This may be the golden age of presumptuous ignorance. The most recent demonstrations of that are the Occupy Wall Street mobs. It is doubtful how many of these semi-literate sloganizers could tell the difference between a stock and a bond. Yet there they are, mouthing off about Wall Street on television, cheered on by … Read more
The Washington Examiner reports that yet another top government aide has moved over to K Street — the lobbying and consulting corridor in Washington, D.C. Damon Munchus, former aide to Treasury Secretary Tim Geithner, will now work for Cypress Group, which counts among its clients some of the nation’s largest banks. I’ve written before about … Read more
There is much to celebrate in the collapse of Lehman Brothers and Merrill Lynch; not the fall of these companies in particular, but what the fall represents. It shows the impossibility of holding onto wealth and power in a free society that is always in flux. And this is as it should be. I’ll explain … Read more