Comments on: Wall Street Greed and Delusion http://www.keyfeeonly.com/wall-street-greed-and-delusion/ Opines on Investing, Financial Planning, Government Policy and the Media. Thu, 12 May 2011 04:35:51 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Roger http://www.keyfeeonly.com/wall-street-greed-and-delusion/comment-page-1/#comment-1473 Roger Tue, 23 Mar 2010 16:39:52 +0000 http://www.keyfeeonly.com/?p=3505#comment-1473 John, Here are the people who did not understand the risks involved: the “quants” who created the complex bond securities, bond salesmen, their managers, the CEOs of the Wall Street firms, the members of the Board of Directors of the Wall Street firms, the pension fund and mutual fund managers who bought the complex (and risky) bond securities, the credit rating agencies who supposedly studied them, the overwhelming majority of hedge fund managers, the entire SEC, the Chairman of Federal Reserve Board, Congress, and of course the members of the Presidential staff. Registered Investment Advisors work with <strong>individuals</strong> and deal with such things as employee benefits, stock options, insurance, estate planning, retirement planning, taxes, and general investment strategy. You expect them to have figured out just how poorly major Wall Street firms were run, when the information was well hidden from almost everyone else? My question is why Warren Buffet did not question Moody’s credit rating operations, as his company was a major stockholder of Moody’s. Roger John,

Here are the people who did not understand the risks involved: the “quants” who created the complex bond securities, bond salesmen, their managers, the CEOs of the Wall Street firms, the members of the Board of Directors of the Wall Street firms, the pension fund and mutual fund managers who bought the complex (and risky) bond securities, the credit rating agencies who supposedly studied them, the overwhelming majority of hedge fund managers, the entire SEC, the Chairman of Federal Reserve Board, Congress, and of course the members of the Presidential staff.

Registered Investment Advisors work with individuals and deal with such things as employee benefits, stock options, insurance, estate planning, retirement planning, taxes, and general investment strategy. You expect them to have figured out just how poorly major Wall Street firms were run, when the information was well hidden from almost everyone else?

My question is why Warren Buffet did not question Moody’s credit rating operations, as his company was a major stockholder of Moody’s.

Roger

]]> By: Diane Blackwelder http://www.keyfeeonly.com/wall-street-greed-and-delusion/comment-page-1/#comment-1472 Diane Blackwelder Tue, 23 Mar 2010 15:46:37 +0000 http://www.keyfeeonly.com/?p=3505#comment-1472 Roger - I enjoy your blog posts. I will definitely put this book on my reading list. Roger -
I enjoy your blog posts. I will definitely put this book on my reading list.

]]> By: John D. http://www.keyfeeonly.com/wall-street-greed-and-delusion/comment-page-1/#comment-1471 John D. Tue, 23 Mar 2010 15:36:31 +0000 http://www.keyfeeonly.com/?p=3505#comment-1471 Obviously the average investor had no understanding of the complex investments created by Wall Street and their potential lethal effect on the economy. But why didn't those not part of the Wall Street gang...the well educated and independant financial planners...sound the warning bell to their clients and others? Surely they understood the perilous nature of what was happening. Obviously the average investor had no understanding of the complex investments created by Wall Street and their potential lethal effect on the economy. But why didn’t those not part of the Wall Street gang…the well educated and independant financial planners…sound the warning bell to their clients and others? Surely they understood the perilous nature of what was happening.

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