WaitingForLiberty

How Innovation Sustains Prosperity

Innovation will lead to prosperity and innovation will be done by B school passouts !!! How innovative.. How many MBAs will it take to discover a light bulb?

Three Investor Lessons from the Satyam Scandal

Yes it is a little scary that an Indian Company subjected to the Holy SOX has still fooled everyone - but maybe India needs her own SOX and your SOX will not be effective there. It took some time for US to develop their SOX and it will take some time for India to develop theirs.

More importantly here is a list of accounting scandals grabbed from wikipedia.. how many of them are from emerging countries ? Who is the daddy?

The neutrality and factual accuracy of this section are disputed.
Please see the relevant discussion on the talk page. (March 2008)

AOL
Adelphia
Bristol-Myers Squibb
CMS Energy
Computer Associates
Duke Energy
Dynegy
El Paso Corporation
Enron
Freddie Mac
Global Crossing
Halliburton
Harken Energy
Homestore.com
ImClone Systems
Kmart
Liberate Technologies
Lucent Technologies
Merck & Co.
Merrill Lynch
Mirant
Nicor Energy, LLC
Peregrine Systems
Qwest Communications
Reliant Energy
Sunbeam
Tyco International
Waste Management, Inc.
WorldCom

[edit] Later scandals
Royal Ahold (2003)
Parmalat (2003)
Calisto Tanzi (2003)
HealthSouth Corporation (2003)
Chiquita Brands International (2004)
AIG (2005)
CF Foods
Satyam Computer Services (2009) (India)

Defensive Positioning in the Bailout's Absence

You say that all assets backed by mortgage by securities are worthless. How can a freaking house become worthless? Yes its market value may have fallen but it is quite possible to increase the market value of houses by increasing demand. And how one can increase demand of houses? Simply by welcoming more skilled and educated foreign workers and making US immigration system more friendly to the immigrants who wants to stay here, buy a house here and raise a family. USA needs fresh blood not protectionist measures that will simply make it a country with huge tracts of land , low population density and constantly outmaneuvered in the international market by other economic superpowers like China.