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  Tuesday, 8 Mar 2011 | 1:06 PM ET

Why the SEC Is Bringing an Administrative Action Against Rajat Gupta

Posted By: John Carney
Rajat Gupta
Umesh Goswami | The India Today Group | Getty Images
Rajat Gupta

Apparently, there’s a lot of confusion about why the SEC chose to bring the action against alleged insider trader Rajat Gupta as an administrative procedure rather than a civil or criminal trial in federal court.

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  Tuesday, 8 Mar 2011 | 11:38 AM ET

War Machine Watch: John Kerry Pushes Obama to Bomb Libya

Posted By: John Carney
President Barack Obama
Photo by: Pete Souza
President Barack Obama

War fever is growing ever hotter with each passing day.

Criticism of president Obama's resistance to committing the United States to a war to erect a No Fly Zone over Libya is heard from both sides of the aisle.

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  Tuesday, 8 Mar 2011 | 10:38 AM ET

Goldman Sachs' Victory Lap

Posted By: Ash Bennington
The Goldman Sachs booth on the floor of the New York Stock Exchange
Getty Images
The Goldman Sachs booth on the floor of the New York Stock Exchange

Prepare for a victory lap at 200 West Street: Goldman Sachs has rejoined the ranks of respectability.

Bloomberg reports : "The Bank of England’s appointment of Goldman Sachs Group Inc. Senior European Economist Ben Broadbent to its Monetary Policy Committee shows governments are again looking to the firm for top decision makers, less than a year after it settled U.S. fraud claims."

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  Tuesday, 8 Mar 2011 | 10:02 AM ET

What the Tapes Mean for the Insider Trading Case Against Rajat Gupta

Posted By: John Carney
Rajat Gupta
Eric Piermont | AFP | Getty Images
Rajat Gupta

Accused insider trader Rajat Gupta resigned yesterday from the boards of directors of AMR Corporation and its subsidiary, American Airlines , Inc.

But the loss of yet another board seat—Rajat was also on the boards of Goldman Sachs and Procter & Gamble before the SEC began investigating his connections to Galleon hedge fund founder Raj Rajaratnam’s alleged insider trading—is hardly the worst of Gupta’s worries.

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  Tuesday, 8 Mar 2011 | 9:47 AM ET

Shadowboxing the Banking Apocalypse

Posted By: Ash Bennington
Wall Street sign
Paul Giamou | Aurora | Getty Images
Wall Street sign

The battle has been joined—and the belligerents have hewn to precisely the war plan one would expect of each.

Francesco Guerrera foreshadows a great deal of the looming hostilities between banks and the shadow banking system in his aptly named article "Monsters that lurk in the shadows of Wall St," which appears in today's Financial Times .

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  Tuesday, 8 Mar 2011 | 8:40 AM ET

Banks Ripping of Customers Doesn't Result in Big Gains for Shareholders

Posted By: Julia La Roche
  Monday, 7 Mar 2011 | 4:44 PM ET

How Do You Know the US Isn't Bankrupt?

Posted By: Ash Bennington
  Monday, 7 Mar 2011 | 4:13 PM ET

Why John Carney Is Wrong to Oppose a No-Fly Zone for Libya

Posted By: Ash Bennington
Demonstrators hold up a banner featuring Libyan leader Moamer Kadhafi reading 'Kadhafi is a murderer' as they stage a protest outside the Libyan embassy in Istanbul on February 21, 2011
Mustafa Ozer | AFP | Getty Images
Demonstrators hold up a banner featuring Libyan leader Moamer Kadhafi reading 'Kadhafi is a murderer' as they stage a protest outside the Libyan embassy in Istanbul on February 21, 2011

My colleagueJohn Carney is half right in his opinion piece about Libya —and where he is wrong he is wrong for the best of reasons.

Carney has taken the position that a US enforced no-fly zone in Libya should be avoided in favor of offering Qaddafi the carrot of amnesty in exchange for his immediate departure from the country.

Here is the backbone of his anti-no-fly zone argument:

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  Monday, 7 Mar 2011 | 2:55 PM ET

Just Say No to a ‘No Fly Zone’ Over Libya

Posted By: John Carney
Libyans shout slogans against Libyan leader Moamer Kadhafi while holding a cartoon depicting Kadhafi being hit with a hammer symbolising 'the people's will'.
Gianluigi Guercia | AFP | Getty Images
Libyans shout slogans against Libyan leader Moamer Kadhafi while holding a cartoon depicting Kadhafi being hit with a hammer symbolising 'the people's will'.

Now that senior senators from both the Republican and Democratic parties are putting pressure on the Obama administration to put a “no-fly zone” in place over Libya, it’s incumbent that skeptics of this kind of belligerence speak out.

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  Monday, 7 Mar 2011 | 2:28 PM ET

The College Bubble Is Leaking

Posted By: John Carney
diploma_money_2_200.jpg

Last summer, Barack Obama promised a new education program that would produce 8 million more college graduates by 2020.

Few people at the time raised the obvious question: do we really need an additional 8 million college graduates? Where’s the evidence for a coming shortage of college educated workers?

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