It has been wisely observed that you can ignore politics, but politics won’t ignore you. Quite frankly I am not very happy with the offerings of either party when it comes to economic policy. Republicans talk a lot about economic freedom, but they seem to be best at crony capitalism. The Democrats siren song of …

Continue reading “The government and the credit crisis”

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Speaking of Congress, I thought Sarbanes Oxley was supposed to improve the integrity of financial reporting. Every one of the major public institutions complied with Sarbanes Oxley in their 2006 year end reporting. I thought Congress had acted to protect investors from inaccurate financial reporting. We went private after Sarbox went into effect precisely because …

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