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

Is the $8.5 billion Foreclose and Fraud Settlement Enough of a Penalty?

by run75411 Update: Besides not prosecuting particulars who promulgated much of 2008, what makes this settlement bad is letting banks off the hook: “In the settlement announced Monday between the Federal Reserve, the Comptroller of the Currency and ten of the largest banks and other mortgage providers, the government gives up the right to prosecute banks […]

SCOTUS Chastises Congress and the Executive Branches

by run 75411Update:  Beverly Mann adds this note lifted from comments: The Supreme Court is rarely in session. It’s seasonal, part-time work. They usually hear argument in 10 cases a month, seven months a year. In December, they didn’t hear even that many.There’s really sooo much that can, and should, be said about the issue […]

Opponents Into Frenzy

by Barkley Rosserre-posted from Econospeak with permission from the author Lack Of Market Reaction To SCOTUS Ruling On Obamacare Sends Opponents Into Frenzy The day before yesterday, former Obama advisor Austan Goolsbee published a column in the Wall Street Journal entitled “The Supreme Court Rules, The Market Yawns,” noting only a small drop in the […]

The Supreme Court’s Decision in In re Bilski:: does it allow tax patents or not?

by Linda Bealecrossposted with Ataxingmatter The Supreme Court’s Decision in In re Bilski:: does it allow tax patents or not? The Supreme Court handed down its decision in Bilski Monday, holding, as almost everyone had predicted, that the hedging process that was the subject of the Bilski claim was unpatentable. Download Bilski at SCOTUS 08-964. […]