Third Way has a legal right to keep their donations secret, and we have a legal right to give Third Way zero credibility until they disclose their donations.
American CEOs and boards of directors should take note. The income inequality they've fostered with outsized CEO pay packages and paltry wages for workers is creating an American royal class served by serfs.
For the safety and security of our financial system and economy, these new rules need to get adopted without weakening and without delay. And then made even stronger.
The SEC has lost steam in its already very weak push against mortgage lenders and the investment banks that supplied them with money for alleged fraudulent lending.
Banks are corporations, which are legal entities established under rules written by people. Their existence should advance America and Americans. Not the other way around. Many in Congress need to be reminded of that.
Who do you trust more: a used-car salesman, congressperson or your financial advisor? According to a recent survey, we trust our government about as much as we trust our financial institutions.
With today's economic uncertainties, many of us have one or more family members who are struggling financially. A brother who lost his job and is at risk of losing his house. An adult daughter who recently divorced and may need to move back in with you, at least temporarily -- with her two small children.
I know that everyone needs and wants a break, but do you really want to be disengaged from productive activities for the rest of your life? Can you afford not to work at all for so many decades? Can our society afford to pay for so many retired people for so long?
Today, life in adulthood and beyond is far more like rafting down a twisting, turning whitewater river. Its length is uncertain -- you might live 70, 90 or 110 years -- and new challenges, opportunities, discoveries, and potential surprises are around each bend.
Mr. President: As you lead us through this second decade of the 21st century, it is time to pay political attention to the policies and institutional reforms that are needed in order to transform population aging from an economic catastrophe into an opportunity.
Finally we have something to cheer Dodd Frank about. Yes, this Rube Goldberg regulation barely makes a dent in preventing Too Big To Fail banks from wreaking havoc on us again, but it's apparently saving the banking system from the likes of John Thain.
It is imperative Wall Street be held accountable. With the $150 million dollar settlement with Bank of America, SEC Chairman Mary Schapiro has demonstrated that the cop is back on the beat. Yet there is more to be done.
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.
At Tokyo's airport I kissed Michael 'goodbye' and gave him my address in New York, but after a few letters, I never heard from him again. 'Tokyo Michael' was how I remembered him and don't regret one moment we spent together.
When it comes to fraud, if you don't look for it, you don't find it, because when it comes to fraud, there is always a cover-up.
The SEC faced the choice: litigate with Citigroup, the big, powerful, well-connected Wall Street bank, or litigate with a single Federal District Judge who can't actually defend himself.