Ever Since the 2008 Financial Crisis

I strongly disagree with Steven Rattner's opinion in today's New York Times that Andrew Jackson did more than most presidents to damage our financial system and our economy. I suppose it comes from reading Thirteen Bankers by Simon Johnson and James Kavak.

A Perfect Judgement

A.I.G. Boss Wins Suit but Loses The War is the perfect result.  Hank Greenberg makes his point at grotesque legal expense and zero re numeration.

HSBC what a Shareholder Screw Up

HSBC Plans to Overhaul its operations with a 50,000 employee layoff.  In the annals of business history the missteps of the Hong Kong Shanghai bank's move to the west was the worst.

Warren Disappointed With S.E.C. Chief

In a letter Senator Warren says she is disappointed with S.E.C. chief.  Well duhhhhh. The S.E.C. is an agency regulated by the regulatees.  Mary Jo White, the current Chairman of the S.E.C., went through the revolving door of government and law firms specializing in finance so many times that she has to recuse herself from practically every judicial action the agency enters into. From an investors point of view its a worthless agency full of lawyers who have no understanding of worthwhile investment activity. If you don't believe me then ask Harry Markopolos who painstakingly described the impossibility of Bernie Madoff to the SEC without result.