Being a staunch free-market guy, I’m having considerable trouble defending the Bear Stearns bailout by the Federal Reserve (all right, technically it’s a “guarantee”). I really want to slam-dunk the sanctimonious e-mails I’m getting from my more regulatory-minded friends, but I’ve got nothing (notice the subtle cry for help). I understand the higher purpose of the deal, to protect against a larger market meltdown. But the discount window is now open and as the Wall Street Journal reports, “credit markets have calmed considerably.” I can’t, in good conscience, argue against a Congressional stimulus package to help homeowners and then argue for a bailout of Wall Street firms. I realize it’s a bit of an apples-oranges comparison, but each took a risk and lost. Other investors bet the opposite and won. As I’ve said many times before, when government seeks to redefine the reward, we all lose in the end.
Feeling adventurous but need to save money? Here are 15 cheap places based on four key metrics.
Also, AssetMark adds Savos Personal Portfolios to its offerings.
Advisors who provide rollover advice must exercise caution to ensure compliance with both regimes.
Sponsored by FMG Suite
Finding the right marketing solution for your advisors.
Sponsored by Smarsh
Review these scenarios to make sure you avoid FINRA & SEC penalties.
Sponsored by Smarsh
It’s easy for modern communication methods to expose your firm to risk. Find out how to ensure you remain compliant!
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.