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SEC Tries To Intimidate Short Sellers
Reading Time: 3 minutesWhat do I think is really going on here? I think that regulators are very, very concerned about the collapse of the stocks of major US financial institutions and are grasping at straws as to what to do about it….
WSJ On The Micro Finance Bubble In India
Reading Time: 1 minuteSource: “A Global Surge In Tiny Loans Spurs Credit Bubble in a Slum” (subscription required), The Wall Street Journal, August 13, A1
Forbes Profiles Old School, Graham-Style Value Investor Walter Schloss
Reading Time: 3 minutes“I can’t say people will get rich on it, but I would rather be safe than sorry.” – Walter Schloss, on his recommendation of insurance company CNA Financial 91 year old Walter Schloss may not be as famous as Warren Buffet but…
WSJ Documents Crisis And Leviathan, 2009
Reading Time: 2 minutesThe frontier between the state and market has shifted. The realm of the state has been enlarged. – Daniel Yergin, author of 1998’s The Commanding Heights which chronicled the ascent of free market forces starting in the 1980s, quoted in…
WSJ: Numbers On Welfare See Sharp Increase
Reading Time: 1 minute(Source: “Numbers On Welfare See Sharp Increase” (subscription required), The Wall Street Journal, June 22, A1)
Buffett Receives Subpoena To Testify On Credit Rating Agencies Tomorrow
Reading Time: 7 minutesWhen Warren Buffett testifies before the Financial Crisis Inquiry Commission Wednesday, it will be because he was subpoenaed. If you don’t know how a subpoena works, this one begins with capital letters, “YOU ARE HEREBY COMMANDED to appear and give…