corruption

This is me thinking out loud (on paper). Comments are appreciated. During crisis we often see economics come toe-to-toe with ideology because government becomes a more openly active player in our lives. This crisis has been no different.…

Here are two stories I found interesting. The first is on a BIS paper which says that there are no real scale economies beyond a certain point in banking. Company size is driven by the implicit taxpayer guarantees too big to fail financial…

I heard this about Bell, California on the car radio this morning. The sums involved are absolutely astronomical for a town of 37,000.  This may be an extreme case but it far from isolated. Hundreds of residents of one of the…

Must Read: Government and civil liberties The DISCLOSE Act: New Media, Old Politics, and the Fight for Public Data « The Scholarly Kitchen Also see Military: U.S. soldier to be charged in leak of strike video – This Just In -…

Below is a very entertaining interview with Howard Davidowitz on financial reform and the credit crisis with Aaron Task and Henry Blodget of Tech Ticker (hat tip Scott). Davidowitz says don't expect any substantive changes, especially…

Let's re-visit one of the more salacious stories to hit the papers in the post-Bernie Madoff era. I'm talking about the story of Lenny 'Nails' Dykstra, the former all-star baseball player turned stock picker made by TheStreet.com's Jim…

Charlie Gasparino rips Warren Buffett for his stance on the ratings agencies and their role in creating the financial crisis. Here's the money quote: He believes that a sleazy business and it makes a lot of money so he's gonna own…

The following is the text of a James K. Galbraith’s written statement to members of the Senate Judiciary Committee delivered this May. Original text is here. Chairman Specter, Ranking Member Graham, Members of the Subcommittee, as a…

Subscribe to Our News Feed If you would like to receive our links in real-time please follow me at @edwardnh. Must Reads Gordon Gekko is back at Cannes and he's brought the 1980s with him | Film | The Guardian FT Alphaville…

  Hat tip Scott.