The never ending story of Credit Suisse First Boston and their main man Frank Quattrone continues. We have been covering these two crooks for over two years and it still isn’t over. This month the National Association of Securities Dealers states that it plans to file civil charges against Frank. The charges from the regulatory […]
There was a report that someone in Pakistan had published in a newspaper an offer of a reward to anyone who killed an American, any American. So an Australian dentist wrote the following to let everyone know what an American is, so they would know when they found one. An American is English, or French, […]
France and Germany have decided that they know much better than the United States in regards to Iraq, war, and weapons of mass destruction. The United Nations feels that they should have supreme power over the United States. Inspector Clouseau (A.K.A. Hans Blix) and his crew continue to amble around a country the size of […]
I love receiving letters and e-mails from our readers and listeners. This past month I received so many wonderful, inspirational holiday greetings from many of you and I would like to thank everyone for making my holiday wonderful. There was one holiday greeting I received that articulated the problem we are now facing regarding economic […]
Be very wary of investment firms who tout their research as being the best. Institutional Investor Magazine turns out an all-star list every year that many firms use in their marketing pieces to lure new clients. In a recent study by Investars, the truth comes out about these so-called star analysts. In this study 110,000 […]
Most people who have been haphazardly investing in mutual funds are already aware of this, but I am going to remind you again. 90% of stock mutual funds reported negative returns in 2002, this according to Weiss Ratings. This is the third consecutive year that investors have suffered declines in stock funds. The Scorecard -19.22% […]
We have noticed a startling amount of malfeasance in regards to the use of variable annuities. More and more investors who we have helped over the past year have had variable annuities inside their IRA accounts. Investors were being sold a product while their “advisor” was reaping a hefty commission and they were being sold […]
The fines are not over for the big bad brokerage firms. Our country’s largest investment banks are now facing a $3 billion to $4 billion liability from lawsuits arising because of all the conflicts, scams and rip-offs that have been pulled on Americans over the past 5 years. Citigroup said it is setting aside a […]
Eliot Spitzer and his band of regulators required that the ten large cartel firms would have to fund some independent research scheme to the tune of $450 million. There were some superb points about the “repentance” part of the settlement brought to light by Emily Lambert and Michael Freedman from Forbes Magazine, which needs to […]
We have been tracking the buddy club story for the past two years and have caught several firms in the act including Smith Barney, CSFB, and Merrill. Now we have a new member of the buddy club, Goldman Sachs. It is now evident that the buddy system was in full effect at Goldman Sachs. Top […]