The news media has certainly had no shortage of remarkable stories lately. From the price of oil to the price of an Illinois Senate seat, we’ve seen some unbelievable events recently. Notably among them is the story of Bernard Madoff, a well known, well connected financial guru who apparently misappropriated billions of investor dollars. Continue Reading…
In Spite of Triple Play, Chicken Little is Still Wrong!
I began writing this column last Monday, a memorable day to say the least. I got to the office early to prepare for a 9:00 a.m. class and to begin work on this article. As I logged on to the Internet, I first saw the news of Lehman filing bankruptcy. Then, powerhouse Merrill Lynch was being sold to Bank of America. Finally, the world’s largest insurance company, AIG, was in desperate need of capital due to mounting losses, not from paying off hurricane claims mind you, but rather from portfolio investments going sour. Continue Reading…