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May 2012
Faith and Fiat Money
Posted on May 22nd, 2012 by Diann Secor
By Bert Whitehead M.B.A, J.D. © 2012
"Fiat Money" is commonly defined as money that has no intrinsic value and cannot be redeemed for specie or any commodity, but is made legal tender through government decree.
I have heard "Faith" defined as the belief in the experience of others.
Goldman Sachs Fiasco: What it Means to You
Posted on May 22nd, 2012 by Diann Secor
By Bert Whitehead M.B.A, J.D. © 2012
It is about time we called it like it is....The ethical standards of financiers across the board are notorious for being somewhere between lax and non-existent. This is so ingrained that most firms dealing don't even think that their behavior is errant.
Financial Advisors' Hidden Conflicts of Interest
Posted on May 22nd, 2012 by Diann Secor
By Bert Whitehead M.B.A, J.D. © 2012
Fee-only financial advisers have long held themselves out as being more ethical than commissioned stockbrokers. Fee-only advisers claim to adhere to a fiduciary standard which requires them to act in the best interest of their clients, meaning they must set aside their personal interest and fully disclose all of their fees and any conflicts of interest.
