Crime and (No) Punishment. Still. “President Obama [chose to] save the banks rather than throw all the bankers in jail, which they deserved.” –Thomas Friedman, “Hard Lines, Red Line, and Green Lines“; The NYT (9/23/2012). As unsavory as Richard Nixon’s pardon by Gerald Ford was, you could at least argue two things: 1) it was...Read More
Unabridged and Cliff’s Notes People who know my background and views frequently ask me what I recommend to someone who wants to learn more about “the current (financial) unpleasantness.” Besides this blog, that is. 🙂 My response: “how much time do you have?” From most-to-least time-consuming, here are my recommendations. A weekend: Michael Lewis’ fabulous...Read More
Looking for the New Volcker’s Regular readers of this blog know that I could hardly be a harsher critic of modern-day Wall Street: its practices; its obscene pay for little or no economic contribution (“Wall Street is Worthless“); and its corrupting influence on our government and society generally. And I’ve got plenty of company. As...Read More
