President Obama's Regulatory Reforms Don't Do Justice


President Obama's financial regulatory reforms will bring positive, meaningful changes to the way Wall Street does business. For this he should be commended. Nevertheless, the reforms fail to do enough, are not suitably instrumented, and sidestep systemic change. The reforms serve to affirm Wall Street's position, increasing the odds that Wall Street's grip over America will continue. This means more elitism and less true justice. The wealth and power gap between working Americans and the privileged elites of Manhattan Island will remain unjustifiably wide.

Challenging the Morality of Goldman Sachs


We are long overdue for a national town hall meeting on Goldman Sachs — with or without Goldman executives. Wealthy Wall Street elites take for granted a dragon-like right to trample the vast working public. Their right claim is based upon the notion that capitalism gives the massively monied the privilege of shaping financial laws. Injustice to these people means not getting their own way at the expense of nonaligned others. A national town hall is needed to challenge, overcome and replace these distortions of capitalism.

CEO Pay Cuts Inadequate, Sweeping Reform Needed


David Callaway is right: This nation needs more than grilled millionaire on the menu. While intelligent reforms to executive compensation are essential — sweeping reforms and not mere dabbling — we must do more than audit the menu. It is time to reform the discriminatory nature of the meal club as well. Compensation guidelines are not enough. We must alter the means by which investment rewards in public markets are acquired.

Short Covering to Drive Stock Prices Higher


Will the current bounce last? Will analysts keep setting the bar low to help stocks rise? Will beating bad numbers remain the game by which stocks are priced? The future level of stock market indices cannot be predicted because the calculations that will go into future market manipulations are yet unmade.

End Wall Street's Monopoly over Finance Capitalism


In recent times David Weidner, MarketWatch commentator, has written some truly thought-provoking essays about Wall Street. In several articles he courageously challenges the accepted market ethic, prodding market participants to find higher standards and better practices. Admirably, Mr. Weidner does not shelter the wrong-doings of the Street. His recommendations provide plausible ways forward at a time when regulators need a fresh vision.

Madoff's Capitalism and the Scandal of the American Mind


A movie about Bernie Madoff should be made if it will help Americans see that covetousness for undeserved gain keeps us from setting up an honorable and just architecture for our financial markets. The movie needs to focus on more than the Madoff family scandal. It needs to evaluate the scandal of the American financial mind, and do so in quite the same fashion that the Christian scholar Mark Noll evaluated “The Scandal of the Evangelical Mind” in his 1995 book.

Can Markets Be Moral Under FED governance?


Capitalism without morality is a terrible sight to behold. Prudently responsible market capitalism is superior to communism because it preserves the sowing and reaping equation without governmental force. Merit deserves its reward just as demerit and ineptitude must be penalized to preserve the legitimacy of law and show the way to goodness.

Is The U.S. Becoming All It Fought Against?


Welcome to the United Socialist State of America. Economic justice is now a function of centralized planning. Americans fought in two world wars and other conflicts for freedom’s sake. We fought against tyranny — Communist, Fascist, Nazi and dynastic. We struggled against injustice in which monopolistic political parties dictated right or wrong without fair regard to an informed public interest. We battled mind control, manipulation of public sensibilities, the skewing of justice, and the redistribution of rewards not in accordance to fair market desserts.

Wildly Changing Dow Reveals Injustice Of Markets


Today's massive stock market rally testifies that democratic capitalism has become a bizarre way of organizing a society. We're not a democratic republic in the sense we once were, since leveraged speculation now explains our hopes and challenges more than any system of political representation. Let's be honest about it: Anytime the fate of a nation, or perhaps the world, rides on the overwhelming influence of bets made on paper assets with merely discretionary value, the system has passed the tipping point and has become irrational and unjust.

Contrarian Theory: Are Americans Ready to Capitulate?


Some may find it ironic that when stock market capitulation occurs in the current bust cycle, even Mark Hulbert will not know except in his rear view mirror — so he claims. Meanwhile, he is helping the American investor understand better than before just what capitulation is, and is not. There is a certain value in this, at least to the practitioners of long cycle contrarian investing.

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