Wall Street Breakfast: Must-Know News [View article]
Eli, I have been following what Phil Davis and Anthony Schneider on SeekingAlpha have been saying about the role of hedge funds and I-Banks in pushing up the prices of commodities.
Wall Street Breakfast: Must-Know News [View article]
Eli, In 1974 I did my MBA at the University of Western Ontario in London, Ontario, Canada. In finance classes, we did not study Index Funds, Funds of Funds, CDO's, derivatives, futures trading, etc. etc. Some of these "products" didn't even exist in 1974.
Now, we have had salesmen selling stuff that has caused a horrible mess in the world financial structure and as Warren Buffet recently said " It has to take time to work itself out" In the meantime, shareholders and foolish investors around the world are suffering.
How terrible that there is no responsibility in all of the Corporate offices around the world. Even the CEO of Countrywide has not owned up to the fact that CFC's business model was deficient.
Ethics are part of the problem.
We did not have to learn ethics in 1974. Everyone was honest in my class. No one was able to B/S their way through the two year, case study, program. Neither the students or the professors or the dean would allow B/S or a breech of ethics.
Although I enjoy SeekingAlpha for the good information, I too often find terrible articles ( and worse comments ) regarding "products" and behavior that is misleading and downright wrong as well.
Wall Street Breakfast: Must-Know News [View article]
Two good links are:
www.star-telegram.com/...
and
www.commerce.senate.go...
Writers like Jim Kingsley and Dr. Mark Perry and others are not telling the whole story about what is actually happening.
Please take some time to read the above data and publish your thoughts on the subject. Thanks
Wall Street Breakfast: Must-Know News [View article]
Now, we have had salesmen selling stuff that has caused a horrible mess in the world financial structure and as Warren Buffet recently said " It has to take time to work itself out" In the meantime, shareholders and foolish investors around the world are suffering.
How terrible that there is no responsibility in all of the Corporate offices around the world. Even the CEO of Countrywide has not owned up to the fact that CFC's business model was deficient.
Ethics are part of the problem.
We did not have to learn ethics in 1974. Everyone was honest in my class. No one was able to B/S their way through the two year, case study, program. Neither the students or the professors or the dean would allow B/S or a breech of ethics.
Although I enjoy SeekingAlpha for the good information, I too often find terrible articles ( and worse comments ) regarding "products" and behavior that is misleading and downright wrong as well.
You and Judy give us good information. Thanks.
I hope others will follow your good example.