Rebelcounty man of the month Eliot Splizer
A rebel with a cause from new York chasing the mutual funds scandal by tom Corcoran
There is serious corruption in mutual funds for the past ten years. These occurances resulted in two main offence which concisted of the following
1.Stale pricingThis occurs due to funds being price once a day and sold at that fixed price evewn though some funds are being actively trade in asia or europe, thereby giving massive profit potential to trading prices.
2. Late Trading
Fund managers operate on commisions and gains for investment houses. These fund managers enable large hege funds and investment institutions to trade on their behalf after the market closes.
3. Big dealer trade access
Big institutes accessing accounts ahead of the market gives them an unfair advantage ahead of the smaller investors. Which results in a drain of profit or potential gains for the long term investor as it is draining the long term gain as a result of speculative investments based on privy information time curve.
The problem created by this activities created a shortfall of billions in mutual funds which are the retirement funds for the vast majority of americans. There trust in mutual funds for they're good have been abused for monetary gain.
My chief concern is that not only in america have these funds been abused but through out the world, after all governments investing in mutual funds are invariably transacted through new york, and this could have a major performance impact on global retirement plans unless these activities are restricted and regulated, Hence the light at the end of the
tunnel is roy splizer, as the new york attorney is determined to get all the money back, which could be billions.
Eliot Spitzer became the state’s 63rd Attorney General on January 1, 1999. Since that time, he has advanced initiatives to make New York a national leader in investor protection, environmental stewardship, labor rights, personal privacy, public safety and criminal law enforcement.
Spitzer’s investigations of conflicts of interest on Wall Street have been the catalyst for dramatic reform in the nation’s financial services industry.
His lawsuits against Midwest and Mid-Atlantic power plants will help reduce air pollution responsible for acid rain and smog in the Northeast.
His efforts to curtail abuses in the green grocery industry have been hailed as landmark labor rights cases.
His investigations of internet companies and direct marketers have resulted in new privacy protections for consumers throughout the nation.
His "code of conduct" was the foundation for a settlement that reformed the way the nation’s largest gun manufacturer designs and distributes handguns.
His prosecutions of sophisticated white collar crimes have resulted in some of the nation’s largest fraud recoveries.
Through these and other initiatives, Spitzer is building the reputation of the Attorney General as "the People’s Lawyer."
Spitzer brings considerable experience to the office. He was a clerk to United State District Court Judge Robert W. Sweet and, later, an associate at Paul Weiss, Rifkind, Wharton, and Garrison.
He served as an Assistant District Attorney in Manhattan from 1986-1992, rising to become Chief of the Labor Racketeering Unit, where he successfully prosecuted organized crime and political corruption cases. He also worked at the New York law firm of Skadden, Arps, Slate, Meagher and Flom, and was a partner at Constantine & Partners.
Spitzer has contributed great time and energy to community service, serving on the boards of various not-for-profit organizations.
Spitzer is a 1981 graduate of Princeton University and a 1984 graduate of Harvard Law School, where he was an editor of the Harvard Law Review. Spitzer and his wife, Silda, also a Harvard Law School graduate, live in Manhattan with their three daughters, and also maintain a home in Columbia County.
Friday, November 07, 2003
France vs Ireland
Ireland have made two changes from the team that pushed the Wallabies so close in their final pool match, also in Melbourne.
Coach Eddie O'Sullivan has made one apiece in the backs and forwards.
John Kelly comes in on the left wing in place of the injured Denis Hickie, a victim of a torn Achilles.
O'Sullivan has also recalled Victor Costello in place of Anthony Foley at number eight, describing the change as "horses for courses".
Costello missed the Australia game with a thigh strain.
Ronan O'Gara has won the vote at fly-half, with rival David Humphreys on the bench for the second successive game.
The teams have met 77 times with France leading the head-to-head 44 victories to 28.
That tally of wins includes the only previous World Cup match between the sides in 1995, although the French have lost three of their last four meetings.
France: N Brusque; A Rougerie, T Marsh, Y Jauzion, C Dominici; F Michalak, F Galthie (capt); J-J Crenca, R Ibanez, S Marconnet, F Pelous, J Thion, S Betsen, O Magne, I Harinordoquy.
Replacements: Y Bru, O Millou, O Brouzet, P Tabacco, G Merceron, B Liebenberg, P Elhorga.
Ireland: G Dempsey, S Horgan, B O'Driscoll, K Maggs, J Kelly; R O'Gara, P Stringer; R Corrigan, K Wood (capt), J Hayes; M O'Kelly, P O'Connell; S Easterby, K Gleeson, V Costello.
Replacements: S Byrne, M Horan, D O'Callaghan, E Miller, G Easterby, D Humphreys, A Horgan
Ireland have made two changes from the team that pushed the Wallabies so close in their final pool match, also in Melbourne.
Coach Eddie O'Sullivan has made one apiece in the backs and forwards.
John Kelly comes in on the left wing in place of the injured Denis Hickie, a victim of a torn Achilles.
O'Sullivan has also recalled Victor Costello in place of Anthony Foley at number eight, describing the change as "horses for courses".
Costello missed the Australia game with a thigh strain.
Ronan O'Gara has won the vote at fly-half, with rival David Humphreys on the bench for the second successive game.
The teams have met 77 times with France leading the head-to-head 44 victories to 28.
That tally of wins includes the only previous World Cup match between the sides in 1995, although the French have lost three of their last four meetings.
France: N Brusque; A Rougerie, T Marsh, Y Jauzion, C Dominici; F Michalak, F Galthie (capt); J-J Crenca, R Ibanez, S Marconnet, F Pelous, J Thion, S Betsen, O Magne, I Harinordoquy.
Replacements: Y Bru, O Millou, O Brouzet, P Tabacco, G Merceron, B Liebenberg, P Elhorga.
Ireland: G Dempsey, S Horgan, B O'Driscoll, K Maggs, J Kelly; R O'Gara, P Stringer; R Corrigan, K Wood (capt), J Hayes; M O'Kelly, P O'Connell; S Easterby, K Gleeson, V Costello.
Replacements: S Byrne, M Horan, D O'Callaghan, E Miller, G Easterby, D Humphreys, A Horgan
Sunday, November 02, 2003
Australia V's Ireland: 17 16
A lot of tricks in the bag but no magic.
The games main interest was predominately performed within the front five.
Keith wood gave a staunch performance rising to the challenge of the ausies bring the game to an exciting level whereby all spectators both at the stadium or clutching onto they're chilled guinesses, but alas no magic not even in the sponge bag.
But all hope is not lost as we are still in and live to fight another day liberty, fraternity and equality!
A lot of tricks in the bag but no magic.
The games main interest was predominately performed within the front five.
Keith wood gave a staunch performance rising to the challenge of the ausies bring the game to an exciting level whereby all spectators both at the stadium or clutching onto they're chilled guinesses, but alas no magic not even in the sponge bag.
But all hope is not lost as we are still in and live to fight another day liberty, fraternity and equality!
Subscribe to:
Posts (Atom)