"When they win they walk off with the profits*, when they lose the taxpayer pays. We really need to go more directly at these issues like incentives." Joseph Stiglitz, Nobel laureate economist. (* Note Mr. Stiglitz assumes that reported profits are real. In the subprime case no profits were actually realized until the Federal government intervened with taxpayer funds.) |
Alliance For Economic Stability
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Proposed FINRA Rules
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SEC Reports
- Alliance for Economic Stability Investigates SEC Chairman’s Violations of President Obama’s Executive Order on Ethics.
- Mary Schapiro’s Conflicts of Interest and Multi-Million-Dollar Annual Compensation for Regulatory Work.
- SEC Chairman Mary Schapiro’s Questionable Conduct
- Schapiro’s Testimony on Lehman Accounting Trick Omits Mention of FINRA's Central Role
- Alliance for Economic Stability Urges Financial Crisis Inquiry Commission to Investigate FINRA.