The race is on! US Banks are desperate to pay back the TARP funds they borrowed from the taxpayer so that the we don’t actually expect to have a say in how much they pay the so-called “best and brightest”. I will fore-go discussing how the financial industry, which brought the world to its knees [...]
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Archive for the ‘Regulation’ CategoryIn a ruling yesterday which took many by surprise, Judge Jed S. Rakoff refused to accept a $33 million settlement by Bank of America that would have resolved the Securities and Exchange Commission’s (SEC) that the bank deceived shareholders in November about bonuses to be paid by Merrill Lynch, which the bank was in the [...] This weekend’s New York Times gave us insight into a problem that links economics and ethics in a very meaningful way. The first is the story of Treece, Kansas, where residents are seeking a government buyout and relocation of their town which sits on contaminated soil. Their sister town in Oklahoma, separated from Treece by [...] |
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