The Federal Reserve on Tuesday cut its federal funds target rate by more than three-quarters of a percentage point to a range of between 0 and .25 percent. The decision signals that Fed Chief Ben Bernanke is more concerned with the rapidly deteriorating economy–which has been mired in a recession since December of last year–that [...]
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“The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation”. This is from The SEC’s web page, their “mission statement”, if you will. In an article published today, the chairman of the SEC admits fault in the Madoff case: WASHINGTON – In [...]
