My father was a professional gambler and used to carry a roll of money that he called "walking around" money. Walking around money is what the SEC settled for in the Goldman Sachs case today.

I often get asked to comment on entrepreneurship initiatives. Most commonly, the focus tends to be on "innovation", interpreted as hi-tech, and highly...

Any stand-up comic knows that a great way to draw attention is to use profanity. Thus, it is truly sad to see a Senator I used to respect like Carl Levin fall for that tactic.

A new report by undercover government investigators bolsters longstanding concerns that companies promising to help consumers overwhelmed by credit ca...

As Congress approaches the moment of truth in reforming the American financial system, some folks are getting lost in the shuffle: everyone in this co...

The real scandal of the entire bailout mess was how money was funneled through AIG to pay "counterparties" like Goldman Sachs 100 cents on the dollar.

Progressive backers of financial reform are pushing Sen. Russ Feingold (D-WI) to reconsider his protest vote against imposing tougher rules on Wall St...

Just because the SEC filed a lawsuit, it doesn't mean they will win. Goldman Sachs could easily prevail. Before we start breaking out the champagne, let's look at what is actually going on.

The effort to impose new restrictions on the financial system falls short of true reform if there's a gigantic loophole for foreign exchange derivativ...

The president of the Federal Reserve Bank of St. Louis supports a Senate plan that would force Wall Street megabanks to spin off their derivatives uni...

The common wisdom is that excessive debt-financed spending was one of the causes of the recent recession, so the news that household debt is dropping is being celebrated as reason to believe we're on the mend. Baloney.

The destruction of Jefferson County reveals the basic battle plan of these modern barbarians, the way that banks like JP Morgan and Goldman Sachs have...