Thursday, November 25, 2010

Wall Street Cover-Ups, Deceptions and Lies

How true is it?

Let’s say you put a big chunk of your nest egg in a life insurance policy with an A+ company.

You invest another sizable amount in a portfolio of high-rated corporate bonds and tax-free municipal bonds.

Then, feeling safe and secure with most of your funds, you take a flyer on a few stocks that a dozen separate research analysts have unanimously rated as a “buy” or at least a “hold.”

You assume you’ve made informed decisions based on the best research the world has to offer.

The reality: Even in the absence of bubbles, busts, recessions or dollar collapses, you could suffer wipeout losses.

Wall Street Cover-Ups, Deceptions and Lies [via]

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