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The Destruction of Economic Facts - "Renowned Peruvian economist Hernando de Soto argues that the financial crisis wasn't just about finance—it was about a staggering lack of knowledge" (via) [more inside]
posted by kliuless on May 23, 2011 - 35 comments

Liquor before Beer... In the Clear
In case you thought anything has changed since the Global Financial Crisis, Greenlight Capital's David Einhorn delivered a remarkable speech at the Value Investing Congress Monday [background, excerpts] wherein he lays out what's still wrong with (the culture that is) Wall Street and Washington: "the consequences will be seen during the lifetime of the leaders who have pursued short-term popularity over our solvency." On a related note, the BOE's Mervyn King concurs with Einhorn: "To paraphrase a great wartime leader, never in the field of financial endeavour has so much money been owed by so few to so many. And, one might add, so far with little real reform."
posted by kliuless on Oct 22, 2009 - 26 comments

House set to vote on campaign finance reform It would be the biggest overhaul of the nation's campaign finance laws since Watergate. "We should win it," Shays, R-Conn., said Monday. "We've had the votes in the past and, frankly, I think our cause is just." Some people are against it.
posted by kliuless on Feb 12, 2002 - 30 comments