The securities and insurance industries divert attention from basic principles of finance and investing by offering a dizzying array of products intended to confuse, seduce and separate investors from their money.
Bank of America's "senior advisor" in Germany -- the leader of a team of advisors that help set the bank's policies -- is bemoaning the end of redlining and claiming that American bank loans to black "slums" caused the global financial crisis.
The big banks face a choice. They can agree to sensible reforms that protect consumers and rein in the excesses of the past decades. Or they can simply decide to screw customers, but do it openly this time.
The simple truth is that when American corporations pursue profit -- successfully or not -- as long as they stay within the law, they are functioning exactly as we designed them to.
What was the nature of the exchange of information between Paulson and Blankfein and/or their staffs, and what impact might it have had on Goldman's intransigence vis a vis A.I.G.? We should all be told.
Our elected representatives (and much of our media) are afraid to look this crisis in the face and talk straight about how to solve it.
Google's "Parisian Love" ad packed an emotional punch not with histrionics, but by reminding its target audience that Google's vaunted search engine is an indispensable enabler of modern life.
In order to sell their beer, brewer-owners formed their own rival to the National League. Thus the American League was born, beginning the close relationship between beer and American sports that continues today
Investment adviser Mark Leibovitz served up what I thought was the most incisive quote on a course of action in wake of the sharp and sudden up and down movements in stock prices: "This market is not for investors."
For a game that costs local taxpayers more than $6 million, the Super Bowl has always touted itself as a good investment for the exposure it brings a host city.
Not only is the whole company profitable, there is every indication that the Cleveland plant is profitable as well. So why is Hugo Boss shuttering its Cleveland operation and sending 400 American workers onto unemployment lines?
Unlike the perpetrators of the Watergate scandal, who wound up facing jail time, Timothy Geithner evidently has a golden parachute waiting at Goldman Sachs, not coincidentally the largest recipient of the AIG bailout.
How did the creative minds at the Bureau of Labor Statistics shrink the unemployment rate even though fewer Americans were working in January in comparison with December? Through cunning statistical manipulation.
