The Republican State of Mind: It Only Matters If It Happens to Me

January 04, 2013

Illinois Senator Mark Kirk suffered a stroke about a year ago.  He is only 53 years old, was an active member of the Navy Reserves and worked out regularly, so it was, to say the least, a surprise.  After a

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Dodd-Frank Two Years Later, Part I

September 24, 2012

I spoke recently at the annual conference of the National Association of State Treasurers (“NAST”).  The panel I was on was directed to Dodd-Frank and the impact of its financial reforms two years after the Act became law.  I’m going

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Unhappily Musing on the “News”

January 19, 2012

It always amazes me how editors of newspapers can mold public opinion merely by the wording of headline and the placement of a story. The New York Times today gave me another reminder of this insidious practice and ability. If

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Republicans Block Another Obama Nominee, Consumers Suffer Another Blow

December 16, 2011

On Thursday, Dec. 8, in a 53 to 45 vote, Senate Republicans blocked the nomination of Richard Cordray as the Director of the Consumer Financial Protection Bureau. Despite Cordray’s backing by 37 of the nation’s Democratic and Republican Attorneys General,

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Thinking About Taxes

July 08, 2011

Let’s get one thing straight: I would love to have public school teachers, fire departments, police departments, national defense, research, healthcare, social security, prisons, public parks, long-term care for seniors, my retirement and a host of other things that everyone

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What’s Wrong With THIS Picture? Emasculating the SEC is NOT Good for the Country

June 23, 2011

I picked up the Financial Times this morning. Like the Wall Street Journal, it has a series of short paragraphs (blurbs) in a column on the left-hand side of the first page. The top one was headlined: “Tennessee Bank Agrees

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Strict Construction My Eye: Supreme Court Blows by Seventh Amendment

June 22, 2011

On June 20, 2011, the United States Supreme Court took another sledgehammer to the right to a jury trial guaranteed by the 7th Amendment to the United States Constitution.  Maybe sledgehammer is too strong of an image, because in reality,

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On Public Pensions

March 04, 2011

Unless you have been unconscious for the past month, you know that the Governor of Wisconsin, Scott Walker, who – like others claiming the mantle of the Tea Party — is financed by the Koch Brothers, has introduced legislation intended

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NY Mets and JP Morgan Sued for Alleged Ties with Madoff

March 02, 2011

Bernie Madoff bankruptcy trustee Irving Picard, who is attempting to recover assets for the victims of Madoff’s illustrious ponzi scheme, has sued the New York Mets and JP Morgan Chase for their roles in connection with the scheme. The suit

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Hall of Shame: Illinois Director of Insurance Michael T. McRaith – A Postscript

February 28, 2011

On December 2, 2010, I commented on the outrageous conduct of Illinois’ Director of Insurance Michael T. McRaith.  He had “settled” the investigation of a life insurance broker (Merrill Lynch Life Agency) for $18 million, requiring funeral directors across the

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