Recent Blog Posts
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Cybersecurity Czar Steps Down
May 17 20122:41 pm EDT -
House Passes Controversial Cybersecurity Bill With Surprise Vote
Apr 27 201212:09 pm EDT -
Generation Startup Gets SBA Encouragement
Apr 24 20125:25 pm EDT -
Google Spends Big in Washington
Apr 24 201212:30 pm EDT -
Young Entrepreneurs Call for More Congressional Encouragement
Apr 18 20124:06 pm EDT -
A Nation Divided on Taxes
Apr 16 201211:37 am EDT -
Are Intellectual Property and National Security Really Linked?
Apr 13 20124:40 pm EDT -
Netflix Starts PAC
Apr 09 20122:27 pm EDT -
JOBS Act Changes Game for Startups
Apr 05 20124:39 pm EDT -
Investors (and Liberals) Beware! Here Comes JOBS Act
Apr 04 201210:06 am EDT
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Citizen Cayne
Last summer, I took some guff for saying that Bear Stearns leader James Cayne should go. Warren Spector may have been the pointman on the mess, but Cayne, as leader, should go--the buck stops here, and all that. Now that Bear Stearns is in full meltdown, this morning losing more than 40 percent of it's already reduced stock value, maybe it's time for holding him responsible for what's happened.
As for the rest of us? Look, not every company is going to come out of this thing alive. It's called capitalism and at some point someone's going under or getting bought out at a fire sale price or whatever. I think the regulatory efforts of Hank Paulson and the proposed mortgage answers of Barney Frank make sense. We need to fix a system that should have been fixed a long time ago but that doesn't mean that some once venerable companies won't be transformed or even disappear.
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