Tag: 2009
President Obama's best chance for turning around the economy is to make sure that Paul Volcker, Federal Reserve Chairman prior to Greenspan, is in charge of needed economic reforms. Although Tim Geitner showed promise when nominated Treasury Secretary, he looked more like Michael (Katrina) Brown than a competent leader in his first press conference. He … Continue reading Obama’s Neglect of Volcker Emperils Economy – Summers and Geitner Stonewall Reforms
This week TD Ameritrade held its annual institutional advisor conference at Cesar's Palace in Las Vegas. CEO Fred Tomczyk, pictured on left below, summarized TD's strong financial position in addition to his belief that money market accounts should be about safety and stability. For this reason, TD has chosen to minimize both duration and credit … Continue reading Karl Rove and General Wesley Clark Debate at TD Ameritrade Institutional Advisor Conferenc
On January 31st I posted a brief video on youtube summarizing a program in which the Oregon Investment Council is lending its securities portfolios, using State Street as an intermediary, to hedge funds and private equity firms so that they may meet the ownership standards required to conduct short selling-- betting on the declines of … Continue reading Public Pensions Fuel Short Selling by Lending Their Security Portfolios to Hedge Funds