A Disturbing Fidelity Ad

Like I do every Sunday, I was reading the NY Times business section. As I scanned the paper looking to see which articles I wanted to read, an ad caught my attention. There, staring at me, were the words “Guaranteed Income”. It caught my attention because when I saw the word “guaranteed” I fully expected…

Hire Harry

Can I be the first to say that “Harry is the Man !” Putting the obvious reasons aside, I also want to be the first to suggest that we ask, and beg Harry to accept a newly created Presidential Financial Oversight Advisor position. Is there a better person to make sure that the oversight committees…

Breaking Down Bernie Madoff

Im taking a flyer here, but if they were to put me on the case, the first people I would talk to are the software developers. Somewhere along the line there was a software program written or modified that allowed Madoff to enter the numbers he made up, who they were paying out cash to…

The SEC, Madoff and XBRL

You probably have never heard of XBRL. If you havent, and you are the least bit interested in how regulatory agencies can avoid future Madoff like events, and in government transparency for our bailout tax dollars, you should take a minute to get up to speed on what XBRL can do. XBRL is a version…

The SEC

First let me say that this has nothing to do with me, but given my interest in all things financial and the government during this financial crisis, I read with interest the Office of Inspector General’s Report to Congress regarding the SEC. The SEC deserves credit for casting such a critical eye at itself. It…