New Orleans There are many small town papers that used to thrive by feeding their readers the daily police reports. These days reading the financial pages is more than an adequate substitute, since every day we seem to get another perp walk in the criminal conspiracy now called modern banking. I know it’s tedious …
Category: Citizen Wealth
Finally a Chance to Stop Tax Breaks for Private Equity
New Orleans This is not a report for everyone, and talking about closing tax loopholes is almost guaranteed to make virtually anyone’s eyes glaze over, but when it involves billions of dollars worth of goodies for private equity vultures, greased by hundreds of lobbyists’ contributions that have gilded this giveaway in Congress, it’s worth rallying …
How Much Puff versus Pay in Proposed JP Morgan Chase Settlement?
New Orleans My goodness, hysteria has broken out among the financial chattering class with the news of a $13 billion proposed settlement between JP Morgan Chase and the Justice Department and Federal Housing Finance Agency over the bank’s handling of the mortgage crisis. The lead editorial in the Wall Street Journal claimed variously that parts …