Good article on the SEC chairman highlighting the “gaping holes” in our financial structure. Find it here. Or how about exposing the fruad that took place between our financial behemoths in the last few years. Article raises question to how businesses started to take on such risks in the first place:
“Warton professors trace the problems back to the 1980s, when businesses started aligning executive incentives with shareholder interests at the expense of managing in the best interests of the company overall”
Another article suggesting the additional problems within derivatives and other credit markets, and you thought stocks were bad!
And finally what does the failure of the bailout plan mean for the legacy of G.W. Bush and America?
Lots of stuff in the news these days. When I get a chance I’ll chime in with my two cents.