From Ted Frank’s post on Point of Law:
Hans Bader discusses the seemingly incoherent approach of the Department of Justice to prosecuting financial abuses, though I suspect it’s a little early to criticize the lack of prosecutions in the MF Global case. If there aren’t indictments closer to the statute of limitations deadline, then we can raise an eyebrow.
Fred Smith is the animating spirit at the Competitive Enterprise Institute. Fred conceived of the idea for an organization that would, in his words, “find a more positive answer to the challenge Joseph Schumpeter laid down in his essay, “Can Capitalism Survive?” He founded the organization and served as president for nearly three decades.
He died at the age of 83 at home in Maryland where he is survived by his beloved wife Fran. Fred was a friend and mentor, an advocate and ally, and an inspiration. His bright light lives on in our work.
Fred Lee Smith
December 26, 1940 – November 23, 2024