The $3 billion losses reported by JP Morgan have reignited debate over the government’s role in the financial industry. President Obama, along with most that lean left, urged that the JP Morgan fiasco demonstrates a need for more regulatory oversight, whereas likely Republican candidate Mitt Romney took, as expected, the other approach. Romney cautioned law … Continue reading
Author Archives: bkoohmaraie
Regulate First, Find [No] Evidence Later
Al Armendariz, the EPA regional director for Texas and the surrounding states, resigned last month after a video surfaced of his proclamation to “crucify” businesses. Mr. Armendariz was caught on video stating, as he described it, a “crude analogy” to his philosophy of enforcement. “It was kind of like how the Romans used to, you know, … Continue reading