SKARBECK: Lenders still not serious about serious reform
The early signs point to meek efforts by the Obama administration to address gaping regulatory issues.
Investment Losses
Articles
HAUKE: Sinking of dark pools may have consequences
If I were working with the SEC, I would exercise some caution before issuing new regulations about these dark pools.
SKARBECK: Market a bright spot amid worrisome economy
The financial media have the corks ready to pop as the Dow Jones industrial average re-crosses what pundits claim is the â??psychologically importantâ?? 10,000 level.
Schrenker plans book about plane crash
An indicted Indiana money manager plans a book about an attempt to flee mounting personal problems that ended with him parachuting
from a plane that later crashed into a Florida swamp.
HAUKE: October likely to avoid much-predicted scariness
The two largest stock market crashes occurred in October.
Trial delayed for money manager Schrenker
An Indiana judge has delayed until March the trial on securities fraud charges of a former money manager who tried to fake
his own death by jumping from a small plane before it crashed in Florida.
State charges Stifel Nicolaus didn’t disclose risks of auction-rate securities
An administrative complaint filed today by the Indiana Secretary of State’s Office alleges Stifel Nicolaus failed to disclose
risks associated with the sale of auction-rate securities to 141 Hoosiers who invested $54.9 million.
HAUKE: Gold-crazed investors keep pushing price up
Gold has been part of our story since the beginning of time. For at least 5,000 years, humans have been able
to find it, mine it, process it and shape it into all kinds of things.
SKARBECK: Hedge fund superstars take it on the chin
Lauded as “masters of the universe,” the star investment managers overseeing the largest hedge funds built
huge expectations they couldn’t fulfill.
Schrenker held on $4 million bond after not-guilty plea
Jailed former money manager Marcus Schrenker has been appointed a public defender after telling an Indiana magistrate he has
no home and that the government has frozen all his assets.
Schrenker in Indiana to face fraud charges
An money manager who tried to fake his own death in a Florida plane crash will make a video appearance in court to face Indiana
felony charges stemming from his financial dealings.
HAUKE: Storybook market may last a bit longer
People keep asking me
to explain the stock market advance over the past five months. There are usually comments at the end of the question, like,
“The economy sucks. How can the market go up when there is nothing going on out there?”
HAUKE: Investing lessons a turtle would love
I have learned a lot about sea turtles since last
night, and I believe a few of these things belong in any long-term discussion about investing.
SKARBECK: More reforms sought for target-date funds
Target-date mutual funds, a popular investment vehicle in 401(k) plans and college savings plans, have recently come under
scrutiny by Congress and regulators. Investors are in an uproar over the recent poor performance of funds nearing their target
date.
Led by educators instead of investment specialists, state teachers fund fell into $67M hole
The people overseeing the Indiana State Teachers Association Insurance Trust had no background in investments or insurance, likely leaving them ill-equipped to grasp the ever-larger amounts of complicated investments the trust was buying.
Lilly Endowment has made few changes despite massive fall in value
Lilly Endowment lost 26 percent of its value in 2008, falling from $7.7 billion to $5.7 billion. What’s different about the
Indianapolis-based endowment is that its most recent loss caps a downward slide that’s lasted eight years.
Top investment minds weigh in on erratic market
In recent weeks, two of the planet’s most respected investment minds have weighed in with their thoughts on the state of the world’s financial affairs—Bill Gross at PIMCO in southern California and Jeremy Grantham of GMO LLC in Boston. It is always worthwhile to examine their thoughts and the logic behind them. As investor hopes […]
‘Epic’ investment losses hit hospitals
Financial reports trickling in from Indianapolis’ major hospitals show why the city’s health care building boom ground to
a near halt this year. It ran into a wall of investment losses.
Complex bond schemes haunt Indy, other cities
The city is just beginning to digest the news that came out of left field regarding Indianapolis Water Co.’s bond transaction gone wild.
Erosion of capitalism undermines market
A healthy economy can only be sustained under a true free-market capitalist society of producers and savers.