Wall Street: This is what happens when a political party devoted to small government and lax regulation is in charge:
With such lax oversight, how can investors and American taxpayers regain the confidence in the financial system necessary to revive the global economy?
The Securities and Exchange Commission abandons investigations for lack of resources, allows corporate wrongdoers to skip fines and drops cases because of a bureaucratic culture of risk aversion, according to a recent federal report...
The report raises questions about how well the SEC can do its job protecting investors with such glaring deficiencies.
The number of SEC enforcement attorneys declined 11.5 percent from 2004 to 2008 while cases were closed prematurely or not investigated at all, the report says.
Although a wide range of cases is pursued, "one attorney told us of closing several cases that were promising but which could not be pursued for lack of resources," according to the report.
Detroit: It was once unthinkable, but now seems inevitable.Capitol Hill: The Roberts Court does corporate America's bidding.
Has anyone checked the temperature in hell lately?
Republican talking heads, full of hot air and blinded to science.
Politics:GOP 2012: In the race to crazy that is the GOP nomination fight, Sarah proves she's still in the game.
The Golden State's tarnished future: California's kids to pay the price for political failure. The draconian spending cuts now facing the state's school districts is an unconscionable abandonment of the state's children, it's most important resource.
Foreign Policy/Military Affairs:
South Central Asia: As President Obama goes "all in" in AfPak, I find myself wondering if anyone has clearly defined America's end goals in a region known as the graveyard of empires.
Capitol Hill: Disappointing the anti-war left that propelled them to power over the past two elections, a Democratic Congress passes another "no-strings attached" Iraq/AfPak war supplemental funding bill. But this year, it's a Democratic President who launched his national career as the anti-war candidate who receives the money. Was this the change we had in mind?