Commentaries

SEC Approves Short Selling Restrictions

The Securities and Exchange Commission today adopted a new rule to place certain restrictions on short selling when a stock is experiencing significant downward price pressure. The measure is intended to promote market stability and

Commentaries

California vs. Goldman Sachs

Dear Mr. Blankfein: I write to request information about your firm’s market activities related to credit default swaps on municipal bonds in general, and State of California general obligation (GO) bonds specifically. The State never

Commentaries

US, Russia Seal Nuclear Treaty

President Obama and Russian President Dmitry Medvedev have sealed an agreement on a landmark nuclear arms reduction treaty. Obama and Medvedev plan to officially sign the new Strategic Arms Reduction Treaty on April 8 in

Commentaries

A U.S. Biometrics Agency

As of last week, there is now a U.S. Government national security agency called the Biometrics Identity Management Agency (BIMA).  It supersedes a Biometrics Task Force that was established in 2000. Though nominally a component