Finance

The IRS Scandal, Conclusion

Washington politics has become a bad opera – tedious, score-settling bad opera where each side reacts like a soccer player who falls to the ground, grabs a body part and moans loudly so the official will call a foul.

On June 16, the New York … Read More

The IRS Scandal, Part 3

“I don’t believe you.” Why anyone, in their right mind, would want to head anygovernment agency in today’s hyper-partisan world is beyond my understanding. Just look at what you have to stare-down when you’re sitting before a congressional committee. On December 23, 2013, … Read More

The IRS Scandal, Part 2

After the Supreme Court’s decision on Citizen’s United allowed for nearly unlimited and unidentified donations to political campaigns in 2010, a number of new groups applied for tax-exempt status.

On February 16, 2012, Democratic Senators Al Franken, Chuck Schumer, Jeff Merkley and Michael Bennet wrote … Read More

The IRS Scandal, Part 1

To understand the root cause of the scandal at the Internal Revenue Service, context is important. With the Supreme Court’s 2010 decision in Citizens United v. the Federal Election Commission, corporations and non-profits were permitted to contribute to political campaigns. In the case of certain … Read More

The Trust Deficit

Just before signing The Stock Act which now makes it illegal for members of Congress and their staff to profit from inside financial information, President Obama declared, “The powerful shouldn’t get to create one set of rules for themselves and another set of rules for … Read More

Root Rot

Global Investment banking giant Goldman Sachs lost $2.15billion of its market value the day after London-based employee Gregory Smith told the world in a New York Times Op-Ed that the company is not only “toxic and destructive,” but is only interested in “How much money … Read More

End of the Year Round-Up

Hold on to your cynicism, kiddies, it’s my end of the year wrap-up of the highs and lows. Here’s just part of the past year’s craziness summarized in words:

“The downgrade reflects our opinion that the fiscal-consolidation plan that Congress and the Administration recently agreed Read More