Monthly Archives: October 2009

Mr. President: Make the hard decisions now!

Posted on October 27, 2009 by Edwin Lee

Mr. President, perhaps I’m vainly clinging to my belief that you will make the tough choices on a timely basis. I know from experience as a CEO how difficult and discouraging it is to handle several crises simultaneously when any … Continue reading →

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Freddie Mac severance pay buys silence, protects management, costs investors and taxpayers

Posted on October 23, 2009 by Edwin Lee

Today’s New York Times reports the latest example of contract laws that enable criminal conspiracies to loot businesses, fleece investors and drain the US Treasury. The article “Freddie Mac’s Secrecy Pacts Face Court Test”, describes how managers of Freddie Mac, … Continue reading →

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The Science of Fear (Book Review)

Posted on October 22, 2009 by Edwin Lee

Why we fear the things we shouldn’t and put ourselves in greater danger.  By Daniel Gardner By any and all measures, we actually live in the safest and healthiest time of human history, yet many of us are more fearful … Continue reading →

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Mr. President: Replace Larry Summers

Posted on October 21, 2009 by Edwin Lee

Paul Volker is right on target with his advice: banks need to be held to safer and saner practices including being prohibited from trading risky securities. Yet according to the article in today’s Business section of the New York Times, … Continue reading →

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Mr. President: Pull out of Afghanistan!

Posted on October 20, 2009 by Edwin Lee

The only valid objective for our invasion of Afghanistan was to root out Al Qaida and bring its leaders to justice for perpetrating the tragedy of 9/11. After 8 years we haven’t done it and Al Qaida’s leaders are in … Continue reading →

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