Update on the Collapse of MF Global

Well here’s the article that lays it all out: the overconfidence, the intimidation, the big ego, the reckless use of power. A big thank you to The New York Times for reporting on this financial tragedy.  http://nyti.ms/uIoyJu We do not have adequate regulatory controls over financial institutions to prevent this scenario from playing out time … Read more

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Proposed Occupy Wall Street Manifesto

The “Occupy Wall Street” movement is being criticized in the public media for not having a unified manifesto.  Here’s a proposal: 1. We want legislation enacted that would reinstate the provisions of the Glass-Steagall Act (The Banking Act of 1933) separating the activities of commercial banks, investment banks, bank holding companies, and insurance companies. 2. … Read more

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