Confiscation of Retirement Assets?

There is a lively discussion under way at the Legal Insurrection blog with a post “The Revolt of the Kulaks Has Begun.” In the comments it is suggested that the administration will come after tax-advantaged savings assets of American retirement savers.

This is dynamite. It is hard to believe the administration would overreach this . . . → Read More: Confiscation of Retirement Assets?

At the Heart of the Problem is the Task of Fixing the Financial Architecture

Hank Paulson has an article in the Financial Times where he emphasises that a key part of fixing financial regulation in the US is the task of changing the architecture of financial regulation. This is essential for avoiding problems like AIG being regulated by the State of New York. As he says:

Creating . . . → Read More: At the Heart of the Problem is the Task of Fixing the Financial Architecture

The Emperor Has No Clothes

What we are seeing right now are the kinds of last ditch efforts that reveal how truly inept and desperate our leaders are. First there is the AIG bonus fiasco, a case study in the bumbling incompetence of the representatives in charge of containing the financial fallout (ironically the very people that preempted it). . . . → Read More: The Emperor Has No Clothes