From the category archives:

Rants

So Sad, but So True

July 16, 2010

Tip of the hat to Barry Ritholtz.

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Another Major Fraud Case with Money Managers

June 3, 2010

Kenneth Starr, not the blue dress, Monica Lewinsky one, was indicted on a $30 million fraud charge last week. Like Bernie Madoff, Starr was known as an advisor to the stars with clients such as Al Pacino, Sly Stallone, Martin Scorcese, Diane Sawyer, Henry Kissinger, and others. Also like Madoff, these clients violated the number [...]

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Another Article on Fiduciary Standard

May 16, 2010

I have been following the debate in Congress about a fiduciary standard.  Here is another article from the Wall Street Journal discussing this very topic. The article begins describing the standard, which essentially means a legal requirement to put your client’s interest first, above all others, including your own.
At issue is whether a financial adviser—which [...]

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Landscapers Choose Unemployment Over Work

May 11, 2010

An upsetting article in the Detroit News about folks turning down landscaping jobs so they can keep collecting unemployment. Even more discouraging is this is in Michigan. People should jump over backwards for a job there.
I hope these landscapers find some hard working teenagers to fill these jobs and tell these adults to hit the [...]

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Move Your Money

April 19, 2010

With the latest information about how Goldman Sachs sold investments of mortgages to clients while simultaneously betting against the investments, I am bringing up the Move Your Money campaign. This won’t be the only story to emerge about unethical practices at the big banks. The government may talk tough, but they have done nothing, and [...]

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My Suspicions about Chuck E. Cheese Prove True

March 7, 2010

Having two young daughters, I have made my fair share of trips to the parenting Hades, also known as Chuck E. Cheese. I have personally witnessed, not experienced, some arguments between parents dealing with the games and table selection. When you are in an environment of hundreds of screaming kids, noisy electronic games, and cheap [...]

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Demonizing People in Debt

February 22, 2010

Here is a brief clip from Elizabeth Warren, who has been tasked to overlook the TARP bailout by the government, is talking about how those individuals who file bankruptcy are just like us. They work hard and spend rationally. It is just the debt piles up too fast.
Certainly, there are folks who end up in [...]

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Foreclosure for Plaxico

February 22, 2010

When I first read this story, I thought I could put together the typical article about how professional athletes must manage their money assuming their career is doomed to be short lived. This way they won’t face bankruptcy and foreclosure like so many before them. The professional athlete faces so many financial headwinds such as [...]

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Real Reason We Should Hate the Bank Bonuses

January 17, 2010

Unless you live in a cave, you have probably heard about the massive bonuses being received by the big banks this year. To date, the estimate for the top 38 firms is $145 Billion.
This comes at the heels of the biggest handout in history. The U.S. government provided $700 billion to the banks in the [...]

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Open Letter to My Conservative Hero

December 17, 2009

I am an avid reader of George Will. He is one of the few journalists that seems to advocate free market ideals and limited government. However, he penned an article recently that really upset me. He actually defends the Fed and argues they should not be audited. Below is an email I sent to papa [...]

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