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Bob Rice

Blog Entries by Bob Rice

Financial Fantasy Baseball, Top Prizes Guaranteed!

Posted April 21, 2010 | 14:12:30 (EST)

If you like fantasy baseball, and want to earn, say, a billion a year, here's a career tip: come to Wall Street. No, please, don't be intimidated. The rules are exactly the same, I swear; playing the synthetic CDO game will be second nature to you. And it's really the...

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The (Only) Important Lesson from the SEC vs. Goldman

Posted April 19, 2010 | 13:10:25 (EST)

The SEC's case against Goldman sounds really, really bad; "fraud," after all, is just such a strong word. But it's hard to appreciate much more about the case unless you happen to speak the obscure language of derivative structured credit transactions. As you'll see, stripped of the lingo, the case...

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Nanny Sam to the Rescue: Stop the Startups!

Posted April 6, 2010 | 12:25:16 (EST)

One of George Bush's most memorable lines was his complaint that the French had no word for "entrepreneur". Well, if Senator Dodd's new financial reform bill becomes law, we may well have the word, but no longer any need for it.

Dodd's changes would disqualify about 75% of the...

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Our Currency, Your Problem. Fair Deal?

Posted November 16, 2009 | 11:30:20 (EST)

You know the story: out of control domestic spending, massive balance of payment and trade deficits, and the mind-boggling expense of foreign war are pressuring the dollar and leading governments around the world to demand U.S. fiscal constraint. Except that the President isn't Barak Obama, but rather Richard Nixon. And...

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Capitalists, Socialists, and OPM

Posted February 4, 2009 | 18:19:44 (EST)

The indignant screams still echo on Wall Street: Obama's a Socialist! As its own hometown paper puts it, the President's pronouncement that its collective $18 billion year-end tip was "outrageous" amounted to "targeting what capitalists we have left for abuse" (WSJ, Feb 2).

This is all helpful clarification, because...

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