Many states have laws on the books prohibiting anyone from making disparaging comments about a particular bank’s financial condition. This talk is thought to be outside free speech because rumors can trigger a bank run, but a recent ruling has some banks worried.
The impressive luck of one hedge fund manager has The Reformed Broker reminding investors that the stated return should never be the focal point - it should always be a question of "how was this return produced."
Big corporations and Wall Street are also secretly funneling big bucks into front groups like the US Chamber of Commerce that will use the money to air anti-Obama ads, while keeping secret the identities of these firms.
The top officials at the US Chamber of Commerce scold Congress over stalled transportation bill. But they defend tea partyers as 'people who believe in conservative economic policies.'
Fairness isn’t inconsistent with growth; it’s essential to it. The only way the economy can grow and create more jobs is if prosperity is more widely shared.
The failure of Facebook's public debut may signal the end of the pie-in-the-sky tech start up, as well as the possibility that the post-crisis recovery rally is screeching to a halt.