If you want to see a perfect example of how completely broken our regulatory system is look no further than a speech that Daniel Gallagher one of the SEC’s commissioners recently gave in Denver...
A suit has been filed by Facebook shareholders against Mark Zuckerberg Facebook Morgan Stanley and others Its based on a very simple concept when internal analysts learned that Facebook’s numbe...
It doesn’t happen often but sometimes God smiles on us Last week he smiled on investigative reporters everywhere when the lawyers for Goldman Sachs slipped on one whopper of a legal banana peel...
A quick note on the disastrous news emanating from JP Morgan Chase whose unflappable (well unflappable until yesterday) CEO Jamie Dimon yesterday disclosed that the bank suffered $2 billion in tradin...
It didn’t take long to crank up the backlash against European voters This is inevitable whenever a socialist wins a major election but particularly now when new French president François...
I was channel-surfing the other day looking for something genuinely interesting on television like maybe a repeat of the Big Ten Networks Diamond Report or video of a wrecked Nazi tugboat when my fin...
In Men’s Journal last year I coughed up one of my darkest personal secrets – a psychotic obsession with the NFL draft Suffice to say that the disease has progressed my wife thinks I&rsquo...
So the Senate Banking Committee is beginning hearings today on the MF Global scandal hearings entitled "The Collapse of MF Global Lessons Learned and Policy Implications" Apparently the gover...
The Times has an editorial today about the future of the US Postal Service Postal officials say they must close about 3700 underused post offices (there are 32000 nationally) while offering alternati...
I originally was going to post this video and just direct readers to my appearance on the always-excellent Max Keiser report at the 1230 mark – Max who usually lives in Paris is in the States a...
Have been on deadline this week but wanted to post a few interesting links • I hope everyone saw ex-Federal Deposit Insurance Corporation chief Sheila Bair’s editorial in the Washington Po...
A number of people many of them enthusiastic supporters of President Obama wrote in to complain about my last piece about the JOBS Act The gist of many of these letters was that the new deregulatory ...
Boy do I feel like an idiot Ive been out there on radio and TV in the last few months saying that I thought there was a chance Barack Obama was listening to the popular anger against Wall Street that...
An amazing lawsuit was filed in New York last week It seems Mike Bloomberg’s notorious "stop-and-frisk" policy – known colloquially in these parts by silently-cheering white voter...
Wall Street is buzzing about the annual report just put out by the Dallas Federal Reserve In the paper Harvey Rosenblum the head of the Dallas Feds research department bluntly calls for the breakup o...
A quick housekeeping note I’m going to be appearing at an event at Gaston Hall at Georgetown University tonight at 700 pm The event called "Blueprint for Accountability" is a wide-rangi...
A friend of mine sent this article from Bloomberg along with the simple comment "Perfect" Whats perfect? That the banks that have been caught repeatedly ripping off communities and munipaliti...
Heres yet another form of hidden bailout the federal government doles out to our big banks without the public having much of a clue This is from the WSJ this morning Some of the biggest names on Wall...
Wall Street is buzzing this morning about a resignation – a historic one Greg Smith the executive director and head of Goldman Sachs’s United States equity derivatives business in Europe ...
In a story that should be getting lots of attention American Banker has released an excellent and disturbing exposé of JP Morgan Chases credit card services division relying on multiple curren...
Remember the story about the Wall Street guy who rented out all 94 rooms of an Aspen hotel for three days for his daughters Bat Mitzvah? The main character in that tale was an individual named Jeffre...
It looks like Bank of America might have started circling the drain before the Occupy movement even had a chance to launch its campaign against the company For weeks now there have been ominous signs...
So Andrew Breitbart is dead Here’s what I have to say to that and I’m sure Breitbart himself would have respected this reaction Good! Fuck him I couldn’t be happier that he’s ...
Occupy Wall Street is kicking off a new series of actions today and as part of the campaign Im going to be speaking at Bryant Park at 11 am through about noon when a march will beginThe topic is Too-...
How about that race for the Republican nomination? Was last nights debate crazy or what? Throughout this entire process the spectacle of these clowns thrashing each other and continually seizing and ...
As a journalist there’s a buzz you can detect once the normal restraints in your business have been loosened a smell of fresh chum in the waters urging us down the road to war Many years remove...
Courtesy of good friend David Sirota who has also written on the subject I heard today that the Human Rights Campaign the organization that advocates for equal rights for gay lesbian and transgender ...
So the foreclosure settlement is through A few weeks back I was optimistic about it – I had been worried that it was going to contain broad liability waivers for all sorts of activities and I w...
Everybody on Wall Street is talking about the new piece by New York magazine’s Gabriel Sherman entitled "The End of Wall Street as They Knew It" The article argues that Barack Obama kil...
So there was big news yesterday on the foreclosure settlement front We still have to wait and see what the final deal looks like but there are reports out that the long-awaited settlement is a far fa...
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