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  • Bernie Madoff

    Obama Picks a Prosecutor: Mary Jo White Appointed to Head SEC

    President Obama, moving quickly to complete the lineup for his second-term regulatory team, nominated attorney Mary Jo White yesterday to chair the Securities and Exchange Commission (SEC). The selection is a critical one, as the agency is still struggling to complete the rulemakings required under the Dodd–Frank financial regulation act, … More

    Is Social Security a Ponzi Scheme?

    While some of the press stories might make one think that Bernie Madoff ran Social Security, the reality is quite different. Although Social Security does bear a resemblance to a Ponzi scheme in that it has promised much more in benefits to younger Americans than it can possibly pay, these … More