Yep, Big Boy did it. Big Boy is the name that I have pinned on banks and Wall Street --- in short, all financial institutions. Like Dick Tracy's Big Boy, Wall Street and money center banks caused the financial/housing bubble and are railroading...
This morning, I posted a short blog about how the Ewing Marion Kauffman Foundation, a respected foundation that focuses on the promotion of entrepreneurship, released a report criticizing ETFs for hurting capital formation among small caps ...
It is a longstanding tradition to blame short sellers for stock market debacles (or for individual stock plunges in value). Now, a study argues that ETFs are threatening the economy, manipulate the market and were a cause of the the Flash Crash of...
Yesterday, I wrote a short about how pleased I was that Schwab decided to litigate a class action suit over its YieldPlus Fund---instead of laying down and letting the tort bar plunge for filthy lucre. Well, not everybody was as pleased as me. FBR...
Good for the Charles Schwab Corp. (and with apologies to the hip hop group Public Enemy, authors of the song, "Fight the Power"). Yesterday it issued a press release saying it was backing out of a settlement of $235 million involving its YieldPlus...
America's love affair with exchange traded funds continues, as assets in 938 ETFs totaled a record high $924.9 billion as of October 31 --- up $39.9 billion or 4.5% during the month, according to State Street Global Advisor's monthly ETF report. ...
Why would anyone raise prices when sales are declining? That's essentially what will happen if Congress does nothing and does not extend the Bush tax cuts. Taxes will go up for everyone. (If Congress really wanted to stimulate the economy, it...
LPL's long-awaited initial public offering is imminent. Today, the underwriters --- Goldman Sachs, BofA Merrill Lynch, Morgan Stanley and J.P. Morgan are the leads in the syndicate --- emailed a pdf. prospectus, a ...
Schwab Charitable reported record activity through the first three quarters of 2010, with contributions jumping to $610 million--a 274 percent increase over the same period a year earlier. Why? Donor-advised funds are now being embraced by the...
