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Let Clinton Be King

Reese Schonfeld | Posted 05.25.2011 | Media
Reese Schonfeld

I was asked, "What would you do if you were running CNN today?" "I'd fire Larry King and hire Bill Clinton," I answered.

Chicago Mercantile Exchange To Run Credit Default Swaps Market

Crain's Chicago Business | Ann Saphir | Posted 05.25.2011 | Chicago

Regulators expect to give the go-ahead to CME Group Inc. and rivals to clear contracts in the $47 trillion market for credit default swaps by the midd...

Report: Mark Cuban Staying Loose, Partying With Vodka And Women Amid SEC Charges

Page Six | Posted 05.25.2011 | Business

Despite being recently charged by the SEC with insider trading, Mark Cuban was reportedly spotted partying with vodka and girls, reports Page Six: JU...

Mark Cuban: Confidentiality Agreement Didn't Exist

Clusterstock | Joe Weisenthal | Posted 05.25.2011 | Home

As we predicted, Mark is fighting this on the grounds that he didn't have a "duty of confidentiality" and so therefore was free to trade on the inform... Mark Cuban Trading Scandal

MarketWatch | Posted 05.25.2011 | Business

SAN FRANCISCO (MarketWatch) -- The Securities and Exchange Commission on Monday charged Dallas Mavericks owner and Internet entrepreneur Mark Cuban wi...

Mark Cuban Insider Trading Charges: -- ALL YOU NEED TO KNOW

Huffington Post | Dave Burdick | Posted 05.25.2011 | Business

Dallas Mavericks owner Mark Cuban has been charged by the SEC with insider trading relating to The Wall Street Journal reports that the M...

There Might Be a Political Reason for Insider Trading Claims Against Mark Cuban

Paula Duffy | Posted 05.25.2011 | Business
Paula Duffy

An item appeared on a New York Times blog that makes me understand why Mr. Cuban seems to be throwing caution to the wind and making an accusation of federal misconduct.

South Dakota's Bid To Take Over For The SEC And Other Ballot Measures

Wall Street Journal | Dionne Searcey and Easha Anand | Posted 05.25.2011 | Business

Perhaps no state has tapped into the current zeitgeist better than South Dakota, which proposes banning a maneuver some federal officials say contribu...

More On the Sky Falling

Tim Berry | Posted 05.25.2011 | Business
Tim Berry

I'm usually just working on small business, but yesterday, as I went over the Sunday New York Times, I hit upon one piece by Ben Stein that struck a cord.

SEC No Evil: Cox Undermined And Demoralized Enforcement Staff

Portfolio | Posted 05.25.2011 | Home

For months, Christopher Cox, the chairman of the Securities and Exchange Commission, has been under fire for a belated response to market upheavals st...

How to Save the Global Financial System

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

This crisis is not about the failure of capitalism, globalisation or free enterprise. It is about the fact that there are two economies: the financial economy and the "real" economy.

Christopher Hitchens' Economic Assessment: United States Is A "Banana Republic"

Vanity Fair | Christopher Hitchens | Posted 05.25.2011 | Business

But still, the chief principle of banana-ism is that of kleptocracy, whereby those in positions of influence use their time in office to maximize thei...

Short-Selling Ban Expiring: Did It Change Anything?

DealBook | Posted 05.25.2011 | Business

Few expect their return, on its own, to spark another precipitous plunge in the stock market. Financial shares have plunged 23 percent since the ban w...

S.E.C. Chairman: Oversight Failures Fueled Collapse

New York Times | STEPHEN LABATON | Posted 05.25.2011 | Business

The chairman of the Securities and Exchange Commission, a longtime proponent of deregulation, acknowledged on Friday that failures in a voluntary supe...

Investment Bank Oversight Program Ending, SEC Says

Reuters | Posted 05.25.2011 | Business

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission is ending its program to supervise large independent investment banks now that the ...

The 2002 Warning About Wall Street

New York Times | Ron Suskind | Posted 05.25.2011 | Business

In contrast to dividends, Mr. Greenspan intoned, "Earnings are a very dubious measure" of corporate health. "Asset values are, after all, just based o...

The George Will Revolt

Danielle Celena Belton | Posted 05.25.2011 | Media
Danielle Celena Belton

George Will is through with the Straight Talk Express. His Tuesday column is a vigorous literary battering that never lets up as Will exerts his frustration and disappointment with McMaverick.

Wall Street Crisis Gives Preview of McCain Under Pressure

Andy Ostroy | Posted 05.25.2011 | Business
Andy Ostroy

The meltdown on Wall Street last week wasn't the only one. We got a glimpse of McCain under fire, and it wasn't pretty. America needs a president who provides a steady hand under pressure.

Short-Selling Ban List Expands To Include GM, GE, Others

MarketWatch, Detroit News | Dave Burdick | Posted 05.25.2011 | Business

The SEC has added more companies to the list of 799 companies that cannot be short-sold temporarily. Included are the following firms, according to Ma...

WSJ Editorial Board Hits McCain For Cox Threat: "Deeply Unfair ... Un-Presidential"

The Huffington Post | Rachel Weiner | Posted 05.25.2011 | Politics

The conservative Wall Street Journal editorial board finds John McCain's sudden economic policy shifts less than inspiring: John McCain has made it ...

Govt trading ban could have unintended results

AP | MARCY GORDON and STEVENSON JACOBS | Posted 05.25.2011 | Business

WASHINGTON — The government's unprecedented move Friday to ban people from betting against financial stocks might be a salve for the market's tu...

McCain's Economic Freakout vs. Obama's Measured Reponse

Eric Schmeltzer | Posted 05.25.2011 | Politics
Eric Schmeltzer

In the middle of the biggest financial crisis we've had in decades, McCain would dump the SEC Chair. Yeah, because that wouldn't freak the entire market the F out.

McCain Would Fire SEC Chairman Christopher Cox

AP | GLEN JOHNSON | Posted 05.25.2011 | Business

CEDAR RAPIDS, Iowa — Republican John McCain, buffeted by criticism about his response to Wall Street's financial problems, said Thursday he woul...

Now McCain Says Fire SEC's Cox, But He Hired Him!

Jamie Court | Posted 05.25.2011 | Business
Jamie Court

Where was Senator McCain back in 2005 when we launched the "Stop Cox" campaign to oppose the confirmation of a pro-business, anti-regulatory politician as the nation's top financial regulator?

McCain's SEC Slam Becomes Latest Gaffe: The President Can't Fire The SEC Chair

ABC | Posted 05.25.2011 | Politics

ABC News' David Wright reports: At a joint rally in Cedar Rapids, Iowa Thursday, Republican John McCain slammed the Security and Exchange Commission (...