By George! Soros plays both sides

I see that billionaire investor, George Soros, has told the Financial Times that the big profits made by some Wall Street banks are "hidden gifts" from the state, and taxpayer resentment of such companies is "justified".
It's a fair enough point - although he might not be quite the man to make it.
"When I sold sterling short in 1992, the Bank of England was on the other side of my transactions, and I was in effect taking money out of the pockets of British taxpayers," he once gloated. "But if I had tried to take social consequences into account, it would have thrown off my risk-reward calculation, and my profits would have been reduced."
So that's all right then!

S-O - 7 Today!

Will the Sarbanes-Oxley morons - Paul and Michael - the pair of US politicians who gave America the eponymous Act in response to its corporate and accounting scandals, be celebrating their love child's seventh birthday today?
Possibly not. Despite the current climate, the Act is still blamed for costing Wall Street billions, with Hoover's noting as recently as 2008 that it was: "cooked up in the wake of accounting scandals earlier this decade, it has essentially killed the creation of new public companies in America, hamstrung the NYSE and Nasdaq (while making the London Stock Exchange rich), and cost US industry more than $200 billion by some estimates."

An Audience with Bernie Madoff (Part Two)

Welcome back to my new series - An Audience with Bernie Madoff. Next up, bullet-proof Bernie explains how human beings are prone legging each other over, and how he hasn't quite yet managed to programme a computer to circumvent Wall Street regulations.
Oh Bernie. Too modest!