Newt Gingrich is a boastful kind of guy. But when it comes to Wall Street, the former House speaker is surprisingly modest.

Gary Weiss

Categorized in : Street House Kind Guy

The problem with the focus on speculators, as was demonstrated during the financial crisis, is that it tends to divert attention from the real villains. During the financial crisis, the villains were the actions of the banks, not the speculators betting on bank share prices.

focus problem real attention

Conspiracy theories feed on opacity, and that's a longtime problem with short selling. Large long positions must be reported to the Securities and Exchange Commission in public filings, but not large short positions.

short conspiracy problem long

Short-sellers perform a useful function in the market as conduits of negative information, and shorts often complain that they are discriminated against by regulators.

complain against information negative

I'm rooting for Saudi Arabia getting a seat on the U.N. Human Rights Council.

seat human human-rights rights

Mutual funds dare to be average. In fact, they dare to be lousy. They have long since ceased striving for anything resembling perfection when it comes to managing your money.

your money perfection long