Thursday, June 21, 2012

Smidiríní

Pension Time Bomb  {New York Post} "Nationwide, the actual size of unfunded public pension liabilities is four times larger than the $900-plus billion that officials are ’fessing up to. That’s right, the bank sees a$3.9 trillionhole; to plugthat,states and cities will need large tax hikes, massive budget cuts or both. Plus, public-sector unions will have to accept smaller retirement packages, and later retirement ages, to keep the pension systems going."



The Marketing of Wall Street {The Reformed Broker-go to the site and read the whole exempt from the book-Wall Street Unzipped} "I was on the phone with a prospective client yesterday who had called us after visiting with their local Fidelity branch.  They walked in for a consultation and the "advisor" there shoved a variable annuity brochure into their laps within 30 minutes.  'You go to a firm like Fidelity because you figure, hey, it's Fidelity,' the guy says to me.  'How could anything go wrong, they're everywhere!'  

Finally I'm really looking forward to seeing the movie Brave.  The animation looks stunning!!! {Oh and the Scottish and Irish sides of me like the plot as well!}



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