SKS Microfinance IPO

The IPO of the company I admire most.

SKS Microfinance IPO Attracts Strong Demand

Why you should be interested in the SKS IPO

I wish capital keeps on flowing for SKS Microfinance and the company is able to maintain balance between its priorities i.e. providing loan first and thinking of profit later. It’s difficult for any public company to maintain such a balance. Hope SKS is able sustain it.

Eugene Fama on CNBC

Fair Tax Treatment

The following New York Times editorial reported Hedge Fund pay in 2009.
Hedge Funds Make Hay

Shouldn't this be a top priority for law makers? We have gone through the worst recession since great depression due to financial crisis, but an important issue has not been taken care by law makers yet.

"The tax disparity results from an outdated rule that lets a money manager in a private partnership treat a chunk of his fees as if they were long-term capital gains, taxed at a special low rate of 15 percent. Fees for managing someone else’s money should be taxed as ordinary income, like wages and salary, at rates as high as 35 percent."

"President Obama has included a provision to end that special treatment in his most recent budget. For three years running, the House has passed a bill to close the loophole. In the Senate both Democrats and Republicans have resisted, all for fear of losing lucrative campaign donations."