Golden Parachutes

Bush gets one thing right: The market isn’t functioning properly

Watching tonight’s presidential address, there was one sentence that stood out-an admission of a fundamental flaw in the system- yet, no one is talking about the real problem: Wall Street isn’t a financial market anymore- it’s a casino. I’ve been saying this for years. Now, with this bailout being rushed through, I’m waiting to hear Read More

Why it’s still the economy stupid.

As a former US Army paratrooper, I know a little bit about parachutes. As a businessman, I know that profit is a return for risk. What I don’t understand is how a man who risked nothing personally, yet ruined the lives of thousands of employees, set our financial markets into a tailspin, is granted a Read More