The Harsh Lessons of Detroit

The Harsh Lessons of Detroit
In an oft-repeated pattern, Wall Street cranked up sales of closed-ends to feed the appetite for a specific type of investment, in this case for income — which is CEFs’ forte because most use leverage and can take advantage of the near-zero interest …
Read more on Barron’s

Prosecution of SAC Capital Advisors would send signal to Wall Street

NEW YORK — A prosecution of SAC Capital Advisors would not only imperil the major hedge fund, but it would also signal a tougher government stance toward Wall Street. According to news reports, federal prosecutors in Manhattan are close to filing …
Read more on Los Angeles Times

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