When Treasury Secretary Henry Paulson Raised the Information Ante
On July 28, 2008, then-Treasury Secretary Henry Paulson held a curious meeting in New York with about a dozen hedge fund managers. At the time of the meeting, Bear Stearns had already been forced into a fire sale to JP Morgan Chase for $4 a share four months earlier, and the hybrid mortgage housing agencies, Fannie Mae and Freddie Mac, which together had more than $5 trillion in mortgage-backed securities…
Read more...Tags:confllict of interest , fiduciary , Governance , Henry Paulson , transparency
Why Fee Disclosures Will Be Traumatic for Many 401(k) Plans
April 2012 will be a traumatic time for many 401(k) plans. That’s when 401(k) plans will be forced to disclose the fees they pay to their plan administrators. For many plans, this will not be easy. Like a low tide, it will show which plans are well managed and which have been wasting their money on unnecessary services that increased plan costs and wasted corporate funds.
Read more...Tags:12b-1 fees , confllict of interest , fiduciary , financial reform , fund expenses , transparency
