A brief history of alarmist—and wrong—Wall Street predictions about the effect of new regulations.
The SEC's lawsuit shows how Goldman Sachs put its own interests ahead of its customers'.
Why the former Massachusetts governor should run health care reform.
One of the strangest, and yet most predictable, comments about the passage of health care came from former House speaker Newt Gingrich. Gingrich told The Washington Post that Obama, by pushing for health care, "will have destroyed their party much as Lyndon Johnson shattered the Democratic Party for 40 years" by pushing through Great Society programs. ...
Why political futures markets got the health care bill so wrong.
An overly aggressive banker, fishy accounting, and Wall Street wrongdoing—those are the elements featured in 'Union Atlantic,' a new novel by Adam Haslett.
Why does anyone buy insurance policies that pay off only if the U.S. goes bankrupt?
The bogus Republican claim that Obamacare is a government takeover of one-sixth of the economy.
Some people have ideas about how to change things in Washington. And some people like to give the appearance of having ideas about how to change things in Washington. For example, Reps. Mike Pence and Jeb Hensarling in Wednesday's Wall Street Journal laid out a plan for recapturing the political and moral high ground on spending and, by the way, saving the nation from impending fiscal collapse. Don't raise taxes. Simply enact a Constitutional amendment. "This amendment would limit spending to one-fifth of the economy (our historical spending average since World War II). The limit could only be waived by a declaration of war or by a two-thirds congressional vote." If spending were to come in at a level of 21 percent of GDP in a particular fiscal year, the Constitution would require Congress to reduce spending by 1 percent of GDP—about $150 billion or so based on 2009's figure. ...
How inept boards of directors are ruining once great American companies.