#Fiduciary

Here’s a live transmission from the Texas courtroom where JP Morgan Chase & Co’s lawyers are asking a judge to throw out one of the largest punitive judgments in legal history... http://www.youtube.com/watch?v=M5QGkOGZubQ ...Instead, the bank's lawyers say the $8 billion judgment should be

A few days ago we highlighted the reckless efforts of the San Francisco Board of Supervisors to force their city's pension managers to ignore their fiduciary duties and dump nearly $500 million worth of energy stocks.  Of course, the pressure to sell had nothing to do with financial projections,

We've frequently argued that public pension underfundings are perhaps the greatest threat to the long-term economic outlook of the United States, if not the globe.  With aggregate underfunding levels of $5-$8 trillion, depending on what discount rate your local politicians decide to pull out of

Had to share these precious pearls of wisdom from a good friend and Phyllies fan named Bob, who has covered the world of banking regulation in Washington for decades.  Unvarnished, pure Bob. -- Chris The financial industry's agenda is almost totally fake, including Volcker, Fiduciary, and

The life of embattaled Uber ex-CEO Travis Kalanick just went from bad to worse, when on Thursday afternoon venture capital firm Benchmark Capital, one of the early investors in Uber - perhaps sensing that instead of an IPO, Uber's next valuation will be a 40% down round - just sued Kalanick for