02 Apr 2018

When Financial Corporations Rip-Off Their Own Employees

[sgmb id=”2″]   Taking advantage of a stranger is bad enough, but what happens when a large financial firm knowingly takes advantage of its own employees? And to make matters worse, what happens when the employees are disadvantaged by their own employers in their own 401(k) plans? You would think

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29 Mar 2018

Barclays Twisted View of Corporate Reponsibility

[sgmb id=”2″] So this is how the world’s largest global banks, in this case Barclays Plc, based in London, play the regulatory and corporate accountability game: The bank admits it deceived investors and swindled them out of $31 billion in mortgage backed securities that helped propel the 2008 housing market-led

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20 Mar 2018

Why the Investment Industry Lobby Ignores the Retirement Crisis

      With over $19 trillion under management and the largest political lobby in Washington, you would think the investment industry, comprised of global banks, investment firms, U.S. registered investment companies and the insurance industry, would have a vested interest in seeing that more Americans enjoy a financially comfortable

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13 Mar 2018

Kudlow Is No Friend of Individual Investors

[sgmb id=”2″] The news today that Larry Kudlow, a CNBC TV market commentator and ex-Bear Stearns economist, may be the next White House’s National Economic Council, (succeeding Gary Cohen who resigned) is another bad omen for individual citizens and investors. Kudlow is an unabashed and unquestioning  advocate who pushes the prevailing

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05 Mar 2018

The Power Battle Over the Control of Pension Assets Hits the Tipping Point

[sgmb id=”2″] It’s no secret to more astute investors and political progressives that the decades-long battle to eliminate pensions and replace them with 401(k) is all about who takes the most amount of financial risk and has the most power to influence decisions made by investment firms and corporations.  When

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14 Feb 2018

Trump’s Generals Are Making a Killing in Pension Benefits

[sgmb id=”2″] Military generals in the Trump White house are making a killing, at least in terms of their pension benefits and salaries. Trump thinks that generals and other senior military officers are great at organizing chaotic situations or instilling discipline into errant civilians and others with minimal workplace experience.

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14 Nov 2017

Making Fraud Great Again

[sgmb id=”1″] In all of the millions of hours of TV commentaries and thousands of words addressing all aspects of the upcoming Republican tax bill, few have discussed the costs of fraud, what it is costing American taxpayers and how it is depleting the federal budget. Certainly there are Republicans

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19 Oct 2017

The Great Financial Mystery: What Caused the October 1987 Crash?

 [sgmb id=”2″] October 19, 2017 marks the 30th anniversary of the worst single day stock market decline in history, an unprecedented event saw the S&P 500 stock index fall by 23% and sent a shock wave which roiled international financial markets for two years. Yet despite the severity, traders and

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13 Oct 2017

Frankenstein Had More Class Than Facebook

[sgmb id=”2″] In response to the Russian meddling in the 2016 U.S. elections, a recent  New York Times article likened Facebook’s deficient advertising policy as an out of control Frankenstein monster. While there is some truth in comparing Facebook, as well as Google and some of the other mega social-media

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09 Oct 2017

Trump and Putin Want to Make Bribery Great Again

[sgmb id=”2″] One of the less visible goals of the Trump administration is that it wants to allow American corporations to bribe foreign governments to win business. Trump expressed this goal in a discussion with Secretary of State Rex Tillerson, as reported in the New Yorker. Tillerson, the former head

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