The SEC alleges that Goldman Sachs misled its customers as to how a synthetic collateralized debt obligation was created. They do not argue that Goldman Sachs lied about the value or nature of the deal, but instead, that it had omitted and misstated facts in its...
Aaron Schavey
Aaron Schavey is a policy analyst in the Center for International Trade and Economics at The Heritage Foundation (www.heritage.org), a prominent Washington research institution. Distributed nationally by AP DataFeature Wire.
Laissez-Faire: The Right Cure For Steel
Say you fall and break your leg. The leg hurts, so you take aspirin for the pain. But you don't stop there. You go get a cast, so the leg can heal permanently. Yet the wisdom of treating the cause of suffering rather than merely masking the pain, appears to escape...
The Catch-22 of U.S. Trade
In his recent testimony before Congress, U.S. Trade Representative Robert Zoellick painted an attractive portrait of free nations "bound together by free trade."But it is a portrait marred by a little-noticed Catch-22 of U.S. trade law that hurts Americans and many...
Avoid a Trade War Over U.S. Antidumping Measures
Last October, when President Bill Clinton signed the fiscal year 2001 agricultural appropriations bill (P.L. 106-387) into law, the United States stepped closer to a trade war with some of its largest trading partners. Because of an amendment added in conference by...
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