April 27th, 2010
In today’s congressional hearings, Goldman Sachs was bluntly accused of fraud. Goldman Sachs has among the smartest people in the world working for them. Some of them are my friends. I don’t blindly support all things capitalism, but it’s infuriating to see Congress make a dog-and-pony show out of routine business practice to appease the [...]
May 16th, 2009
Federal Deposit Insurance Co. Chairman Sheila Bair said that the Obama Administration will force out big-bank executives who aren’t seen to be doing a “good job.” She said that in the wake of the “stress tests,” regulators will be asking: “Are there people who can do a better job?” And if the answer is yes, [...]
May 14th, 2009
A recent Op-Ed piece from the WSJ. This makes me so livid, I can’t put it in words. — Across the private sector, workers are swallowing hard as their employers freeze salaries, cancel bonuses, and institute longer work days. America’s employees can see for themselves how steeply business has fallen off, which is why many [...]