Breaking News Bar
posted: 8/18/2013 5:00 AM

Lowly investors get nothing from deals

Success - Article sent! close

I note that another large bank, in this case UBS (following Citigroup, J.P. Morgan Chase, Goldman Sachs, etc.) has settled with the Securities and Exchange Commission for $49.8 million. These settlements allow the banks to avoid prosecution for questionable and/or fraudulent activities. In essence, they buy their way out. The government collects the fines (millions of dollars) gets fat and happy, and gets to put out press releases about what a great job it is doing "protecting" its citizens. But what do the pension funds, mutual funds and the lowly individual investor get out of this wonderful deal? What they got before -- empty pockets! Another way to redistribute the wealth I guess.

Greg Larson

Order Reprint Print Article
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

Arlington Heights

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.