Those valuations are dizzyingly high. They'd be justified only if the company's top line was growing exceptionally fast, if its bottom line were growing equally fast, and if the risks to the company's business model were modest and controllable. Not one of those things is true.
At Tokyo's airport I kissed Michael 'goodbye' and gave him my address in New York, but after a few letters, I never heard from him again. 'Tokyo Michael' was how I remembered him and don't regret one moment we spent together.
When it comes to fraud, if you don't look for it, you don't find it, because when it comes to fraud, there is always a cover-up.
The SEC faced the choice: litigate with Citigroup, the big, powerful, well-connected Wall Street bank, or litigate with a single Federal District Judge who can't actually defend himself.
The skill of active managers is not in "beating the markets." It's convincing you they are likely to do so in the future, and coming up with lame explanations for why they have not done so in the past.
Regardless of what tax bracket we are in, I think we can all agree that it is morally reprehensible that the current financial system is structured to allow easy purchase of, and control over, our elected officials.
The most striking lessons from the financial crisis and its aftermath already appear either to have been forgotten or to have never been learned. The American financial system can still be brought to its knees by the poor decisions of a small group of executives.
Take from your money from places like Bank of America and move them banks and credit unions in your community. To my knowledge, none of them have paid a $8.5 billion settlement.
In most marriages, there's one partner who pays the bills and invests and another who doesn't. So, what do you do when our money becomes your money a...
At PBS's recent annual gathering it was announced that the number and frequency of promotions for corporate sponsors would increase during a few noted programs as an experiment.
When it comes to bonds, the client is conveniently never shown how to settle based on prices. Instead they are taught a nonsensical and more complicated method called yield settlement.
I never actually met anyone in person from Bank of America. I was not too big to fail; I was too small to notice.
Once the stock market starts sizzling again and Boomers may be deluded into thinking they can retire, there's not much that will stop a broker or insurance salesperson from turning their inadequate 401(k) balance into an annuity.
Born profoundly deaf, and a risk-taker, Stephen J. Hopson has managed to accomplish a lot in his life so far, including publishing a new book, Obstacle Illusions: Transforming Adversity Into Success. How did he do it?
"When Lehman Brothers, Merrill Lynch, and AIG collapsed together in a 48 hour period and we were all wondering if next week we'd be able to get money ...
Bethany McLean, co-author of All the Devils Are Here: The Hidden History of the Financial Crisis, stopped by to discuss the book and who are the biggest a**holes on Wall Street.