“Evil and folly have crept into our system at steadily increasing amounts. …….And it will be politically hard to remove from the system the evil and folly that helped create the mess, because the people who make a lot of money out of the system as it is have a lot of political power and they don't want it changed."

CNBC Interview at Berkshire Hathaway May 1, 2009 Annual Shareholder’s Meeting. Charlie Munger, Vice Chairman Berkshire Hathaway

Recent Reports

Alliance for Economic Stability Investigates SEC Chairman’s Violations of President Obama’s Executive Order on Ethics. May 26, 2010 The Alliance for Economic Stability (AES) is investigating violations of President Obama’s executive order on ethics by the Securities and Exchange... Read more...
Mary Schapiro’s Conflicts of Interest and Multi-Million-Dollar Annual Compensation for Regulatory Work. May 26, 2010 SEC Chairman Mary Schapiro earned a multi-million-dollar salary performing regulatory work as a FINRA executive. From 2002 to 2008, Schapiro earned... Read more...
Congressional Hearings Called “menacing” to For-Profit Education. June 25, 2010 Today Senator Tom Harkin, Chairman of the U.S. Senate Committee on Health, Education, Labor and Pensions, will hold a hearing titled "Emerging Risk?... Read more...
Alliance for Economic Stability Announces Initiative to Address Abuse of Taxpayer Funds by For-Profit Education Companies. May 25, 2010 The Alliance for Economic Stability (“AES”) announces an initiative to address improved oversight of tax-payers’ funds provided to for-profit... Read more...

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