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
27 Jan 2017

JPMorgan Chase Faces Fee and Conflicts-of-Interest Charges in Lawsuit

It seems the more it changes, the more it’s the same. Conflicts-of-interest and charging excessive fees seem to be part of the DNA of major banks (such as  Deutschbank and its $10 billion money laundering scheme out of Russia and Wells Fargo), insurance companies and investment firms when it comes to selling

Chuck Epstein 0
23 Jan 2017

Trump Moves to Repeal the Pro-Investor Fiduciary Standard

Despite its claims to be for “all Americans,” the Trump Administration is moving fast to repeal the historic pro-investor fiduciary ruling that let’s 401(k) investors know the fees, expenses and conflicts-of-interest their financial advisor and 401(k) providers are receiving when selling them mutual funds and annuities for their retirement accounts.

Chuck Epstein 0
15 Jan 2017

Bad News For the Retirement Industry: 401(k)s and IRA’s Fail Compared to Pension Plans and Milton Friedman Was Wrong 

Two of the cherished gems of the investment and retirement industries are being criticized as failing and this means more bad news for Americans planning for retirement. The first gem to be tarnished was shown in an eye-opening research report from the Economic Policy Institute about the failure of 401(k)s and

Chuck Epstein 0
14 Dec 2016

Wells Fargo Fraud Continues As It Sells Insurance Policies to Unsuspecting Customers

I think this is only the second time I have posted something directly from another site that was not original, but it is an important story on how far Wells Fargo has gone to deceive its own customers, many of whom don’t speak English, in order to sell life insurance

Chuck Epstein 0