While the current presidential race has predictably devolved into a series food fights over tax returns and awkward speech …
Tim Geithner
Why Americans Should Care About The EU’s Proposed Financial Services Tax
The European Union‘s proposed $78 billion a year financial transaction tax will take a bite out of the portfolios of American investors, according to the Financial Services Roundtable, a leading U.S. lobbying organization.
Why A New Leader Won’t Save S&P
It’s tempting to read the resignation of Deven Sharma, who stepped down as president of S&P Monday night, as an admission that the rating agency goofed in downgrading the United States’ sovereign rating from AAA to AA+, even as Fitch and Moody’s maintained America’s top grade. Warren Buffett said the U.S. should be rated “quadruple A.” …