Archive for June, 2008
Bear Sterns Fund Managers Indicted
Thursday, June 19th, 2008As reported by just about every media outlet under the sun, two high profile executives from now disgraces brokerage house Bear Sterns, Ralph Cioffi and Matthew Tannin, have been indicted on federal securities fraud charges. The two of them were running two hedge funds for Bear Sterns which completely collapsed. What exactly did they do [...]
Inflation Looms!
Wednesday, June 11th, 2008Inflation is always a concern. Nobody likes to have their money devalued. Yet with each passing interest rate cut by the Fed, the inflation rate will increase. Now that the federal funds rate and discount rate are at lows not seen since Greenspan’s attempt in the early 2000s to fix the post-technology bubble, people have [...]