Tony Petroski

Bonus-Tax Stocks Get Whacked

We've learned this week why the bums on the Hill must be thrown out. The economy and market are just showing signs of life and the financial system has some good news to report, and the politicians use this brief respite from the relentless bear market as a chance to return to bashing bankers, Wall Street, and anyone who makes a profit in America.

Fascinating set of figures. It renews my hope in "efficient" markets that there is recognition that not all the banks will go out of business despite attempts by the U.S. Congress to hasten their demise.

TARP Accountability: Bankers Say 'What, Me Sorry?'

I remember a day when the Congress hauled up communists to testify against each other instead of the daily parade of businessmen to grovel before them. These hearings have a Soviet feel to them--the attempt to find and blame "wreckers." Unlike the Soviets or the modern-day Chinese, these men are safe from execution--for now.