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    SEC Subpoenad CEO of Stimulus-Backed Electric Vehicle Company

    The Securities and Exchange Commission filed a subpoena against electric vehicle company ECOtality in October of 2010, requesting documents relating to its investigation into insider trading by some of the company’s top executives. The name of at least one of those individuals has now been revealed. ECOtality is a poster … More

    SEC Charges Reinforce Case for Eliminating Fannie Mae, Freddie Mac

    The misguided federal policy to concentrate the U.S. mortgage finance industry in two huge government-sponsored entities was underscored again this morning when the Securities and Exchange Commission (SEC) charged six former Fannie Mae and Freddie Mac executives with misleading investors and Congress about the amount of poor-credit-quality mortgages each entity … More

    10 Years After Enron, Time to Throw Out Sarbanes–Oxley's Section 404

    Exactly 10 years ago today, the Enron Corporation filed for bankruptcy after it was revealed that it had blatantly falsified its earnings statements for many years. Although most of the accounting irregularities that caused its collapse were already illegal, Congress overreacted and passed Sarbanes–Oxley, a massive and deeply flawed accounting … More

    Look Before You Regulate: Measuring the Costs of Financial Rules

    You would think that any regulation that could affect a major part of the economy and cost industry and/or consumers millions of dollars to comply with would be based on rigorous and consistent economic analysis. After all, how else would regulators know the actual effect of their proposals and whether … More

    Problems Exposed in SEC Whistleblower Law

    The folks at the National Whistleblowers Center (yes, there is one) like to tell of Samuel Shaw and Richard Marven, two sailors who landed in the brig in 1778 in retaliation for blowing the whistle on the commander of the Continental Navy, who had “treated prisoners in the most inhuman … More

    Top 10 Reads: July 22, 2011

    Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. America’s jobless ask: Where’s the recovery? – Elaine L. Chao Secrecy in Budget Talks Gave Obama an Advantage – Ernest Istook ATF sought to downplay guns scandal, emails show – Richard … More

    Top 10 Reads: July 5, 2011

    Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. A decent military takes cash – Ed Feulner The Year of School Choice – Wall Street Journal Game on, not over, for parents – Charles A. Donovan Know Your Enemy: Meet … More

    An Increased Range of Tools to Fight the Economic Crisis

    The economic rescue package that the House will vote on tomorrow provides federal regulators with a broader array of tools to fight the economic problems facing the nation than the version that was defeated Monday. As the effects of the crisis continue to spread, these additional tools are likely to … More