According to a report by the Government Accountability Office, 28% of large U.S. corporations paid no income tax in 2005.
Whether done voluntarily, as in the case of Merrill Lynch, or as the result of settlements with regulators, as with Citigroup, JPMorgan Chase, Morgan Stanley, UBS and Wachovia, the buy-backs of failed auction rate securities that giant Wall Street firms have agreed to undertake are significant.
Providing financial advice is similar to providing medical advice in that there is inherent uncertainty about whether recommended actions will achieve the desired results.
Advisers have a fiduciary responsibility to educate their clients that generating enough cash to fund lifetime goals and objectives adequately is the key to financial success
The best part of the housing bill signed by President Bush on July 30 was the section that establishes new regulations for mortgage loan originators.
Merrill Lynch & Co. Inc's actions last week may well have marked the beginning of the end of the financial crisis that has gripped the economy for more than a year.
Not immediately, but at some time in the foreseeable future, Fannie Mae and Freddie Mac must be either officially nationalized or fully privatized.
After weeks of slumbering on the sidelines, Christopher Cox and the Securities and Exchange Commission have become engaged in the financial crisis that has swept the markets.
In casual conversation about the troubled financial markets, the words "risk" and "uncertainty" often are treated as synonyms.
Federal Reserve Board Chairman Ben Bernanke's speech last Tuesday attracted the most attention for new mortgage lending rules, to be detailed this week, and for leaving the Fed's doors open to investment banks until next year.
While you can’t always guarantee investment, you can guarantee service that will make your clients feel valued.
Last time, I discussed the rationale behind accelerating the payment of taxes rather than deferring taxes for as long as possible.
Many analysts have commended Southwest Airlines Co. for hedging its fuel prices years in advance, thus allowing it to remain profitable while the rest of the airline industry fell into or barely avoided bankruptcy.
The Federal Reserve Board and the Securities and Exchange Commission met last week to hash out a way to fill the regulatory gaps revealed by the mortgage bubble and its consequences.
