Kudlow Explains the Market Rally
futureofcapitalism.com

Larry Kudlow explains the stock market rally:

The best thing to come out of the administration this summer was Treasury Secretary Tim Geithner's pledge to me in a CNBC interview to place a 20-20 limit on tax rates for investor capital gains and dividends. No one, most of all me, wants to see any increase in these tax rates. But at least the Geithner pledge means investment tax rates will stay low. The stock market took a turn for the better right after the interview.

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Larry Kudlow The War on Investment
futureofcapitalism.com

Larry Kudlow has a new column about the effects of what he calls "the coming tax bomb" and "Washington's war on investment":

the position of the Democratic party in power in Washington is that transfer payments (taxing and borrowing from Peter to pay Paul) are good for growth, and that investment is bad....

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U.S. Sues MortgageIt, Deutsche Bank
futureofcapitalism.com

The Department of Justice's civil fraud lawsuit against MortgageIt and Deutsche Bank seeking upwards of $2 billion struck me as newsworthy on at least two counts.

First, during the period in which Deutsche Bank's MortgageIt unit was allegedly defrauding the government and during which Deutsche Bank acquired the allegedly fraudulent mortgage unit for $430 million, a top in-house lawyer at Deutsche Bank was Robert Khuzami, who is now the director of enforcement at the SEC. Mr. Khuzami is not named in the suit or accused of any wrongdoing, but it sure will be interesting to see whether he had any role in the acquisition or in the transactions at issue.

Read More...

Kudlow Explains the Market Rally
futureofcapitalism.com

Larry Kudlow explains the stock market rally:

The best thing to come out of the administration this summer was Treasury Secretary Tim Geithner's pledge to me in a CNBC interview to place a 20-20 limit on tax rates for investor capital gains and dividends. No one, most of all me, wants to see any increase in these tax rates. But at least the Geithner pledge means investment tax rates will stay low. The stock market took a turn for the better right after the interview.

Read More...

Larry Kudlow The War on Investment
futureofcapitalism.com

Larry Kudlow has a new column about the effects of what he calls "the coming tax bomb" and "Washington's war on investment":

the position of the Democratic party in power in Washington is that transfer payments (taxing and borrowing from Peter to pay Paul) are good for growth, and that investment is bad....

Read More...

U.S. Sues MortgageIt, Deutsche Bank
futureofcapitalism.com

The Department of Justice's civil fraud lawsuit against MortgageIt and Deutsche Bank seeking upwards of $2 billion struck me as newsworthy on at least two counts.

First, during the period in which Deutsche Bank's MortgageIt unit was allegedly defrauding the government and during which Deutsche Bank acquired the allegedly fraudulent mortgage unit for $430 million, a top in-house lawyer at Deutsche Bank was Robert Khuzami, who is now the director of enforcement at the SEC. Mr. Khuzami is not named in the suit or accused of any wrongdoing, but it sure will be interesting to see whether he had any role in the acquisition or in the transactions at issue.

Read More...