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Keyword: complexinvestment

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  • WALL ST. SHIFTS BLAME FOR CRISIS TO STUPID INVESTORS (warning label on complex investment?)

    08/24/2008 1:47:59 AM PDT · by TigerLikesRooster · 60 replies · 158+ views
    NY Post ^ | 08/21/08 | JOHN CRUDELE
    WALL ST. SHIFTS BLAME FOR CRISIS TO STUPID INVESTORS By JOHN CRUDELE August 21, 2008 -- YOUR investments could look like a pack of cigarettes if the government takes the advice of a blue-ribbon panel of experts. In a report sent recently to Treasury Secretary Hank Paulson, a panel headed by Goldman Sachs Co-Chairman Gerry Corrigan suggested that complicated investments "must have a financial health warning displayed prominently in bold print." Ironically, the recommendation is the product of top executives from Lehman Brothers, JPMorgan Chase, BNP Paribas, Bank of America, Merrill Lynch and several others - all of which either...