The turmoil affecting some of the largest financial institutions in the US has been well documented by the mass media over the last eighteen months, as have their inefficiencies in advising their customers and managing their customers’ money. These same inefficiencies have been highlighted as the catalyst for the current economic global meltdown, but as … Read more
One of the major factors that revolutionized consumer spending habits was the introducing of credit cards. People no longer had to carry large amounts of cash when they went shopping and did not even have to possess all the money that they spent. This meant that more people could spend more. Along with the practice … Read more
Federal Trade Commission (FTC) Chairman Jon Leibowitz was recently joined by California Attorney General Jerry Brown to announce the initiation of “Operation Loan Lies”, a coordinated national law enforcement effort to crack down on mortgage loan modification scams. The operation has already filed 189 actions by 25 federal and state agencies against fraudulent loan shops that … Read more
The end of the 5%: Hedge funds get institutional inflows straight from equity portfolio, managers say New York, June 29 2009 — Opalesque has published the 2009 Opalesque New York Roundtable. In each Roundtable, Opalesque unites some of the leading hedge fund managers as well as representatives of the local investor base to gain unique … Read more
As time continue to change, so do people’s needs. That is why an 8-hour job is never enough to sustain new lifestyles. Because of this, we almost immediately turn to lending institutions in hopes that they will come to our rescue. And while borrowing can be a great quick-fix, debt is also a huge responsibility … Read more