I guess it wins votes: Exploiting the outrage a populace who loves to hate failed Wall Street fat cats. But the vicious moralizing is revealing. What it says about politicians is actually very scary indeed. In case you had any doubts about the...
Today, the SEC charged two former top-ranking New York political figures with orchestrating a multi-million dollar fraudulent “kick back” scheme. The SEC complaint names David Loglisci, the former New York Deputy Comptroller and chief...
Bear market rally or the beginning of a new bull market? Who the heck knows, but there is good news out there. The S&P extended it’s rally and is now up about 17 percent since hitting 12-year-lows last week. Today’s market was fueled...
There are likely few people who’d want to be in Edward Liddy’s shoes—especially today. The AIG CEO is testifying before the Inquisition—er, Congress this morning. Liddy will be grilled about $165 million in bonuses his company doled out to...
So sang the great country music pioneer Maybelle Carter of the Carter Family. As the 1936 song goes, “This dark hour of midnight [is] nearing/And tribulation time will come.”...
Most estate-planning attorneys come across clients who want to attach some sort of condition on gifts they make to descendants and other beneficiaries. And most estate-planning lawyers know that conditions creating restraints against marriage...
This week, Wall Street is bearish on compensation. Perhaps the most alarming (read hilarious) bit of news was a veritable death sentence for AIG executives issued Monday by Iowa Senator Charles “Chuck” Grassley, who told Cedar Rapids...
Do you sell insurance to clients? Then listen up. A new rule governing who can sell indexed annuities, and increased scrutiny of senior designations, could have an important impact on how you do business with clients.
Sandy Weill and Hank Greenberg are no longer billionaires, and the great Warren Buffett took a hit too. But the Forbes annual billionaire's list reaveals that Mayor Mike Bloomberg got richer.
