Post tagged with government
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Is Schwab to blame for investments gone bad?
August 27th, 200912:09 PM ETBy Joseph SlifeWho should be held responsible when an investment goes sour: the investor who chose the investment? Or the broker who provided the trading platform that allowed the investor to buy? That's the bottom-line question in a lawsuit (text in PDF) filed last week by New York Attorney General Andrew Cuomo against Charles Schwab Corporation. The sui... -
The new kid on the block in the municipal-bond market
August 07th, 200909:24 AM ETBy Joseph SlifeTucked in among the 400-plus pages of the "stimulus" act passed earlier this year (see Part V, Sec. 1531) is the authorization for Build America Bonds, a new kind of taxable municipal bond subsidized by the federal government. (Right now, the authorization is for 2009 and 2010 only.) Billions of dollars worth these bonds have already been issu... -
Even playing field?
July 01st, 200909:49 AM ETBy Mark BillerIf you read as much financial "stuff" as we do here at SMI, you quickly learn that writers in certain quarters are convinced the financial markets are rigged. Either the government is running the show, or some group of elites, or well, somebody is clearly up to something. While occasionally some good points are raised, the argument tends to get tir... -
'The American public is growing concerned'
June 24th, 200910:01 AM ETBy Joseph SlifeThe citizenry appears to be getting increasingly apprehensive about the growth of government spending and the Obama administration's intrusions into the private sector. From MSNBC: As the young Obama administration spends trillions of dollars in its effort to turn around the nation's economy and revive the U.S. auto industry, the American p... -
Health care: The 'public plan' would become the only plan
June 18th, 200909:38 AM ETBy Joseph SlifeWriting in the Wall Street Journal, Scott Harrington, a professor of health-care management and insurance at the University of Pennsylvania's Wharton School, takes issue with a central claim of the emerging Obama health plan - namely, the idea that private companies would "compete" with a new government-backed health insurer, thus offering consum... -
The things that aren't yet happening - and why
June 05th, 200909:33 AM ETBy Joseph SlifeThis week's de facto nationalization of General Motors is part of a growing chain of government actions giving pause to business decision-makers and long-term investors. In a Forbes column (written before GM's announcement), Thomas F. Cooley, dean of the Stern School of Business at New York University, says government overreach is to bla... -
How Washington rations
May 27th, 200910:05 AM ETBy Joseph SlifeThe editorial page of the Wall Street Journal is ramping up its opposition to President Obama's plan for universal health insurance coverage. It's not because members of the paper's editorial board don't want people to have access to good health care - it's because they do. The WSJ says the evidence of what is likely to happen if the Oba...
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