Relevant and even prescient commentary on news, politics and the economy.

Finally, prosecutions…

From Huffington Post comes this example of prosecutions of fraud and malfeasance (well, tongue in cheek if the pain was less, but 22 trillion IS a lot of money): The bank fired Richard Eggers from his job of seven years as a customer service representative after the company found out about a decades-old run-in with […]

But then again…

I can’t help but compare Yves Smith’s appraisal of SEC performance and either party’s political attitude to the previous post by Peter Henning: If you merely looked at the SEC’s record on enforcement, you’d conclude that it suffered from a Keystone Kops-like inability to get out of its own way. The question remains whether that […]

Populist rehetoric for the election campaign

Via The Dailey Beast is a link to Lehman Brother’s e-mails and documents and an unanswered question for investors and the public With the Occupy protesters resuming battle stations, and Mitt Romney in place as the presumptive Republican nominee, President Obama has begun to fashion his campaign as a crusade for the 99 percent–a fight […]