Nebraska is the financially happiest state.

Are Super Executives corporate finance professionals are spending too much time at happy hour and not quite enough time… oh I don’t know – working? Figuring out a way NOT to tank the economy? Never mind their literal drunkeness, in general a careless, indulgent, and permissive attitude that seems to have taken over our once respectable institutions. Remember when accountants and bankers were highly respected professionals?
I’m not against anyone tossing a few back, just don’t puke on my 401k. The better we understand the world of high finance, the easier it will be to cut off the drunks before they wander into …read more

The US has been a leader in financial markets for quite a while now. Unfortunately, as anyone interested in international business knows, that may well be changing considerably. Why? Well, necessary deregulation combined with some archaic laws which remained led to a veritable regulation-phobia, and most everybody involved was making too much money to care. The result? That lack of oversight led to excessive risk taking by entities which were either implicitly government-backed or which, as it turns out, were simply “too large to fail.” That, and many Americans are sitting on properties which aren’t likely to be worth what …read more