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Friday, August 17, 2007 12:00 AM

Panic on Wall Street

You've heard about the home-loan bust, but do you know your derivatives from your tranches? Read Salon's easy guide to understanding the current market freakout.

By Andrew Leonard

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Friday, August 17, 2007 09:54 AM

Cheney doesn't benefit directly from Halliburton Stock

There are plenty of valid criticisms that one might make of Vice President Dick Cheney, but Ron Smith's is not among them. He wrote, "What sitting Vice-President refused to part with his 444,000 Halliburton stock options? Dick Cheney."

In fact, Dick Cheney signed a "Gift Trust Agreement" that sets up a third party "Administrative Agent" in charge of exercising his Halliburton options and distributing the profits to specified charities. Say what you will about Dick Cheney, but don't accuse him of unethically profiting from rises in the price of Halliburton stock. It's not true.

—eyesay Read eyesay's other letters

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