?…
Rumors are flying that Obama may order Fannie and Freddie to forgive $770 billion in underwater mortgages, thus giving his Wall Street benefactors yet another huge gift and perhaps bolstering Democratic chances in November. At this point one thing is…
Feinberg said Wall Street was “ill-advised” to pay themselves so much but declined to actually do anything about it, like demand the money back. Pathetic, isn’t it?