from the Wall Street Journal, a remembrance of Henry Manne- A Champion of Law Informed by Economics: From “Bring Back the Hostile Takeover,” June 26, 2002: Since Enron, there has been an outbreak of regulatory fever in Washington: A tide of
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Wall Street was targeted presumably because the marchers think that they are getting away with crimes against the people and they profit at the expense of others’ misery. Bernie Madoff was sentenced to 150 year in prison. Jeffrey Shilling from
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In the Wall Street Journal, Culprits From Beltway Casting- The financial inquiry commission lets a crisis go to waste, (subscription required), takes exception to the partisan conclusion of the commission. The Financial Crisis Inquiry Commission reached a conclusion that
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We tend to look at our economy as a diversion from the norm after a record financial set back. But the economy we are in may well be closer to the norm. The former economy was distorted by government policies
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About ten years ago I attended a national Metals Service Center Convention in Palm Desert, California. One of the programs featured Jeff McMahon, CEO of Enron Industrial Markets. He shared the stage with Don McNeeley, CEO of Chicago Tube and
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“In truth, markets had been trying to work since 1984, with Continental Illinois, desperately sending signals that the modern financial system was shot through with untenable risks that required a renewal of long-held regulatory principles. But government bailouts thwarted real
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