Wall Street Breakfast: Must-Know News [View article]
At one time the rating agencies were compensated by adding a small fee to each bond transaction - thus the compensation actually came from the people who benefited from objective assessments. Why this isn't part of the proposed regulatory reform is anybody's guess.
Wall Street Breakfast: Must-Know News [View article]
The news on the Hartford's life insurance unit is disturbing. Presumably, life insurers - who also issue annuities - are being hit by the market's downdraft. And what are the guarantees for the millions who are dependent upon this industry for their retirement? Has there been any good coverage of the impact on this industry?
Wall Street Breakfast: Must-Know News [View article]
First the tobacco guys; then the car guys; then the bank guys. It's a good thing that the Dems got back from their retreat in Williamsburg in time to save the country.
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]