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Joe Klein, blogging for Time, recently declared, ” There is something profoundly diseased about a society that idolizes its ignoramuses and disdains its experts.”  For  Klein and many like-minded “experts,” the “diseased” are us, the American voters, especially those voters ...Read more

Last Thursday, the US Senate passed S.3217, a financial reform bill supposed to reign in Wall Street and prevent a repeat of the recession in whose midst we still suffer.  At least its title, “Restoring American Financial Stability Act of ...Read more

Most of us haven’t a clue about what happens on Wall Street.  We wouldn’t know a “credit swap,” from a “derivative” or a “mortgage pass through” (this last one sounds like it might be painful).  The 1700+ page bill being written in ...Read more

Barney Frank, D-MA, takes  gamblers’  interests to heart.  As Chairman of the House Financial Services Committee (HFSC), he plans to replace the Unlawful Internet Gambling Enforcement Act (UIGEA), a regulation made in the “midnight hours” of the previous Administration, with ...Read more