Prices for modern and contemporary art are soaring — $82 million for a Warhol print, $101 million for a Giacometti sculpture, $142 million for a Francis Bacon…
Insider Trading Is OK … Sometimes — Bull Market — Medium. It must be fun to go after insider traders. They’re rich people who cheat…
Two weeks ago, an investigation by ProPublica and This American Life illustrated the culture of deference, risk aversion, and general sucking-upitude among New York Fed bank examiners that effectively resulted in the capture of regulators by the banks they were supposed to be regulating.
In the United States, for the most part, you don’t have to do anything illegal: the system takes care of it for you.
via Who Are the Good Guys? — Bull Market — Medium. Last month, Judge Lucy Koh of the Northern District of California rejected a $324…
That’s one of the subplots of Big Money, by Politico reporter Kenneth Vogel, a book that I reviewed for yesterday’s issue of the New York Times Book Review. You can read that review, so I won’t re-review it here, except …
In an earlier paper (blog post here), I argued that corporate political contributions can in many cases be challenged by shareholders as conflicted transactions that further insiders’ personal interests (e.g., lower individual income taxes) rather than the…
It’s highly misleading to talk about the government’s positive nominal return as a good thing without evaluating it the way you evaluate any other investment.
If Larry Summers evaluates his own investments that way, then he should find someone else to manage his money.
one of my closing points is about the plethora of banking crimes/scandals/whoopsies that we’ve seen in the past few years
