Working Life

This is running right now, with further details to come, on The Wall Street Journal web site. It’s not entirely unexpected since news on this was leaking out.

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It’s hard to pick out, in the world we live in, the greatest of all farces. But, certainly, a top-tier candidate would be the repeated, mind-numbing instances when a Wall Street financier or a big bank pays a massive fine to avoid litigation but is allowed to present the fiction that it did nothing wrong. Everyone knows the law was violated. But, only the big fish get to pretend like it never happened. Well, maybe there is a very tiny crack in the facade of these farces, which could bring, some day, the practice to an end.

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May I introduce to you my hero for the day: Jed S. Rakoff of the Federal District Court in Manhattan. Yesterday, Rakoff said what we all know: the government, our government, is not serious about holding people accountable for the robbery and greed and incompetence that led to the financial collapse, costing millions of people […]

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I’ve been mystified for a while at the continued willingness to listen to anything that comes out of the mouths of the people at Standard & Poors. The Justice Department is investigating S&P and these fools had a deep role in creating the financial crisis–yet when this discredited group of bozos downgrades the U.S., everyone […]

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