1. “When it comes to the home mortgage boom and bust, who was to blame? The borrowers? The lenders? The…
As the bailouts in the current bust inexorably mount, financed in rapidly increasing U.S. government debt, one might wonder whether…
Asset bubbles inflate because enough people believe that the good times of expanding credit and rising asset prices will last…
Many of us argued against Financial Accounting Standard (FAS) 133, a big step on the downhill path of “fair value”…
The most notable thing about Treasury Secretary Hank Paulson’s proposed plan for restructuring financial regulation is the expansion of the…
With the 2006 elections, we have a federal government divided on partisan lines between the legislative and executive branches. But…
WASHINGTON — With today’s intense network of communication, the Securities and Exchange Commission cannot regulate the capital markets from an…