From the category archives:

Rants

Rewarded for Failure

July 3, 2011

How many of you could totally screw up at your job and not feel any pain or punishment? If you aren’t a corporate CEO, you probably can’t. Here is an article profiling a few corporate execs who jumped the shark at their previous firms only to latch onto high paying exec jobs at other companies. [...]

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Taibbi Hammers the Vampire Squid

May 14, 2011

I finally got around to reading the latest piece from Matt Tiabbi where he goes on the offensive against Goldman Sachs. The Rolling Stone article “The People vs. Goldman Sachs” It is a long read, but well worth the time. While I believe there should be bankers heading to prison (over 1,000 were convicted during [...]

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The Real Lessons of Egypt for America

February 12, 2011

As the celebrations continue in Egypt after President/dictator Hosni Mubarak fled the nation, we need to examine the real lessons behind the revolution. The mainstream media portrays this strictly as fight for freedom. The press isn’t reporting on the real reason for the uprising: economics. Egypt has been under Mubarak’s rule since he claimed power [...]

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Great Advice from a Legend

February 1, 2011

I know this is a finance blog, but I was saddened to hear of Jack LaLanne’s death recently. He was an amazing man, and he motivates me to push myself physically even though I am past 40 years of age. I saw this article on Esquire with some quotes. Here are my favorites If man [...]

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Five Quick Ways to Bankruptcy

September 29, 2010

I saw an interesting article in Yahoo Finance about the Five Quickest Ways to Bankruptcy. The five were: 1. Doing the Plastic Shuffle 2. Assuming Insurance will cover medical bills 3. Taking out advances on your paycheck 4. Keeping up with the Joneses 5. Overestimating the Value of an Expensive Degree All of these are [...]

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Fiduciary Standard Comes to Boiling Point

August 17, 2010

The Securities and Exchange Commission (SEC) is attempting to develop standards for both registered investment advisors and brokers. Currently, most consumers don’t know the difference between a broker at a big wirehouse and a financial planner. They both deal with financial issues so they are seen as the same. This ignorance is damning to the [...]

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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 [...]

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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 [...]

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