Quotation for Today: Public Moral Hazard

Republican presidential wannabes and their supporters inveigh against their idea of private immorality while ignoring the endangerment of public morality by Wall Street bankers and corporate executive officers.  The quotation for today reminds us of the violations of public morality by Wall Street bankers and corporate executives.

A Thousand Words, Vol. 1, Issue 7.

In this issue of "A Thousand Words," the theme is the national debt and the presidential candidates.  The effect on the national debt of each presidential candidate's federal policies are portrayed here.


The companion story can be read here.

Quotation for Today: Romney's Bank Accounts In Switzerland and the Cayman Islands

Mitt Romney, the leading Republican presidential candidate, released one year of his tax returns (2010 returns) and a pro forma tax return for 2011.  Romney's tax return information pointed out that he had bank accounts in Switzerland and the Cayman Islands. Both countries are notorious as being havens for tax cheats.  

Today's quotation (across the jump) highlights the fact that Romney, although invested via a blind trust, could have addressed the location of his bank accounts; but he didn't.

Protecting the Gordon Gekkos

As a reminder, Gordon Gekko was Oliver Stone's "greed-is-good" character in the movie "Wall Street", and today we get a look at a "real-life Gordon Gekko" courtesy of Paul Krugman.