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A childhood friend recently sent me this everyday explanation of credit derivatives, I thought it was very good. (author unknown.  Thanks Ted) Heidi is the proprietor of a bar in Detroit … She realizes that virtually all of her customers … Continue reading →

In a system where the fiduciary cannot be trusted to respect their duties, we cannot expect the masses to see the laws as governing them either. I am reminded of a repugnant case I witnessed as a young criminal lawyer … Continue reading →

“Before us lie two paths – honesty and dishonesty. The shortsighted embark on the dishonest path; the wise on the honest. For the wise know the truth: in helping others we help ourselves; and in hurting others we hurt ourselves. … Continue reading →