Almost a year has passed with respect to the mortgage and banking related crisis in the United States and very few stories have been done on the safety and soundness of credit unions. Given the aggressive move into real estate loans by many credit unions, many are asking one simple question. How safe are my … Continue reading Credit Unions – Strengths and Weaknesses
Category: News Analysis
See two related videos by searching for parishinvestments at youtube.com. The first video is titled "Clinton Tax Scheme" and the second is titled "Missing Clinton Financial Disclosure." The purpose of this comment is not to disparage the Clinton's but rather draw attention to the most astonishing tax loophole in 25 years. Last week the Clinton's … Continue reading Clinton Tax Return – The Real Story
As the Presidential race narrows, it is worth examining the key economic advisers to each candidate. While John McCain and Hillary Clinton have both enlisted advisors who are largely the source of current market turmoil, Barack Obama is instead supported by a beacon of financial integrity, former Federal Reserve Chairman Paul Volcker. McCain's choice of … Continue reading Economic Advisor Analysis: McCain Clinton and Obama
NOTE: See chart of Buffett Oregon Lineup at end of this post. Oregonians have a great choice for Secretary of State this year. Her name is State Senator Vicki Walker and she is a proven courageous leader and advocate for both ordinary Oregonians and businesses alike. Although a Democrat, Walker is also popular with many … Continue reading Vicki Walker Battles Warren Buffett Political Machine in Oregon
Today Eliot Spitzer announced his resignation as Governor and perhaps the two most ironic twists are his ill fated pilgrimage to the "Mayflower Hotel" and the name he used to check in, George Fox. George Fox, a hedge fund manager, is his close friend. Clearly Fox and the moral ethical desert embodied by hedge funds … Continue reading Hedge Funds, Buffett, Gates and Murdoch Take Down Eliot Spitzer
As the credit market continues to flush out Wall Street driven excesses, perhaps it is also a good time for the Federal Reserve to address a looming crisis of confidence with respect to money market accounts, beginning with Charles Schwab's "government security money market." Most investors in the Schwab Government Money Market actually believe they … Continue reading Citigroup Impact: Money Market Accounts, Federal Reserve, Greenspan, Bernanke
Please read the previous blog post on January 31, 2008 for important background details regarding this controversial investment in Lone Star. Also view the brief youtube video with ACTUAL SHORT VIDEO CLIPS from the meeting in which Oregon PERS voted unamimously to give Lone Star $600 million to cash in on foreclosures. After attending the … Continue reading Oregon PERS To Cash in on Foreclosures – Part II
During the last 18 months I have made two trips to Russia, the first in August of 2006 and the second in June of 2007, spending a total of 6 weeks there. Now fluent in Russian, it was simply astonishing to note the level of progress Russia made during this brief period. Simple things ranging … Continue reading Putin Likely to Become Gazprom Chairman and Make Russian Ruble Key Global Reserve Currency: Medvedev, Ruble
Today Bloomberg followed up on what could be the first in a wave of public and private "bank runs" here in the U.S. Remarkably, investors today still don't appreciate the difference between high quality money market accounts and those with derivatives. Even more remarkable are the number of such derivative invested funds in 401k and … Continue reading Citigroup SIV Fund and Florida Bank Run: Will this wake Up SEC, Fed Chairman Bernanke, Treasury Secretary Paulson and Congress? Parish & Company recommends solution
The following article in the WSJ makes no mention of Institutional Shareholder Services nor its parent, Riskmetrics, pending IPO. "Cox, in denying access, puts his SEC legacy on the line," Wall Street Journal, by Karen Scannell, November 29, 2007 This whole debate over prohibiting shareholders to separately forward director nominees is simply a ruse for … Continue reading SEC Chair Cox Makes Right Decision on Shareholder Nominated Directors