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 concerned) has been the single

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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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12 Jan 2016

Powerball Winner Will Pay More in Taxes Than Some of America’s Largest Corporations

If there is a winner of the upcoming Power Ball Lottery, they could end up winning over $1.4 billion.  And accompanying this once-in-a-lifetime bonanza will be a tax bite that could run as high as $400 million, depending on how the payout is taken, as well as other considerations, such

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05 Jan 2016

A Unique Candidate Makes a Historic Pledge: Sanders to Break Up the Big Banks

Democratic presidential candidate made an historic pledge today by promising to breakup the same global U.S. banks that caused the 2007 recession, wiped out trillions in wealth for all Americans, and have been abusing their privileged status for generations. In his speech today, Sanders said: “If a bank is too

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30 Dec 2015

Hedge Funds Push Conservative Candidates to Maintain Their Edge

When you are a master of the universe, you have to make sure your place on earth is secure. That’s why the nation’s largest hedge funds have been pushing the odds, gaming the system, working to get the edge and hedging their bets to get the most bang for their

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28 Dec 2015

“The Big Short” Gives the GOP Another Reason to Hate Hollywood

One of this holiday season’s biggest and most timely movie hits is “The Big Short,” an unusual film about one of the most esoteric financial topics ever to be presented to a mass audience on the big screen. There are no car chases, shots of cleavage or explosions in the

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