Tuesday, December 16, 2008

Ice Day

We were iced in all day, so it SHOULD have been great for blogging.  There just wasn't that much going on! So, just a taste of what seemed to be attracting attention today.  It's all about money.

Why Didn't SEC Look Closer At Madoff?

The Bernie Madoff fiasco is looking more and more like a serious regulatory failure by the Securities and Exchange Commission. The Washington Post confirms that, despite several complaints dating back to 1999, the SEC never examined Madoff's investment advisory business [....]

Fed rate cut

The cut, to a record low of 0 to 0.25 percent, is not exactly a vote of confidence in the economy.
A roundup of news headlines gives you the flavor.UPDATE: The market chooses to be happy about it, for one day at least. The Dow [...]


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