11 Nov 2016

DNC Finally Starts Its Long Overdue Effort To Clean House

[sgmb id=”2″] Today’s news has the following long overdue announcement from the Democratic National Committee: “Democrats have alternated between internal finger-pointing and uneasy soul searching after an intensely rocky year. The painful 2016 cycle capped eight years under President Obama that saw the party lose more Senate, House, Governor and

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26 May 2016

Sanders vs. Trump: Could This Be the Debate of the Century?

[sgmb id=”2″]Democratic Socialist Bernie Sanders and Republican Capitalist Donald Trump have tentatively agreed to a debate before the June 7, 2016 primary in California. If so, the event would be an uneven intellectual, bare-knuckles debate about a range of critical issues ranging from the failures of unregulated capitalism, income inequality,

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24 May 2016

No Chairs Thrown By Sanders’ Supporters: Snopes

[sgmb id=”2″]As an earlier article on this web site said, there were no chairs thrown at the Bernie Sander Democratic convention in Nevada. The media did a poor job of verifying an allegation by a second-hand blogger that chairs were thrown, but the political media never did their basic job

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22 May 2016

Time for Outsiders To Emerge in the Financial Services Industry

[sgmb id=”2″]Being a political outsider has captured the attention of the American electorate in the last decade or so and is now been credited with generating a fundamental re-assessment of the national political establishment.  Now, it’s time for outsiders to emerge in the financial services industry. Why? Simply because the “financial services industry,” a

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19 May 2016

The Mystery of the Flying Chair: A Bad Day For Journalism

[sgmb id=”1″]It is easier to steal a canoe than a pack of gum and so it was in Nevada this week when the Nevada Democratic Party railroaded the Bernie Sander’s campaign by ignoring a floor debate and unilaterally declaring a vote and more delegates to Hillary Clinton. The disputed result produced a vocal

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18 Apr 2016

Bad News for Wealth Managers: Top 5 Fastest Growing Jobs Pay Less Than $25,000

Every financial advisor dreams of a future when their expanding practice includes a large number of wealthy, retiring clients having portfolios north of $500,000. But it’s time for a reality check. That is not going to happen because more new  jobs don’t pay much and worse, even people with 401(k)s

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12 Apr 2016

The Average Investor’s Guide to the New DOL Fiduciary Regulations

The U.S. Department of Labor (DOL) has done a yeoman’s job of tentatively passing new a new set of regulations that will benefit individual investors from the conflicts-of-interest that are too common in the financial advisor business. But in order to get the revolutionary new regulations passed, the DOL had

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05 Mar 2016

Regulatory Capture Finally Gets the Spotlight…For Now

At long last, the General Accounting Office (GAO) has been asked to investigate the revolving door personnel changes that occur under every administration between top-level people working on Wall Street who enter the very federal agencies that provide oversight for their former firms. This revolving-door scenario is common at all

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09 Feb 2016

Sanders’ Claim That The “The business model of Wall Street is fraud” Goes Unchallenged by Wall Street

        “The business model of Wall Street is fraud.” Or, to put it another way, “The business model of Wall Street is conflict-of-interests.” By far, the most pointed statement made so far in the 2016 presidential campaign (at least, as far as the financial services industry is

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22 Jan 2016

Sanders Expands the Boundaries on Financial Reform

For decades, people concerned about financial reform and protecting individual investors against predatory industry practices have accepted the fact that they must work in a very confined space in order to advance even modest reforms. Democratic presidential candidate Bernie Sanders has changed that perception. Sanders is an unabashed, long-time advocate

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