Posted on 13 March, 2011
One would think that the collapse of worldwide markets would have provided a wake-up call to governments and investors across the country. And yet, as a Portfolio Manager for private wealth individuals in Canada, I come across many intelligent and sophisticated individuals who have little if any clue as to their all-in management fees with their current adviser. Truth be told, one often needs a forensic scientist to discover how much their investment adviser really earns from managing your money.
Posted on 29 April, 2010
In ordinary times, the SEC’s fraud case against Goldman Sachs would have been settled before it was even filed. There would have been a consent decree in which Goldman neither admitted nor denied any wrongdoing, paid a fine, and agreed to make more fulsome disclosures in the future. But these are not ordinary times.
Posted on 19 March, 2010
The U.S. Federal Reserve must reveal documents identifying financial companies that received Fed loans to survive the financial crisis, a federal appeals court ruled Friday. A panel of the 2nd U.S. Circuit Court of Appeals in Manhattan said in two separate opinions that such information isn’t automatically exempt from requests under the Freedom of Information Act.
Posted on 21 January, 2010
President Barack Obama, eager to harness and redirect voter anger over bank bailouts, is ramping up his clampdown on Wall Street. Building on his own proposals and the work of the House, the president wants new federal government powers to limit the size and complexity of large financial institutions and to limit their ability to engage in high-risk trades.
Posted on 14 January, 2010
Have we learned anything from the financial crisis? John Cassidy, a New Yorker economics writer, has written dozens of articles about the crisis. Now he’s written a book, How Markets Fail: The Logic of Economic Calamities (Viking, $35), that has received excellent reviews since coming out last month.
Posted on 12 January, 2010
One of the most remarkable things about the financial crisis is that, despite nearly destroying the economy, it hasn’t led to any meaningful banking reforms. One might think that, after a near-death experience, fixing the system would be a top priority. But for a variety of reasons, including the market recovery, nothing has [...]