21 Aug 2017

Nation’s Largest Banks Sued by Pension Funds for Market Manipulation

It looks like the nation’s biggest banks cannot help preying on their own customers, large and small.  The latest case involves the esoteric world of securities lending, which is used for short selling and for hedge funds and is an important means of eliminating “failed” transactions.  In exchange, the lender

Chuck Epstein 0
18 Aug 2017

Lending Industry Faces Huge LIBOR-Related Costs Due to Bank Fraud

The recent news that the worldwide LIBOR interest rate is going to be replaced after years of scandals about it being rigged by some of the world’s largest banks has started a slow-motion earthquake that is going to rattle interest rate lending worldwide. It also is going to be one

Chuck Epstein 0
28 Jul 2017

New Study Again Cites Importance of Low Fund Fees

It is widely regarded in the modern world that the earth revolves around the sun. Now, it is time for more investors to understand that the fees charged to manage your mutual funds in a 401(k) and elsewhere all reduce your net investment returns. There is a direct connection: the

Chuck Epstein 0
19 Jul 2017

Wall Street’s Continued Self Delusion

For highly-trained and well-compensated financial experts who routinely delve into the outer limits of stochastic calculus, Black Scholes and Finite Difference Method techniques of numerical options pricing, Wall Street does a lousy job of gauging public opinion. Like most people who have to give self-evaluations and the old saw that

Chuck Epstein 0
22 Jun 2017

How Bond Traders Lied in the 2008 Housing Recession

This site has never printed an entire news article from another site, but this is a great story about how bond traders lied during the 2007-2008 housing fraud that led to the financial crash. That housing crash was the result of top-down and bottom-up fraud involving realtors, mortgage companies, hedge

Chuck Epstein 0
06 Apr 2017

What the Ontario Pension System Can Teach Americans

One neighbor to the north has come up with a way to over-fund their state pension system, so why can’t it be repeated here? Bucking the industry trend, the Ontario Teachers’ Pension Plan announced it was 105% funded as of Jan. 1, 2017, its fourth consecutive year of being fully

Chuck Epstein 0
03 Apr 2017

Want to Rig the World’s Biggest Market? No Problem.

Want to rig the world’s largest financial market?  No problem. At least that is what prosecutors in the U.S. and the UK are saying when it comes to their charges that three of the world’s largest global banks rigged parts of the $5.3 trillion a day foreign exchange market. Just

Chuck Epstein 0
06 Mar 2017

Trump Declares War Against Investors

It certainly is no surprise that the Trump Administration has declared war on individual investors and will only make it more difficult for millions of Americans to have a financially secure retirement. For millions, there may be no retirement at all or certainly one which will have a lower quality

Chuck Epstein 0
09 Feb 2017

Judge Rules Conflict-of-Interest Has No Place in Investing, But Investors Must Still Beware

When a federal court judge ruled on Feb. 8, 2017 that the U.S. Department of Labor’s fiduciary rule must still stand despite furious protests from the financial services lobby, it did not mean individual investors would automatically be protected from errant financial rep who continue to sell products that are

Chuck Epstein 0
03 Feb 2017

Caveat Emptor: Trump’s Move to Revoke Dodd-Frank Means More Anti-Investor Initiatives Coming

The Trump administration’s announcement today that it is moving to revoke the individual investor protections is bad news for unsophisticated, individual investors who are having a hard time saving for retirement and making higher return investments. Today’s announcement is the culmination of hundreds of millions of dollars spent on lobbying

Chuck Epstein 0