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The Federal Reserve made a colossal gamble with its so-called “Quantitative Easing” or “QE,” which is simply a euphemism for its $4.4 trillion binge of buying long-term bonds and mortgages. Its big bid for long bonds, along with parallel programs undertaken by other members of...

This morning the Supreme Court will hear oral argument in U.S. Bank National Association v. Village at Lakeridge, in which the justices will consider the appropriate standard of review for determining non-statutory insider status in a bankruptcy proceeding. Ronald Mann previewed the case for this...