Author Archives: Mike Bock

“We Learned A Terrible Lesson,” Only One Person Questioned Fateful 2004 SEC Decision Unleashing Investment Banks

Great article in The New York Times today: “The Reckoning,” written by Steven Labaton, says the current Wall Street disaster traces back to a key meeting on April 28, 2004 of the Securities and Exchange Commission (SEC). At that meeting, … Continue reading

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Math Professor Explains Wall Street Gamble: “We’re Down $700 Billion. Let’s Go Double or Nothing!”

Interesting article in Slate Magazine today, “We’re Down $700 Billion. Let’s Go Double or Nothing! How the financial markets fell for a 400-year-old sucker bet,” written by Jordan Ellenberg, warns that the prospect of a bail out may have contributed … Continue reading

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Senate Adds Long List Worth $149 Billion of New Items To Bailout Bill; “Blue Dog” Dems Support In Doubt

The bail out bill passed by the Senate adds $149 Billion to the original $700 Billion package.  It is hoped that these additions will attract “Yes” votes in the House, but, it may cause some fiscally conservative House members, who … Continue reading

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