Wall Street misconduct, the SEC, crypto, private equity, hedge funds, sports betting.
103 articles · page 3 of 6
This article was updated on Jan. 25, 2022. Unethical investment websites have intentionally hyped crypto and SPAC scams to naive investors in exchange for ad money and it is creating unprecedented bubbles, market volatility, and big losses for naive investors. Thanks to click-bait business models, financial journalism has entered a new phase of…
Hedge fund managers get paid hundreds of millions in salaries even when their fund underperforms the S&P 500 Index. These huge salaries are possible because of the carried interest tax loophole. Abolish the loophole, correct hedge fund abuses.
Among the world’s banks, the U.S. takes the top spot in the number of banks being fined for regulatory infractions and in the number of cases. That’s not a great case for regulation, especially when it is compared to other banks worldwide. According to a study by finbold.com, the world’s largest single fine was issued…
It’s no surprise that the Trump administration opened the floodgates to corrupt public officials and criminals to work inside his Republican administration. This corruption will be even worse if the American people are dumb enough to elect Trump for a second term in 2024. In Trump’s first term as president, there was no shortage of…
Too much is never enough when you have a net worth of at least $500 million.
While they are not well known to most investors and currently account for a minuscule share of the $24 trillion U.S. retirement and pension fund asset market, Bitcoins may be playing a larger role in your retirement future. That’s because Bitcoins are considered one of those rare inventions that some experts believe can fundamentally…
There is a great scene in the movie “Titanic” when the chairman of the White Star Steamship Company, J. Bruce Ismay, the heir to the family that owned the Titanic, sneaks into a lifeboat that was reserved for women and children. In the movie, Ismay pushes past one of the ship’s officers to enter the…
When the federal government creates a huge program that offers loans to large segments of the population, it will also attract a disproportionate number of opportunists, fraudsters and white-collar criminals. The current $2 trillion bailout, the first in what is expected to be a number of federal loan programs to aid corporations and small…
Former Obama Vice President Joe Biden likes to paint himself as a moderate reformer, but his history shows otherwise. The best and most far-reaching example of how corporate Democrats intentionally bypassed any efforts to reform a corrupt system is Biden’s and Obama’s meek response to the 2008 financial crisis. Obama’s legacy of financial…
Some of the most significant financial institutions and trading firms on Wall Street are incorrigible. A decade after the 2008 market crash, some of Wall Street’s most significant trading firms continue to operate in the shadows, manipulate markets, launder money, and re-write the rules of swaps payments when they have the leverage…
Wealth is an intriguing and divisive topic in politics and financial planning today. As a result, discussions about wealth, what it is, how to measure it and how to attain it has become a popular topic among advisors who are all contorting themselves into finding new ways to present what is really a…
A new financial analysis finds that Medicare for All, a bill (S 1804) introduced by Sen. Bernie Sanders in 2017, is not only financially viable, but that it could provide health care for all Americans and reduce health care spending by $2.93 trillion over the current system. The report, entitled an Economic Analysis…
If people believe the fallacy that Trump is a successful businessman, than his negative impact on the stock market is no surprise. Turmoil in the White House begets turmoil in the confidence of the American electorate, as well as in the financial markets. Whether it is paranoia about invaders from the south…
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 recession. In a suit to…
In 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 costs American taxpayers, and how it depletes the federal budget. Indeed, there are Republicans who want “to starve the beast” and cut off almost…
This site has never printed an entire news article from another site, but this is a great story about how bond traders lied during the 2007-2008 housing fraud that led to the financial crash. That housing crash resulted from top-down and bottom-up fraud involving realtors, mortgage companies, hedge funds, banks, traders, and global investment…
Want to rig the world’s largest financial market? No problem. At least, that is what prosecutors in the U.S. and the UK are saying about their charges that three of the world’s largest global banks rigged parts of the $5.3 trillion a day foreign exchange market. To give you an idea of how big…
Vanguard, the industry’s biggest proponent of lowering fees and expense rations for its mutual funds and ETFs, continues to remain far ahead of the industry by announcing that it has reduced fees again. In a May 26, 2016 release, Vanguard said: “Vanguard investors saved $71 million as a result of lower expense…
Self-regulation is the Republican mantra today, but it has a long history of failure, especially in the financial services industry. As events have shown, price manipulations and outright fraud have been part of the daily business practices at some of the world’s largest banks and investment firms. This helps explain why six U.S. banks agreed…
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 film, but for anyone who…
