"Any industry would be proud of an average annual growth rate of 34% over ten years and of a global reach from Austria to Taiwan. But the headlong expansion of exchange-traded funds (ETFs), which by May this year controlled almost $1.5 trillion of assets (not far short of the $2 trillion in hedge funds), has become a matter for concern among financial regulators. Could ETFs be the next source of financial scandal, or even of systemic risk?
" Characterizing the Financial sector "like a hyperactive child" that "can never leave a good thing be", The Economist
appears to be wishing
for the ETFs
to be better regulated
because "it would be a shame if reckless expansion spoiled a good innovation".
posted by vidur
on Jun 26, 2011 -
McHenry and his "roommates"
-- GOP Rep Patrick McHenry (NC), co-owner of a DC home with Scott G. Stewart, former chair of the College Republican Nat'l Cttee (and bilker of many senior citizens), received a DC home-ownership reduction improperly. McHenry's actual home in North Carolina was apparently also home to quite a collection of young men: (convicted fraudulent voter) Michael Aaron Lay
, Neil Everett Capano, Matthew Allen Hamilton, and (multiple violations, including "death by vehicle") Jason Jent Deans
. Also, McHenry's 04 consultant Ralph Gonzales was one of the men involved in a recent FL murder/suicide, and links to Robert Drake, the killer
(political work in NC and escort service connections), are still being documented. Stay tuned! [more inside]
posted by amberglow
on Sep 28, 2007 -
I am a Swiss Banker currently in possession of over $ 1 Billion in funds stashed away by the late dictator Mobutu Sese Seko of the Congo. Our Swiss Confederation President Micheline Calmy-Rey said her government is holding just $6.6m frozen in accounts.
"We discussed the question of Mobutu's funds and my government is prepared to restore the money to the DR Congo as soon as possible," Ms Rey told reporters
in the DR Congo capital, Kinshasa, after talks with Mr Kabila.
But we can help you get the rest of the 92.4 million dollars if you will just send us your bank account number and call to confirm your ID and pin number.
posted by infini
on Jul 17, 2007 -
"I thought, 'Why don't we just raid the place?' "
--the newest and only currently viable way to check up on how the billions and billions we're spending on reconstruction in Iraq is being spent--fake raids by the US military, making it seem like the recipients aren't receiving aid from us, and in fact are being targeted by us.
posted by amberglow
on Mar 23, 2007 -