Financial Reform: What Crawls Out of the Petri Dish?

I believe in financial reform. Let’s lose synthetic CDOs, credit default swaps, and other Weapons of Money Destruction. Let’s cut the leverage and focus on systemic risks to our economic order. But let’s be smart. In the wake of last Thursday, it...

How’s It Feel To Trade 1,000 Points Down?

Last Thursday the Dow lost almost 1,000 points in less than ten minutes. Then, the markets rebounded something fierce. Here’s a guy calling action in the pits. Watch the right corner of the screen as the market slumps: May 6, 2010 S&P Call: Ben Lichtenstein...

Wealth Management: How Can We Trust Anyone When…

On Thursday, March 18, I’m speaking in Amsterdam at a conference hosted by NRC Focus. The topic is “trust,” and here’s what the magazine writes: Trust is essential for markets to function properly. In a ‘high trust society’ like the...