Skip to comments.What Mutual-Fund Scandal?
Posted on 01/08/2004 5:28:14 AM PST by presidio9Edited on 04/22/2004 11:50:46 PM PDT by Jim Robinson. [history]
For months now, Eliot Spitzer has terrified the investing public with lurid charges of mutual-fund high jinks. Vast sums of money are alleged to have been lost by long-term investors because some funds allowed a favored few to engage in late trading (using new information to trade in funds at the "stale" price after the legal 4 p.m. closing time) or market timing (basically arbitraging stale-priced funds within fund families). But there is much more innocent behavior and more public welfare in this mutual-fund story than has appeared in the press, and vastly less damage than Mr. Spitzer would have us believe.
(Excerpt) Read more at online.wsj.com ...
Conservatives taking care of others is not the same as the Hindu concept of let others alone because they deserve what they get.
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I agree with your comments. I wonder how drivel like the above quote from the article (which is just one example of the drivel in the article) make it past editors at the WSJ? Are they asleep?
having worked in/with some 501 3 c charities I can say that too many people like fastows (enron) wife think that a charity is about the annual ball and do everything they can to undermind work in favor of the benefits to the profile of the work. just another form of greed.