Ezra Merkin, sued yesterday for sending millions of clients' money to Madoff, was in an even better position to uncover the scheme than the feds. So why didn't he?
Paul Kedrosky is the editor of the business blog Infectious Greed. He's a senior fellow at the Kauffman Foundation, where he is focused on entrepreneurship, innovation, and the future of risk capital. He is also a strategist with Ten Asset Management, a Southern California institutional-money-management firm.
The White House hard line is just what the auto industry (and the market) needs. How did Republicans become the party of coddling underperforming CEOs?
Every time the president or his administration makes a major economic announcement, the Dow takes a dive. But are they actually related? Let’s go deep inside the numbers.
The former Fed chief's plug for nationalizing banks is vertigo-inducing. It's also a conflict of interest—and a sign of just how far he has fallen.
Starbucks CEO Howard Schultz has joined the ranks of Apple’s Steve Jobs and Google’s Larry Page by giving up his massive salary. The Daily Beast’s Paul Kedrosky on why it’s a goofy stunt destined to annoy employees and investors.
Why was the smart set so easily fooled by Bernie Madoff? Some knew it was a ruse all along—and just didn't care.
What should an investor do? Prepare for both inflation and deflation and start now.
Americans are incredibly mobile, but dropping home prices will trap many in their homes, unable to pick up for a better job.
The new president doesn’t much matter to bankers, as major policy changes are off the table right now.
That same broken dollar is now king. It won’t last. Think of it as a temporary scarcity of life jackets.