Best overheard line here in San Diego at the Financial Planning Association's annual meeting: "The day traders of the 1990s became the mortgage originators of the 2000s."
During the FPA Experience conference I will be conducting 90-second video interviews at our booth (#1209). If you are going to be there and you want to be on RepTV on registeredrep.com, please come by and see me. Remember: We publish the Wealth...
The debate over self-regulatory organizations is building, since Congress introduced legislation to extend FINRA oversight of RIAs. And FINRA continues to push for regulating thousands of RIAs. Do RIAs like the idea? The SEC seems clearly...
Chris Whalen, a founder of Institutional Risk Analytics, estimates that Bank of America (Ticker: BAC) has potential liabilities of more than $100bn and so should seek bankruptcy protection. Meredith Whitney, the famed analyst who predicted that...
How much capital does Bank of America (Ticker: BAC) need? That question continues to haunt ML, despite Buffett's injection of $5bn in preferred shares (which doesn't count in capital under Basel III). ML FAs might welcome the spinoff despite the...
File this one as a "fun fact to know and tell." Or perhaps it indicates a mispricing in the equity market. Is Apple (Ticker: AAPL) really that profitable? Can it be that good? Apparently yes. Read on for more from ZeroHedge. ...
You've heard the argument a million times ring from the lips of demagoguing populist politicians. The argument is this: "Those evil corporate fat cats are crushing the middle class by exporting jobs overseas to make more money for themselves."...
