Harry Markopolos should be every American investor’s hero, I know that he’s one of mine. Mr. Markopolos, one of few Wall Street executives with a conscience, tried unsuccessfully for almost a decade to alert the SEC that Bernie Madoff was running a Ponzi scheme. The SEC’s refusal to investigate Madoff during that whole period is [...]
A world that’s more riot than profession, the trading floors of Chicago are a place where gambling your family’s mortgage is all in a day’s work.
FLOORED, at a time when markets are unhinged, offers a unique window to this lesser-known world of finance. These men may not have degrees, but they’ve got guts, and [...]
Since I previously wrote an article describing a pharmacist as a victim of financial fraud, why not create another post describing a pharmacist as a perpetrator (alleged) of financial fraud?
That’s right, and serious financial fraud too. According to excerpts from a recent SEC press release:
The Securities and Exchange Commission today charged four promoters and a [...]
I own shares in a private de novo bank named VantageSouth Bank, a small community bank headquartered in Burlington (Alamance County), NC. I bought 100 shares of their stock in 2006 at $11.00/share during their initial public offering, being well-aware that investing in a de novo startup is a risky venture and I could easily [...]
Via Fortune – Buffett and Bogle: The best advice I ever got.
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Are Bankers Truly Sinister?
Plenty of blame for The Great Recession has been deservedly heaped upon the bankers for creating this whole financial crisis, and for almost causing the collapse of our whole economic system.
But, no one should be surprised about their behavior. As this video shows, it seems as though bankers have had contempt for the consumer [...]