Bank bailout commentary: Not so fast!

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Haste makes waste. Any time 535 people reach an agreement this quickly, you know most of them did not even read it before signing off. That, sports fans, is how we got into this mess to begin with. What remains to be seen is whether the measure will pass (probably) and whether the markets will […]

Bank bail out creates Hugo Chavez of U.S. banking

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Too much power to the Treasury. Once you get past the sticker shock and the idea that a huge chunk of U.S. banking is on the verge of nationalization, the most troubling feature about the bank bail-out bill now before Congress is Section 8.

DOJ loses thirteen KPMG tax indictments through prosecutorial misconduct

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The U.S. Department of Justice took another ethical black eye yesterday, this time from the 2nd Circuit Court of Appeals in Manhattan. The court held — in a widely watched KPMG tax fraud case — that DOJ attorneys illegally interfered with the defendants’ access to legal counsel which is protected under the 6th Amendment to […]