1. Friday's New York Times had a terrific, in-depth report about tax avoidance strategies employed by General Electric. The kicker:
Yes, our corporate tax rate is one of the highest in the world, but this story illustrates the successful lengths companies can go to reduce or eliminate that burden, including aggressive employment of a variety of credits and deductions. At Real Clear Markets, Bill Frezza says meaningful reform should include dumping all of them:
3. Guess what? Some people are going to jail for mortgage fraud - just not the people who profited the most.
