When attempting to understand much of what happens at the Securities and Exchange Commission, I believe moral hazard is nearly as important a factor as the much more frequently-discussed matter of regulatory capture.
David Einhorn would have you believe that he is brave crusader against corporate malfeasance. The truth is, he's a fraud who did serious damage to the markets.
28 July 2010 by Judd Bagley
When attempting to understand much of what happens at the Securities and Exchange Commission, I believe moral hazard is nearly as important a factor as the much more frequently-discussed matter of regulatory capture.
10 June 2010 by Mark Mitchell
David Einhorn would have you believe that he is brave crusader against corporate malfeasance. The truth is, he's a fraud who did serious damage to the markets.
21 May 2010 by Mark Mitchell
The markets go haywire, Germany responds sensibly, and the American establishment refuses to contemplate the reality of criminal manipulation.
13 May 2010 by Judd Bagley
When these two banks enabled manipulative short selling, they were silently transferring wealth from the masses into the accounts of the privileged few.
06 May 2010 by Judd Bagley
Goldman may be flush with cash, but with pressure mounting on politicians to reject any of it in the form of campaign contributions, suddenly that cash doesn’t spend nearly as well as it used to.
29 April 2010 by Judd Bagley
But dig a little deeper and you’ll find the Stanford case is the bigger outrage by far, not so much for the scam itself, but for the shocking behavior of the regulators tasked with preventing it. Where Madoff was enabled by SEC bureaucratic incompetence, Stanford was empowered by overt SEC indifference.
23 April 2010 by Judd Bagley
Rexxfield founder Michael Roberts specializes in repairing online reputations.
20 April 2010 by Mark Mitchell
The Goldman CDO scandal and other evidence suggests that the U.S. economy was set up for a fall by market manipulating hedge funds.
16 April 2010 by Judd Bagley
Regular readers of this blog come from remarkably diverse backgrounds, but seem united by at least one shared experience: the act of having examined some aspect of our capital markets only to conclude that much of what the world has accepted as fundamental simply does not make sense.
02 April 2010 by Mark Mitchell
Naked short selling of gold and silver -- a threat to the stability of the financial system and evidence that our markets are rigged
