Financial regulations 2013
A little more than two weeks ago a "little" story hit the news. And by little, I mean perhaps the biggest money story that you and I will likely see in our lifetimes.
That's because, for the first time in decades, it sets up two opponents, Wall Street and Washington, on opposite sides of the ring.
So who is "the most hated man on Wall Street" right now. That would be Senator Angus King, along with his cohorts Senators Elizabeth Warren and John McCain.
How SEC "Revolving Doors" Protect Wall Street's Fraudsters
A funny thing happened on Robert Khuzami's way to a $5 million-a-year job.
By funny I mean sickening; by sickening I mean a travesty of a mockery of a sham; by a travesty of a mockery of a sham I mean how the operatives at the SEC sometimes operate.
Robert Khuzami, the recent former head of enforcement at the Securities and Exchange Commission, just signed with powerhouse law firm Kirkland & Ellis, one of the nation's biggest corporate firms, for a deal that guarantees him $5 million a year for at least the next two years.
After that, who knows? He might work his way up to join the top slot prestidigitators, I mean professionals, at the firm, who are paid about $8 million a year.