Category: 2008 Financial Crisis

Three Billboards, The Fed, Fiduciary Duty and Trustees

adm2008 Financial Crisis, American Retirees, Conflict of Interest Rule IRA Rollovers, Financial Crisis Inquiry Commission, FINRA, Prudent Investment Advice, SEC, Shadow Banking System, Trust Asset Protection

It’s Oscar night and Three Billboards Outside Ebbing, Missouri is one of the favorites of nine films nominated for Best Picture.  Three Billboards grossed about $123 Million, not too many folks including perhaps some Academy members have even seen the Read More …

10 Year Anniversary of AIG’s Red Flag in 2003

adm2008 Financial Crisis, AIG, Excess SIPC, Financial Crisis Inquiry Commission, GAO, Independent Accountants, NASD, NYSE, Sarbanes Oxley, SEC, Senate Permanent Subcommittee on Investigation, Shadow Banking System, SIPC Insurance Coverage, Surety Insurance, Uncategorized

Exactly 10 years ago AIG raised a red flag ahead of the 2008 financial crisis; few paid attention.  On August 9, 2003, ten years ago to the day, The New York Times headline read forebodingly “To insurers, a long free Read More …