The subprime-mortgage fiasco has revealed several flaws in the financial system that must be corrected if similar disasters are to be avoided in the future.
The subprime-mortgage meltdown, which has triggered a larger meltdown throughout the credit markets, is the latest example of grand-scale faulty logic and short-term thinking.
When preparing to depart from a meeting or other encounter with a senior officer, it is a still-practiced naval tradition for junior officers to make the request, "By your leave, sir/madam."
Rep. Charles B. Rangel's Tax Reduction and Reform Act of 2007 is misnamed. It should be called the Tax Reallocation and Complication Act of 2007 or perhaps the Accountants and Financial Planners Full Employment Act of 2007.
The North American Securities Administrators Association Inc. and the Public Investors Arbitration Bar Association want to remove industry arbitrators from securities arbitration panels, arguing that the presence of industry representatives makes the panels inherently unfair.
As November approaches, and 2007 comes to a close, investors are taking stock of their realized and unrealized gains and losses for the year.
When the Federal Reserve Board cut the discount and federal funds rates by 0.5 percentage points Sept. 18, some critics charged that Fed Chairman Ben Bernanke and his colleagues had acted too quickly.
Many financial planners and investment advisers have helped small companies establish 401(k) retirement plans for their employees.
There is something rotten in the state of Michigan. Gov. Jennifer Granholm and state lawmakers emerged from a recent late-night budget session with a new 6% sales-and-use tax that affects investment advice services, among about 20 other previously untaxed services.
Social Security was once the third rail of politics. For years, the conventional wisdom held that if politicians mentioned the system's financial problems and so much as alluded to changing anything, they faced electrocution in the court of public opinion and a grisly end to their career
I am one of the umpteen million baby boomers slogging my way toward retirement. My generation — oh, you know the drill: “We changed everything,” “We’ve rewritten the rules,” yadda, yadda, barf.
The Pension Protection Act provides a good outline of the major components required Over the past year, I have written extensively on provisions of the 2006 Pension Protection Act. Let’s now focus on components of the PPA’s computer-driven advice model.
