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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

A couple of weeks ago US Senate Republican Leader Mitch McConnell stood on the Senate floor and proclaimed that the Democratic Finance Reform Bill would “allow endless taxpayer-funded bailouts.”   It would, he argued, perpetuate “too big to fail.”

The White House ...Read more

Americans should take a good and sustained look at Europe next month.  Germany has  key district elections on May 9, and Greece has $11.4 billion in eurobonds maturing on May 18.  We can learn a lot about politics ...Read more

The Securities and Exchange Commission (SEC) made two important announcements last Friday.  The first continues to make headline news across the country.  It informed the public that the SEC is charging Goldman Sachs with defrauding several customers, and doing so ...Read more