Scott Rothstein's mess appears to deepen, as the largest Ponzi scheme ever attributed to a US lawyer increasingly appears to involve the law firm partners. The wreckage of the law firm appears to have ensnared many of the partners, as the Miami Herald reports, here....

Housing has been in a death spiral for a few years, and the latest evidence suggests that government support is the only thing keeping the housing market from complete collapse. Facts are facts, and the fact that housing has been on government sponsored life-support...

Republicans have prevailed in their efforts to rein-in future spending, as deficit-saddled US governments will find it nearly impossible to increase spending for at least the next 10 years. The New York Times reports, here, that the Obama administration has released...

The Florida Bar has initiated investigations of 35 of Scott Rothstein's partners, investigating trust account misdeeds and misappropriations. The Miami-Herald has reported, here, that Florida Bar investigators are focusing on the equity and non-equity partners of the...

Frank Rich of the New York Times writes, here, that the narrative of our decade has been defined by how easily we've all been duped by the con-artists in our midst. Collectively, Americans have become inured to the deception that surrounds our social, commercial,...

South Florida is awash in illegal money, and even federal investigators can no longer ignore this area as the center of corruption. Miami continues to uphold its well-earned reputation as being the capital of vice and corruption, as the Herald writes, here. Miami is...

Allen Stanford's Ponzi scheme is a stark reminder of our collective inability to discern wisdom from crowd behavior, especially in financial decisions. The Miami Herald today published an expose, here, of Allen Stanford's final, desperate days to prop-up Stanford...

Societe Generale recently published a white paper that purports to be a "worst-case-scenario" of economic predictions, but which ultimately makes a persuasive case for an economic meltdown akin to that experienced by Japan throughout its "lost decade" of the 1990's....