By now, most of you have probably heard: on Thursday night the Senate passed Wall Street Reform after a debate that had proceeded remarkably smoothly up until the last week or so. In fact, throughout the whole process, not much out of the ordinary for what the people should expect of...
Well folks, there is still about another week or so at a minimum before I can resume something resembling a normal post frequency, but I found snippets of time here and there to draft up a condensed version of this for my regular...
Okay, I apologize for the facepalm-inducing title, but it grabbed your attention, didn’t it? Happy bonus week to all, especially to those Wall Street bankers receiving performance-related bonuses for 2009. As much as I think the bonuses themselves are a little too large given the recession, this post is not so...
It may not be at the forefront of everyone’s mind lately, especially since the economy may finally be recovering from last year’s financial crisis. However, we must still reform the economy and the regulations that allowed this crisis to take place. The House of Representatives got...
As a society, we seem to follow a “never-again” philosophy. After Pearl Harbor, after 9/11, after the Great Depression and nearly every other tragedy in American history, we have collectively said “never again”. The same is true about the kind of behavior that led to the greatest financial collapse since the Depression. One year...
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