BCS: Change Your System NOW!

Did you watch the BCS “Championship” game between LSU and Alabama?  Or, did you fall asleep in the middle of it from sheer boredom, like I did?  From anybody’s perspective (except, maybe, those myopic folks in the SEC), the game was a yawner.  The “experts” (mostly those who are somehow beholden to the BCS…or naturally, ESPN!) called it a “defensive battle” but I stand by my assertion: it was a major bore....more

Could Women Have Avoided The Financial Crisis?

I've got to admit, this post has been a long time coming, and not just because I've been dying to weigh in on the Goldman Sachs story, on financial services reform, and the ongoing economic realities of living through and in the Great Recession.  But this post has been a long time coming because, like many of the earlier Hegemommy posts, it represents a delicate balance of personal and political and has taken a while to hash out to make sure it became something more than mere projection. ...more

(VIDEO) SEC Employees View Up to Eight Hours of Porn a Day While the Financial Sector Implodes

How much porn would you say would be a lot of porn to view ... during work? If you work for the Securities and Exchange Commission (SEC) -- you know, that government agency that is supposed to be overseeing the financial sector (um ... you know the financial sector, right? It's the one that's currently imploding under scandals) -- you might be peeking at porn up to eight hours a day. Or 16,000 times per month. ...more

I got nothin' for that - that's just really messed up. I guess if you can get away with it, you ...more

The Norwegian Experiment

Not surprisingly there was considerable backlash against Norway’s 2003 law mandating that women make up 40 percent of corporate boards (see April 19 blog “Addressing Corporate Fraud: Norway’s 40% Solution”). The most common objection was that there were insufficient qualified women in Norway. In fact one male executive complained that boards would have to recruit “escorts” to meet the quota....more

Bill Clinton: Economic revival depends on mortgage moratorium, push for green economy

Former President Bill Clinton said Monday night that the proposed $700 billion rescue plan for troubled commercial banks will fail without a companion proposal that stems the rising tide of foreclosures. He also offered his own analysis of the causes of the current financial crisis as well as proposals for achieving energy independence and kickstarting a green economic recovery. Clinton made the remarks at a private meeting with bloggers on the eve of this week's annual meeting of the Clinton Global Initiative in New York City. Here is my eyewitness report. ...more

Regardless of what one thinks of Bill Clinton personally or politically, there is no denying ...more

"Heck of a job...Cox." Our Financial Katrina

Who is Christopher Cox and why does he matter? Christopher Cox is the Chairman of the U.S. Securities and Exchange Commission (the SEC) is an independent agency of the U.S. government having primary responsibility for enforcing the federal securities laws and regulating the securities industry/stock market. He was appointed by President Bush in 2005 as Chairman. ...more

I like this plan a whole lot better than the blank check with one person deciding how the ...more