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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28 Oct 2015

Setting the Stage for the Political End Times

Issues can be defined as how they are addressed, as well as how they are ignored. Tonight’s second Republican debate will continue to show the Party’s priorities, as well as what issues they choose to avoid.  While taxes, regulation, defense spending and anti-Obama rhetoric are all expected fodder for tonight’s

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26 Oct 2015

Jeb Bush’s Correspondence with Narcodealers Erased from Secret DEA System

In his new book “Reply All,” Republican presidential candidate Jeb Bush uses his e-mail correspondence with various constituents to explain his policies, political philosophy and strategy to promote his conservative platform as Governor of Florida.  (He served as Florida governor from 1999 to 2007.) But one very important series of

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17 Aug 2015

DOL Seeks to End Victimization of Investors

In the never-ending debate about the retirement advisor industry’s adoption of the fiduciary standard–aka, giving a customer an even break–a Department of Labor (DOL) official has cut to the chase and said the fiduciary rule would effectively change the advisory business culture. And that’s exactly why the industry hates the

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14 Aug 2015

LIBOR-Rigging Banks Reach A Deal and Conquer the World

In the latest part of this long saga about big rigging of the London Interbank Offering Rate (LIBOR) that began in the early-1990s, eight of the world’s largest banks have agreed to pay a little over $2 billion to settle charges that their traders rigged the world’s largest benchmark for

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