The old rules went like this.
A big, Wall Street bank commits fraud, and is called on it by the SEC. The two parties then agree to a settlement, which puts an end to any allegations of fraud. The big bank
At a recent debate, Newt Gingrich told America that he received $300,000 from Freddie Mac for his advice as "a historian."
And late last night, we learned from Bloomberg that Gingrich actually
Remember how badly the SEC bungled the Madoff case?
Well, it finally disciplined (Continued...)
Thanks for your encouraging comment! I really appreciate it.
This week we learned that the big Wall Street firms have been promising the SEC that they wouldn't commit fraud again, as part of their typical deals with that organization when they break the law. The problem is that they've been
The MF Global debacle is a perfect case study for what's wrong with Wall Street.
There's the excessive risk taking; humongous egos; poor risk managment; possible criminal compliance failures. And then
@leohass, Not sure what you mean by "settled." Yes, industrialization was a positive thing economically over the long term. That doesn't change the fact that many people experienced it negatively, particularly in the
Here's a piece I wrote about the relationship between technology and unemployment for Fool.com:
Thanks, Alyce! Yeah, the bleeps are funny -- they came with the transcript. I don't think CAPs would have let me say the word anyway, however.
Michael Lewis visited the Fool recently, and he spoke with us about Wall Street, Europe, and a variety of other subjects. I wrote an article today for Fool.com about the visit: