New York Times

Retraining Investment Bankers in New York City

According to a story in the New York Times, Mayor Michael Bloomberg plans to stem the loss of talent and jobs from the ailing financial sector by retraining investment bankers, similar to what Detroit has done with it’s laid-off auto workers.  With an expected 65,000 total jobs to be lost on Wall Street, will Bloomberg’s…

Keep Your Filthy Hands Off My Clients' Money, D.C.

Oh Boy.  Talk about adding insult to injury.  The same Washington D.C. that brought us the TARP fund and all the lackadaisical oversight that came with it now has a new way of raising the money to pay for it. It seems there is an academic named Dean Baker, who would like to add a…