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Tuesday, March 20, 2012

Mitt Romney's Monty Python Routine


The National Memo
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Tuesday, March 20, 2012
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THE BIG STORY, BY BRUCE JUDSON
The greatest moral hazard now confronting the nation is what appears to be increasingly brazen criminal activity by financial industry executives. With each decision not to prosecute, Wall Street executives justifiably conclude that they are immune to the rules. As a result, it appears that Wall Street criminal activity is increasing in frequency and severity, as opposed to the reverse. The activities surrounding the collapse of MF Global are one example.

So what can be done about it? We can change the behavior in the financial service industry for a full generation in just seven days. READ MORE
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FEATURED COLUMN: CARL HIAASEN
Among its dubious achievements this year, the Florida legislature passed a law authorizing random drug tests for state workers.

Guess who's exempt? Lawmakers themselves. READ MORE
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FEATURED COLUMN: CORA CURRIER
The big bank settlement over mortgage servicing abuses was finalized last week, detailing at last the agreement's actual terms. It's worth taking the time to break down the settlement, showing exactly where the money is going, and how much help it will really provide for homeowners: READ MORE
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MONEY
After amassing a huge mountain of cash, Apple Inc. is finally acknowledging that it doesn't need all that money, saying Monday that it will start paying some out to shareholders in the form of a dividend and share buyback program. The company generated $31 billion in cash in the fiscal year that ended last September, and is on pace to generate even more in the current year. That means the cash pile will continue to grow even with a dividend and a buyback program, albeit at a lower rate. READ MORE
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SPORTS
Peyton Manning is negotiating to join the Denver Broncos, ESPN reported Monday. A four-time MVP, Manning became a free agent when the Indianapolis Colts released him March 7 after the quarterback missed all of last season because of multiple neck surgeries. The addition of Manning could well lead to Denver trading Tim Tebow, even though the popular QB energized the Broncos and led them to the playoffs last season despite some uneven play. READ MORE
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ELECTION 2012
As Rick Santorum continues to insist that his solid showing means he has a shot at winning the nomination, Mitt Romney's aides privately likened the situation to the Black Knight in "Monty Python and the Holy Grail" who loses his arms and legs in battle with King Arthur but insists he has only a flesh wound. The Romney camp suggested that Tuesday's performance in Illinois would extend Romney's delegate advantage, even if he loses the popular vote -- but they think he'll win that, too. READ MORE
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CARTOON OF THE DAY
Danziger Cartoon
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