Financial Markets

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Warren Buffett: "There's never just one cockroach in the kitchen."

Financial Markets


Leland C. Brendsel is accused of presiding over accounting manipulations and running Freddie Mac in a reckless manner. Buffett, one of the most successful and revered investors, sold a huge stake in the mortgage funding company before the manipulations came to light, and the

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Warren Buffett Has An Austrian Economics Moment

Financial MarketsInterventionism


Remember that Citigroup, Bank of America Corp. and JPMorgan Chase & Co. have formed a superfund to bail out troubled structured investment vehicles (SIV). The US Treasury Department and Henry Paulson "back" this plan...

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Sarbanes-Oxley: Helping to Nationalize Accounting & Auditing

Financial MarketsInterventionismMoney and Banking


Sarbanes-Oxley, of course, was just a small step along the yellow brick road that will lead to total rule over private industry, especially in the realm of accounting and audit. Talk is heating up regarding the new Treasury Advisory Committee on the Auditing Profession....

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Sarbanes-Oxley: Costs, Costs, Costs

Financial MarketsMoney and Banking


David Weild, former vice chairman and executive vice president of The NASDAQ Stock Market, speaks out on SOX. He makes some sober remarks, but at the same time he walks on coals...

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Ooh, The Germans Are Mad at Me! I'm so scared!

Financial MarketsLegal SystemPolitical Theory


The European Court of First Instance's decision to support the European Commission's Microsoft decision has produced some entertaining public discord between the European and U.S. antitrust authorities. On Monday, Justice Department antitrust chief Thomas Barnett...

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Gold Stocks

Financial Markets


The old high (in terms of closing prices) in the XAU gold stock index was 168.62 during May of 2006

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Greenspan: The Liar, The Fraud

Booms and BustsFinancial MarketsCalculation and Knowledge


Alan Greenspan is in the news a lot currently because of the release of his new book. I haven't read the book. Nor will I read it if it means that I have to buy it or if reading it means that Alan Greenspan in any other way will financially benefit from it. Enriching a hypocritical fraud like...

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Bush to Provide for the New Socialist Man

Big GovernmentFinancial MarketsInterventionism


The media is reporting that George Bush has ruled out a government bailout of mortgage lenders, but instead, the Bush package is sure to provide indirect bailouts for homeowners in debt up to their eyeballs. This...

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