Are the plaintiffs in the Goldman case crybabies?
Snippet: “What was Goldman supposed to disclose: that the guy on the short side was smarter — like way, way, way smarter — than Goldman’s clients on the long side?”
Read the rest on The Corner at NRO.
Here is our response to Nicole Gelinas:
Forget how sleazy this is. How stupid is it than someone with this kind of access is BUYING AIG in January 2008. Just goes to show how hopeless any regulatory solution is. This woman, along with Dodd himself, has privileged access to the best information available to the government. She is chief counsel to the [...]
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// That’s the only conclusion one can come to after reading Rep. Scott Garrett’s bonehead quote in the WSJ report on Obama’s financial reform speech. The WSJ reported Garrett as saying:
“This renewed focus on financial-services reform by the Obama administration is clearly a transparent attempt at faux-populism, in light of the outcome of the [...]
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Andrew Redleaf and Richard Vigilante Call for Clarity, Full Disclosure and Raised Capital Requirements
Wall Street Journal today reports, “President Barack Obama on Thursday is expected to propose new limits on the size and risk taken by the country’s biggest banks, marking the administration’s latest assault on Wall Street in what could mark a return, [...]
