« Learn How to Defeat Debt Collection cases Involving Junk-Debt-Buyers and Other Robo-Signers | Main | Zip Codes and Internet Searches Populate Database Mines »

Why Bother?

posted by Stephen Lubben

The SEC enters into another rounding error settlement with a financial insitution, this time Wells Fargo. Wells agrees to pay the princely sum of $6.5 million -- vs net income of $15 billion last year -- for providing advisory services to non-profits that apparently consisted of looking at the credit ratings on some MBS and telling the clients to buy those.

Comments

Covers the SEC's costs.

Or put another way, it's like counting coup.
http://en.wikipedia.org/wiki/Counting_coup

While neither admitting or denying ...

Seeing these cases, I'm reminded of a Doonesbury cartoon many years ago where the homeless lady gives simple investing advice: "Index funds".

Given the repeated finding that nobody can beat the market, institutional investors might be well advised to consider saving the high fees and likely see higher long term returns.

The comments to this entry are closed.

Contributors

Current Guests

Follow Us On Twitter

Like Us on Facebook

  • Like Us on Facebook

    By "Liking" us on Facebook, you will receive excerpts of our posts in your Facebook news feed. (If you change your mind, you can undo it later.) Note that this is different than "Liking" our Facebook page, although a "Like" in either place will get you Credit Slips post on your Facebook news feed.

News Feed

Categories

Bankr-L

  • As a public service, the University of Illinois College of Law operates Bankr-L, an e-mail list on which bankruptcy professionals can exchange information. Bankr-L is administered by one of the Credit Slips bloggers, Professor Robert M. Lawless of the University of Illinois. Although Bankr-L is a free service, membership is limited only to persons with a professional connection to the bankruptcy field (e.g., lawyer, accountant, academic, judge). To request a subscription on Bankr-L, click here to visit the page for the list and then click on the link for "Subscribe." After completing the information there, please also send an e-mail to Professor Lawless (rlawless@illinois.edu) with a short description of your professional connection to bankruptcy. A link to a URL with a professional bio or other identifying information would be great.

OTHER STUFF

Powered by TypePad