IMF Power Grab

So the IMF proposes a FAT tax on banks. It offers this as its idea of how to regulate banks and avoid another banking crisis. I would be more willing to accept this proposal at face value if it was likely to work but it won’t. And because it won’t I think this proposal isn’t …

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Is justice dying?

Yesterday the SEC announced it had compiled a detailed complaint against Goldman Sachs. Shares across the world tumbled. Today the SEC today voted on whether or not to proceed with the case. The chairman and two democratic commissioners voted for prosecuting Goldman Sachs. The two Republican commissioners, however, voted AGAINST. Did the Republican commissioners feel …

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