Wrong Diagnosis, Bad Remedy
Chidem Kurdas A consensus emerged after the 2008 election, which brought a Democrat to the White House and enhanced Democrats’ control of Congress. With regard to the financial crisis, a simple...
View ArticleOch-Ziff Foreign Corruption Deal Expected
Chidem Kurdas Sounds like NYSE-listed hedge fund company Och-Ziff Capital Management Group will not escape the Department of Justice investigation into violations of the Foreign Corrupt Practices Act...
View ArticleGentle Regulatory Despotism
Chidem Kurdas The costs of Obamacare have started to show up. Insurance premiums and government subsidies are expected to rise substantially this year. Doctor networks are more restrictive, there are...
View ArticleVolkswagen and Gresham’s Law of Organization
Chidem Kurdas How did regulators miss the massive Volkswagen diesel emissions fraud for so long? Here is an explanation, from my book Ponzi Regulation: “Any attempt to make sense of the regulatory...
View ArticleHow Dodd-Frank Resembles Bernie Madoff
Chidem Kurdas Fears about the stability of the financial industry have become rampant more than five years after Congress passed the gigantic financial regulation law, Dodd-Frank, supposedly to ensure...
View ArticleMissing Keystone Stakeholder
Chidem Kurdas In the controversy over the Obama Administration’s rejection of the Keystone XL pipeline, one group was rarely mentioned. This group is not small; on the contrary, it contains hundreds of...
View ArticleRip van Winkle in Reguland
Chidem Kurdas “Had Rip van Winkle gone to sleep in America circa 1900 and woken up a century later, he would have found himself bewildered not only by new technologies, products and fashions but also a...
View ArticleDelusions and the State
Chidem Kurdas As the giant regulatory octopus reaches into every nook and cranny of American life, we should remember its track record. Here’s an example from my book, Ponzi Regulation: “One rationale...
View ArticleThe Clinton Fortunes
Chidem Kurdas If there’s one point Hillary Clinton talks about honestly and passionately, it’s that she belongs to the 1%. Take one of her notorious speeches at Goldman Sachs, revealed by Wikileaks....
View ArticleFirst Drain Obamacare Swamp
Chidem Kurdas If President Trump does not establish priorities, his administration will almost certainly fall into the same old patterns as previous ones. Reducing regulation is at the top of the...
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