MONEY: Alignment of motivations

http://www.ricedelman.com/cs/pressroom/pressroom_detail?pressrelease.id=2431

Are Brokers Being Punished for Not Pushing Enough Product?
For Immediate Release
June 04, 2011

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It’s obvious how Merrill’s move might help shareholders: More revenue produces more profit. But it’s harder to see the value for clients. The only way brokers generate commissions is by selling investment products. That means the brokers must constantly pitch new products to their clients. Is that compatible with the clients’ financial goals?

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Interesting? How do you see if your interests are aligned with those running your accounts?

Good luck.

Even if you’re just using your 401k to save for your retirement.

The company that “generously” provides your 401k is getting kick backs from the the fund company. The fund company is sticking you with fees and commissions that are probably illegal. And that’s just what we can “see”.

ENRON was a disaster for employees because they required you to contribute to your 401k and it had to go into their stock.

And, everyone was encourage to roll over their old 401ks into it. That’s how that pac tel guy managed to lose everything including his 1m$ 401k from his life’s employment with Pacific Telephone. Argh!

I admit I’m a bullion kinda guy. Silver, Gold, Nickels, Pennies, Platinum, Palladium … anything that you can hold in your hands. Even a can of beans!

You have to think that perhaps, just maybe, the 401k that your being offered maybe a “poison pill”. Especially if the Gooferment is gazing wistfully at the umpty ump trillions in “retirement savings”. Your “retirement” savings.

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RANT: OBL was a convenient villan?

http://www.telegraph.co.uk/news/worldnews/asia/pakistan/8527515/The-bin-Laden-hunter-ex-CIA-man-had-bin-Laden-in-his-sights-10-times.html

Pakistan
The bin Laden hunter: ex-CIA man had bin Laden in his sights 10 times
Terrorist hunter Michael Scheuer tells Duncan Gardham and Iain Hollingshead how he was repeatedly ordered not to stop the al-Qaeda chief.
9:00AM BST 21 May 2011

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There are not many sane people who can say with confidence that, had a president of America only listened to them, they could have saved $1.3 trillion and many hundreds of thousands of lives. Michael Scheuer can.

During his 22 years in the CIA – three and a half as head of a 18-man Osama bin Laden unit – he told his bosses at Langley on 10 occasions that he had a clear opportunity to kill or capture the terrorist chief. On all 10 he was told to hold his fire.

To look at Scheuer, 59, bespectacled, bearded and apparently every inch the academic and author he has become, you would not guess at his espionage past. The unit he led between 1995 and 1999 was codenamed Alec station, after his son, but it was nicknamed the “Manson family”, after the criminal Charles Manson, for the zeal with which it approached its task.

*** and ***

Three months later British and American special forces were at Tora Bora, bin Laden’s heavily defended cave complex in Afghanistan, when they heard his voice over a captured radio.

It was the last time they had a fix on him for nine years. The Afghans let bin Laden walk out of Tora Bora and head for Pakistan during a ceasefire.

Scheuer continued to act as an adviser to the bin Laden unit until 2004 when he resigned in disgust at the way in which the public was being lied to over the opportunities to capture the terrorist leader.

His books have pointed out the many failings of American policy in the Middle East, not least their inability to address the other causes of western unpopularity in the region while portraying a myopic image of bin Laden as a lunatic.

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There’s no doubt the Gooferment, politicians, and bureaucrats manipulate “We, The Sheeple”.

Argh!

What a deadly joke.

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