The SEC and other gub'ment officials speak of the importance of disclosure in capital markets. Pity gub'ments don't like sunlight on taxes. The New York Post today has a wonderfully ...
Dick Bove, the widely followed analyst at Rochdale Research, has been bullish for a few weeks, and, more particularly, has said that many banking stocks were oversold. In a research note this morning, Bove points to a dozen or so positive...
Today the SEC issued a press release seeking "highly qualified industry professionals to serve as Industry and Markets Fellows in the Office of Risk Assessment." The idea is to create a team of "seasoned" financial pros to help the SEC stay...
Last fall Democratic leaders started pitching ideas about removing the tax benefits for 401(k) plans on the grounds that the tax benefits of 401(k)s go "disproportionately" to high-income earners. According to some estimates, the tax breaks "cost"...
Portfolio magazine may be dead, but its website is still up and running. Here is an interesting story from portfolio.com: The 20 Worst CEOs in history. I think Merrill Lynch's Stan O'Neal should be ranked higher than 18th. After all, he was at the...
The one-stop financial shop has always sounded great on paper: Why should a person go to one institution for checking accounts, to another to invest in stocks and bonds and to another to buy insurance? When Merrill Lynch was purchased by Bank of...
As professional financial advisors, imagine telling a client --- who is suffering a severe drop in income --- to cut his spending by 0.0027 percent. Well, that's what Obama is essentially doing in asking his cabinet to find $100 million in...
We've been awash in news of Ponzi schemes and greedy bankers. As a result, the "free-marekt-is-bad" argument has been trotted out in the usual precincts (The Atlantic magazine website even suggested that the so-called tea party protests held...
