Why have prosecutors allowed Wall Street executives to slither away into the 1 percent, or one-tenth of 1 percent, without paying a financial penalty or serving time?
Read More »Smart money is on Geithner to replace Bernanke
One of the more amusing parlor games played after a U.S. presidential election is figuring out who will get what important position in the next administration.
Read More »Commentary: Enjoying Nantucket, ex-CEOs want higher taxes
If you get Jack Welch, Lou Gerstner and Bob Wright — three of the U.S.’s most highly respected former executives — together in a room with David Gregory, the host of NBC’s “Meet the Press,” and there are no television cameras around, there are bound to be some fireworks.
Read More »Commentary: Romney’s Bain Capital destroyed lives of workers in Kansas City steel mill
Is there any fairness in a system where a group of people can borrow a bunch of money to buy a company and pay themselves millions of dollars in dividends and fees, while the company itself ends up bankrupt and its employees lose their jobs, health insurance and pensions?
Read More »Commentary: Wall Street’s kangaroo court gets a black eye
“Sunlight is said to be the best of disinfectants,” the future Supreme Court Justice Louis Brandeis famously wrote in a 1913 article for Harpers’ Weekly, and now, almost 100 years later, there is evidence that Brandeis was right.
Read More »Does Congress want another economic meltdown?
Here’s a question to consider as Congress prepares to grill JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon on Wednesday: Will the bank’s $3 billion (and growing) trading loss change anything on Wall Street?
Read More »Commentary: Wall Street justice system is a kangaroo court
A fair amount has been written recently about various institutional cartels that are thriving in the U.S. despite antitrust laws designed to prevent their existence.
Read More »Commentary: How Wall Street turned a crisis into a cartel
Almost 65 years ago, in 1947, the U.S. government sued 17 leading Wall Street investment banks, charging them with effectively colluding in violation of antitrust laws.
Read More »Commentary: Did psychopaths take over Wall Street asylum
It took a relatively obscure former British academic to propagate a theory of the financial crisis that would confirm what many people suspected all along: The “corporate psychopaths” at the helm of our financial institutions are to blame.
Read More »Commentary: When Ivy grads pick teaching over Wall Street
We are witnessing the decline and fall of the investment-banking profession as we have known it for the past 40 years.
Read More »Commentary: Turn underwater homes into college diplomas
The congressional supercommittee failed to compromise this week on how to close the country’s multi-trillion-dollar federal budget deficit and, as a result, a series of cuts, totaling $1.2 trillion, will automatically kick in.
Read More »