deregulation

A remaking of Ohio?

While many people make New Year’s Resolutions to change themselves, and after 6 weeks are back to the same old self, what if our state decided to make some radical changes that would make it stand out among its forty-nine brethren? Of course, our state is run by Republicans bought with corporate cash, so it’s Read More

Free markets aren’t free when they fail.

Things went from bad to worse this week, with two major investment banks floundering and a mega-insurer becoming a ward of the State. All of a sudden, naked short-selling is getting the heave ho, as an industry built on greed finally saw that the well does in fact, run dry. While the “geniuses” on Wall Read More

Why is gas $4 a gallon? You can partially blame Enron. The rest is on us.

I’m sure I’ll catch some flak for criticizing deregulation, however, somethings just do better with regulation. Banks are one. Bear Sterns proved that. Mortgage funds are another- Countrywide proved that. And, if you want to know why commodities trading needs regulation- well, Enron proved that. I highly recommend either reading, or listening to this entire Read More