The Derivative Project
Trending: Are Bloomberg, Huff Post, Rolling Stone Promoting Phony Consumer Retirement Advocates?

Trending: Are Bloomberg, Huff Post, Rolling Stone Promoting Phony Consumer Retirement Advocates?

Summary of Issue – January 13 White House Memo on Conflicts of Interest -StockBroker or “Fiduciary” Advisor Registered with the SEC On January 13th, a five page White House memo, “Draft Conflict of Interest Rule for Retirement Savings”, by Jason Furman and Betsey Stevenson, argued that the costs of conflicted advice are…

Money Markets:  Suspend, File and Charge the Investor for Low Interest Rates

Money Markets: Suspend, File and Charge the Investor for Low Interest Rates

Moody’s actually did the unthinkable this week, with hardly a whisper.  They downgraded the money market mutual fund industry to negative.  Reuters covered it, hardly anyone else did – “Moody’s slaps negative outlook on U.S. Money Sector.”  Can’t have too much transparency for the retail investor.  They still think money market…

Wall Street, Hillary and a Disingenuous Revolution

Wall Street, Hillary and a Disingenuous Revolution

William D. Cohan wrote in Politico, November 11th, “Why Wall Street Loves Hillary.”  Perhaps just happenstance, but at the very same time, November 10th, a former Clinton Aide, announced his new firm,  Aspiration,  designed to “democratize” investing for the middle class….click here for  “revolution”  so says the Aspiration website. The…

Liquid Alts, Wall Street and Media Frenzies that Drive Retirement Investor Behaviors

Liquid Alts, Wall Street and Media Frenzies that Drive Retirement Investor Behaviors

The Media Frenzied Push for a “Passive Revolution”. The ink is hardly dry on the media frenzy that has created the “passive revolution”, where it is necessary to throw the baby out with the bath water and ignore the top performing, low fee active funds that have been generating alpha…

AIG Suit:  Role of Commercial Banks, Trust and Capital Markets

AIG Suit: Role of Commercial Banks, Trust and Capital Markets

AIG shareholders and Hank Greenberg have their day in court tomorrow.  Gretchen Morgenson of The New York Times writes a summary here: “Court Casts a New Light On a Bailout.”  Ms. Morgenson writes: “In spite of this punishment, A.I.G. repaid the loan in January 2011. I am not arguing that…

Congressional Capture Hasn’t Captured Senator Al Franken

Congressional Capture Hasn’t Captured Senator Al Franken

Regulatory capture is rampant, fueling the ongoing retirement crisis and the ongoing skimming of American’s retirement nest eggs by Wall Street financial intermediaries.  There is also a shocking proliferation of Congressional Capture.  As Firedoglake wrote, “Wall Street Lobbyists Literally Writing Bills in Congress.” There are so very few in Congress…

Yale Professor Ayres’ Proposed DOL Financial Sophistication Test is Brillant – Part II

Yale Professor Ayres’ Proposed DOL Financial Sophistication Test is Brillant – Part II

The Whys Behind Super Normal Profits for Wall Street in 401k Plans:   What is Yale Professor Ayres’ proposed solution to protect consumers from Wall Street shenanigans in 401k plans?  Double down!  Now that the facts and transparency are coming out about the skimming, over the last 30 years, from workers’…