Reading Time: < 1 minute (Update 04-30-2020) The below CBS 60 minutes link are no longer valid. But I found a CNBC video from Harry on GE (another ponzi scheme, I agree). (Original 03-12-2009, note the market low on 03-05-2009) Harry Markopolos blew the whistle on Madoff long time ago. But sadly SEC did not listen. Here is the CBS
Reading Time: < 1 minute Cramer Stewart saga goes on. Madoff will go to jail, for life. He deserves it. Just thinking how many people (esp. the older people) lives turned upside down because of his ponzi scheme. How many clothes-less emperors still out there? Lesson for ordinary investors Refer to John Bogle, 6 lessons for investors. Get self educated:
Reading Time: < 1 minute A bunch of politicians (accounting newbies) questioning accountants C-span video here. All right, more finger pointing. Now people (oh, I mean Wall Street and their friends at Washington) are blaming mark to market (wiki), for the financial crisis. This is almost same as blaming starbucks for one’s coffee addiction problem. Coffee, if consumed modestly, is
Reading Time: < 1 minute Alan Greenspan, the former Fed chairman wrote an article The Fed Didn’t Cause the Housing Bubble on WSJ to defend himself. He was saying his low fed rate from 2003 to 2005 is NOT the cause for the housing bubble, and current financial crisis. Interesting stuff. I remember Oct. Anderson Cooper (CNN) did a series
Reading Time: < 1 minute (Update 06-13-2020) The links below no longer work. This is one nature of the internet: nothing lasts forever. Here is a new article Tang Wei Zhen. (Original) Tang Wei Zhen 唐炜臻 (company) claimed to be Chinese Buffett (as shown in the following 11’24” video, link here). But apparently he is Chinese mini-Madoff. Chinese story here
Reading Time: < 1 minute This is the T. Rowe Price TV commercial I saw today.
Reading Time: < 1 minute (Update 2: March 11) Cramer shot back, Stewart responds. The Daily Show With Jon StewartM – Th 11p / 10c In Cramer We Trust Daily Show Full EpisodesImportant Things With Demetri Martin Political HumorEconomic Crisis (Update) Correct the name (from Steward to Stewart).
Reading Time: 2 minutes We know CEOs of some of the nation’s largest banks are buying their companies’ stocks, to show their confidence on their respective company. It’s also interesting to see some of the leading banks are putting up a lot Ads on Wall Street Journal. I took some pictures here from WSJ in these days and share
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