$25 for a Cheeseburger?!

They graduated from the Ivy League. They’ve got PhDs. They’ve earned every meaningful professional designation imaginable. How could they miss these things?

I remember listening to the Pretenders in the 70’s and 80’s, and I remember reading a Rolling Stone interview with the band’s lead singer, Chrissie Hynde. Talking about the hassle’s of the road, she recounted how, once people learned who they were, the price for everything would skyrocket.  The owner of one roadside diner decided that his $2.95 cheeseburger cost $25 the night the band stopped in for dinner. Last week, the SEC filed an enforcement action with parallels to that story. According to the SEC’s press release: (more…)

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