18 Aug 2017

Lending Industry Faces Huge LIBOR-Related Costs Due to Bank Fraud

[sgmb id=”1″] The recent news that the worldwide LIBOR interest rate is going to be replaced after years of scandals about it being rigged by some of the world’s largest banks has started a slow-motion earthquake that is going to rattle interest rate lending worldwide. It also is going to

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19 May 2017

Flynn’s Biggest Punishment: Revoke His Pension

      Ask any public employee about their salaries and they will always mention their coveted pension. Public employee pensions are one of the last great perks for this employment sector. It is what keeps trash collections going, airplanes flying and the Pentagon staffed (some say, overstaffed) to its

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03 Feb 2017

Caveat Emptor: Trump’s Move to Revoke Dodd-Frank Means More Anti-Investor Initiatives Coming

[sgmb id=”2″] The Trump administration’s announcement today that it is moving to revoke the individual investor protections is bad news for unsophisticated, individual investors who are having a hard time saving for retirement and making higher return investments. Today’s announcement is the culmination of hundreds of millions of dollars spent

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19 Jan 2017

Exxon Has No Allegiance to the U.S. and Neither Will Tillerson

[sgmb id=”2″] By now, anyone seriously interested in Exxon’s long and twisted history in the oil industry worldwide can readily find information about its dealings with dictatorships, criminals and shadowy politicians to extract and export black gold from the far reaches of the earth. But, the proposed appointment of ex-Exxon

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03 Dec 2016

If You Hate Financial Regulations, You’ll Love This

[sgmb id=”2″] One of the core conservative beliefs of the Republican Party is to loosen or remove regulations, but a new proposed law by a conservative Senator raises the ante on eliminating regulations by forcing them to receive Congressional approval. This should make financial industry lobbyists salivate at the proposed

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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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07 Apr 2016

Historic Pro-Investor Fiduciary Regulations Now Under Attack From Trump Administration

[sgmb id=”2″] The Trump Administration has announced that it will seek to reverse the U.S. Department of Labor’s historic announcement that millions of investors will finally be able to receive objective, unbiased information about their investment choices. This attack on the fiduciary standard also is being abetted by the most

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29 Jan 2016

How Honesty Will Change the Financial Services Industry

The Golden Rule is having an impact on the financial services industry. This biblical phrase, “Do to others as you would have them do to you.” (Luke 6:31) has driven discussions about the ethics of reciprocity for over a thousand years, but at many of the nation’s largest financial services

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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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16 Dec 2015

Senate’s 2015 Omnibus Spending Bill Works Against Individual Investors

The near decade-long battle against adopting the fiduciary standard has been politicized from the start, butyesterday’s passage of the Senate’s Omnibus 2015 $1.1 trillion spending bill delivered  a huge package of tax breaks, as well as  a provision that barred the SEC from forcing financial companies from disclosing their political

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