Merrill Lynch won’t be paying Stan O’Neal a bonus or severance package, the company announced in it’s Form 8-K filed today. But O’Neal, who “retired” today as CEO after a disastrous...
Apparently Merrill Lynch has been gorging itself on risk. And, it may cost CEO Stan O’Neal his job, according to Charles Gasparino on CNBC’s website today. Gasparino says O’Neal expects to be fired...
The SEC has filed a complaint against a former LPL rep and branch manager, who, the SEC says, had been engaging in one of the oldest broker tricks in the book: Stealing his clients money.
Mark Boyadjian oversees the Franklin Floating Rate Debt Group, which manages $5 billion in assets, for Franklin Templeton Investments. Registered Rep. spoke with him about the current credit crisis. Registered Rep....
The curious thing about a bubble is, when it bursts, you can't believe people actually behaved the way they did. (Remember, in the late 1990s, backing up the truck and buying the QQQQ for clients? Nah, not you.)...
About the current credit market turmoil, Former Federal Reserve Chairman Alan Greenspan said in early September, The behavior in what we are observing in the last seven weeks is identical in many respects to what we...
Even though Helicopter Ben pumped some liquidity into the ailing U.S. financial system last month, it's undeniable that the blame game will continue. Who is at fault for the credit crisis caused by sub-prime loans...
It sure is a great time to be an advisor to the fabulously wealthy. There are so many of them. Consider this: since 1995, the number of millionaire households in the United States has more than doubled. "Never before...
In general, Registered Rep. tries to stay out of politics. But the 2008 presidential election has already captured my attention. Sensing a demoralized Republican party, the Democrats seem to be positioning themselves...
It sure is a great time to be a financial advisor. Consider this: Since 1995, the number of millionaire households in the U.S. has more than doubled. Never before had so many Americans become so rich, so quickly...
