The Penn State sexual abuse scandal provides an important opportunity to look at the assumption of risk entities take on when they work with kids yet fail to have strong child protection policies in place.
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Elizabeth Warren’s macarena puts the cool back in regulating consumer financial services in compliance with federal law.
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The world is in the midst of an intense struggle for survival – Good versus Evil, Dark versus Light. We feel the grit of our times. None of it matters if we don’t feel a reason to hope for the future.
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There is a thinly veiled conundrum surrounding the new Public-Private Partnership Investment Program (PIPP) created by Treasury to help get toxic mortgage assets off the books of banks. Who will be the ultimate owners?
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As Americans are shaking their fists in the air over the payout of AIG bonuses, the Obama Administration took the nauseating position that it was unable to prevent the payment of bonuses and is unwilling to assume the legal risk of taking the money back. Wall Street plays hard ball and flips the bird at the President of the United States. There are no rogue actors in this deal.
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Satan’s little helpers are alive and well. Their names are Greed and Avarice and their sins have proven deadly. Every financial institution sucked into the vortex of the economic crisis walked precisely the same road – they put unchecked and unadulterated greed ahead the interests of depositors, shareholders and the stability of the global economy.
Published in the Huffington Post