"When they win they walk off with the profits*, when they lose the taxpayer pays.  We really need to go more directly at these issues like incentives."

Joseph Stiglitz, Nobel laureate economist. (* Note Mr. Stiglitz assumes that reported profits are real.  In the subprime case no profits were actually realized until the Federal government intervened with taxpayer funds.)

Recent Reports

Alliance for Economic Stability Investigates SEC Chairman’s Violations of President Obama’s Executive Order on Ethics. May 26, 2010 The Alliance for Economic Stability (AES) is investigating violations of President Obama’s executive order on ethics by the Securities and Exchange... Read more...
Mary Schapiro’s Conflicts of Interest and Multi-Million-Dollar Annual Compensation for Regulatory Work. May 26, 2010 SEC Chairman Mary Schapiro earned a multi-million-dollar salary performing regulatory work as a FINRA executive. From 2002 to 2008, Schapiro earned... Read more...
Congressional Hearings Called “menacing” to For-Profit Education. June 25, 2010 Today Senator Tom Harkin, Chairman of the U.S. Senate Committee on Health, Education, Labor and Pensions, will hold a hearing titled "Emerging Risk?... Read more...
Alliance for Economic Stability Announces Initiative to Address Abuse of Taxpayer Funds by For-Profit Education Companies. May 25, 2010 The Alliance for Economic Stability (“AES”) announces an initiative to address improved oversight of tax-payers’ funds provided to for-profit... Read more...

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