I recently posted a new article on SSRN lamenting the ineffectiveness of the Dodd-Frank bill to prevent another debt crisis accompanied by a...

The estimated and revised GDP numbers are out today and as the graph above shows its dismal . It turns out the recession was significantly ...

While the Wall Street banking industry bears enormous responsibility for the financial market collapse of 2008, which continues to plague o...

On July 15, 2011, a commentator for the New York Times reported that: " Not only is Michele Bachmann, a leading Republican presidential...

The Federal Reserve finally imposed penalties on the banking industry for its role in predatory lending practices that enabled the housing ...

The SEC lost a big one today. In Business Roundtable v. SEC , the D.C. Circuit invalidated the Commission's proxy access rule promulgat...

It what can only be termed a historic bow to the banks over policy the Obama Administration announced yesterday that Elizabeth Warren will ...

The Republicans do not care about the budget deficit or the national debt, they only care about their precious Bush Tax Cuts. How else to ex...

The above chart shows the historic accumulation of excess reserves in the banking system. Today excess reserve accumulation stands at an unp...

Congress holds the power to limit Treasury Secretary Timothy Geithner's ability to issue more debt, and he only has a small amount left ...

The above image should appear odd to you. First, the red ink does not appear on Federal Reserve Notes, our usual form of money. Second, the ...

The media certainly accurately reported the significance of the 5-4 Wal-Mart v. Dukes decision ( penned by Justice Scalia ) that the Supre...

As previously argued on this blog , the Dodd-Frank Act stands as a monument to the recklessness and ineptitude of our governing political an...

On May 11th Raj Rajaratnam, the embattled head of the Galleon Group, a major hedge fund, was found guilty on 14 counts of securities fraud a...

A little over a week ago, Reuters broke a news story about Joseph "Chip Skowron's arrest on criminal securities fraud and conspira...