Jun 30, 20142 minMorgan Stanley Fined $5 Million for IPO SalesAs my radio show listeners know, I don’t recommend buying into IPOs. If an IPO really is a great opportunity, investors are better to...
Dec 12, 20131 minAnother SEC Fine for Another Wall Street FirmFrom the Securities and Exchange Commission (emphasis added): SEC Charges Merrill Lynch With Misleading Investors in CDOs Washington...
Nov 6, 20131 minUS Takes $9.7 Billion Loss on GM Bailout So FarIn 2009, the US government threw GM a $49.5 billion lifeline in exchange for a 60.8% stake in the company, and $2.1 billion in preferred...
Aug 4, 20131 minYes, Congress Must Participate in Obamacare. No, They Don’t Have to Pay For ItThanks to an amendment by Senator Chuck Grassley, The Affordable Care Act throws Congress out of the Federal Employees Health Benefits...
Jul 28, 20131 minWhat Has HAMP Actually Accomplished?When the Obama administration launched the Home Affordable Modification Program (HAMP) in 2009, it was suggested that the program would...