Many organizations are celebrating the 40th anniversary of the Endangered Species Act. One group of equity investors that will not be honoring the occasion is Google, NRG Solar and BrightSource. This trio has spent millions to keep a large solar thermal power plant from going dark before ever lighting a single home -- and all because of a tortoise listed as threatened under the species act.
It is now almost three years since the Dodd-Frank Act was enacted to prevent the possibility that taxpayers would have to bail out "too-big-to-fail" banks. Yet there is serious concern that the legislation has not solved the problem.