by Phil Cannella The Employee Benefits Research Institute (EBRI) released its yearly Retirement Confidence Survey (RCS) on Tuesday this week, and the results were not exactly looking rosy. The survey found that retirement confidence took a dip this year, after rising slightly in 2012. It seems that retirees now are much less confident that they [...]
Phil Cannella on “Voice of Reason” with Larry Kane Re-Airing on Wednesday
by Phil Cannella I wanted to let all of my listeners, clients and fans know that “Voice of Reason” with Larry Kane will be re-airing this Wednesday, March 20th at 5:30 PM on the Comcast Network. That’s Channels 8 and 845 for Comcast subscribers; if you have a different provider, you should check your local [...]
Phil Cannella to Appear on “Voice of Reason” with Larry Kane
by Phil Cannella I was ecstatic last week when I found out I was invited to appear on “Voice of Reason” with Larry Kane. Truly, I was honored to be invited to speak with such a legendary journalist for a panel discussion about the current state of the economy. I wanted to let all my [...]
Dow Jones Reaches Record High, But Is Your Money Safe?
by Phil Cannella Many news outlets are reporting this morning that the Dow Jones Industrial Average has reached a record high (here’s the New York Times’ take on it). Five years ago, the Dow Jones closed above 14,000, and today it has shattered that record. But does that mean everything’s fine now, and that it’s safe [...]
Will New SEC Chairman Get Tough on Financial Crimes?
by Phil Cannella Not long ago, I wrote about the appointment of Mary Jo White, the new chairman of the SEC. At the time, I felt it would be good for the SEC to have a chairman at all, regardless of who it was, since the agency was left without a permanent leader for about [...]
JPMorgan CEO, “We Actually Benefit from Downturns”
You may remember JPMorgan as being one of the major players in the fiscal crisis of 2008. It was big banks like JPMorgan, Goldman Sachs, Citigroup, and the rest of Wall Street who engineered the subprime mortgage products that wreaked havoc on the housing market, the stock market, and the overall economy. The CEOs of [...]
HSBC Study Shows Millions of Retirees Expect to Outlive Their Nest Eggs
by Phil Cannella I came across an interesting study today which I think is relevant to everyone in or near retirement. The study, called The Future of Retirement: The Power of Planning (click here to read the report), was conducted by HSBC bank, and has been ongoing since 2005. The report compiles statistics about retirees and [...]
A Transcript of Phil Cannella’s Interview with Michael Smallberg of POGO (Part 4)
Today I will be posting the final portion of my interview with Michael Smallberg of the Project on Government Oversight. For those who haven’t been following along, Mr. Smallberg and I discussed the Revolving Door problem at the SEC, and how it has affected the agency’s ability to regulate effectively. Phil Cannella: That’s great, [...]
A Transcript of Phil Cannella’s Interview with Michael Smallberg of POGO (Part 3)
Today I’ve posted part 3 of the transcript of my interview with Michael Smallberg of the Project on Government Oversight (POGO). POGO has released two reports over the past year or so regarding the Revolving Door problem at the SEC, where former SEC staffers take jobs in the private sector financial industry and use the [...]
A Transcript of Phil Cannella’s Interview with Michael Smallberg of POGO (Part 2)
Exactly one week ago, The Project on Government Oversight (POGO) released its second report on the Revolving Door at the Securities and Exchange Commission. POGO found that former SEC employees had testified on behalf of the financial industry hundreds of times leading up to (and after) the financial crisis of 2008. I felt the release [...]
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