The euro appears to be a marriage of incompatible partners. Fortunately, there are alternatives to an ugly divorce. Rules that can be bent for banks can be bent for people and nations.
Henry Kaufman, Dr. Gloom from a distant age when Salomon Brothers was still King of Wall Street, penned an op-ed in the Wall Street Journa declaring that, sooner or later, the era of monstrous, too-big-to-fail banks will end.
Capitalism is simple. You let winners win. You let losers lose. You regulate the whole show to the minimum degree realistically necessary to protect workers, consumers and citizens. Those simple rules have been forgotten.
I can no longer look judges in the eye and tell them I am entitled to millions in fees for so-called class member "benefits" which I believe actually harms the interests of class members, consumers, and society in general.
Romney attacks -- and pledges to undo -- two critical reforms implemented by the Obama administration: (1) reforming student loans and (2) holding for-profit colleges accountable for waste, fraud, and abuse.
Here are ten reasons why it makes sense to be suspicious of the Facebook IPO, starting with the fact that any overview of the three institutions which handled it might best be described as "rounding up the usual suspects."
It is no exaggeration to say that since the 1980s, much of the financial sector has become criminalized, creating an industry culture that tolerates or even encourages systematic fraud.
Most bankers are not the unethical and blindly greedy creatures that politicians and the media make them out to be; and there is no doubt that without the productive activities of the banking sector, no other industry in our nation would be able to survive or thrive. But that does not mean there isn't a ghost in the machine.
Only by leaving can Greece reissue the drachma and let it devalue sharply. Everything Greek will be available at fire sale prices, which will attract foreign investors and make Greek exports price competitive. Greece and its people will be left a lot poorer, but that's also now inevitable.
It's really only one story, told over and over again: Aggressive growth goals, with executives under pressure to do whatever is necessary to meet the targets.
Before Election Day, ask yourselves this: Is Mitt Romney really the kind of dude you'd want peering over your shoulder while you stand in front of your Weber wondering why the burgers are sticking to the grill again?
One of the stories pinging around on the Internet a couple of weeks ago was Goldman Sachs' plan to hire a social media community manager. While most c...
By now, we're almost as sick of writing about Wall Street fighting new regulation as you are of reading it. It's always the same thing: Wah, we're big...
Coming this fall, as President Obama makes his final push for a second term, his Justice Department will finally give the public what it wants in the form of an arrest of a major Wall Street figure for his role in the financial crisis.
Those valuations are dizzyingly high. They'd be justified only if the company's top line was growing exceptionally fast, if its bottom line were growing equally fast, and if the risks to the company's business model were modest and controllable. Not one of those things is true.
When it comes to doing business, can we make a meaningful distinction between self-interest and selfishness?