Turnaround at the SEC

At SEC, a Scholar Who Saw it Coming I’ve been tough on the SEC. Talked about their incompetence. Blogged (or is it blahhed?) about their failure to catch Bernie Madoff, even after Harry Markopolis served him up. Now, I’m thinking the commission has turned...

What Slang Should We Ban During 2010?

aka Survivor Jargon Tweets, sexting “unfriended” in U.S. banned word list I just saw Lake Superior State University’s (“LSSU”) 35th annual list of words or expressions that should be banned. The committee attacks slang sweeping through...

Too Big to Lend?

Move Your Money: A New Year’s Resolution Did you see Arianna Huffington’s post yesterday? She advocates moving money to small community banks during 2010. Here’s why: The big banks on Wall Street, propped up by taxpayer money and government...

What Does $65 Billion Buy?

One of my New Year’s resolutions is to examine what money buys in the world of high finance—legitimate or otherwise. At the hedge fund named Galleon, $5,000 bought the right to tase an employee. When executives from stun-gun maker Taser International Inc. came...

The Double Standard for Wealth Advisers

aka Runaway Stockbrokers Informant Says He Will Assist Further in Tax Case Against Swiss Bank Bradley Birkenfeld is the wealth adviser who blew the whistle at UBS. He’s the guy who carried a toothpaste tube loaded with diamonds through airport security, hiding...