The SEC and Bloomberg would rather talk about football tickets than about fixing a broken system.
Bloomberg writer Rob Schmidt‘s December 15 follow-up to his November 23 article about the fallout from Crash Proof Retirement’s landmark interview with SEC Inspector General H. David Kotz is revealing on two levels.
First, it shows that the SEC is more interested in discrediting Mr. Kotz than in meaningfully addressing the many key issues the hard-hitting questions of Crash Proof Retirement Show™ founder and host Phil Cannella brought to light during the interview itself.
Second, it shows how far the business media themselves still have to travel to reach a point where they provide a genuine service to their audience by covering issues that affect American consumers with insight and passion in the open and honest manner that Phil Cannella does today.
This doubly underscores the need for Retirement Media, Inc., the new media venture that Phil Cannella has launched.
Phil Cannella adds:“Just like accumulation-phase advisors, who tell you to trust the market because it supposedly ‘always comes back,’ the mainstream media act as if Wall Street is the only game in town. We spoke to Bloomberg at length about safe alternatives for the American retirees—alternatives that get them off the crazy, risk-infested roller-coaster of stocks, bonds and mutual funds. We also covered it in the letter to the SEC. And Bloomberg barely considered it worth a mention!”
Phil Cannella will have more to say about this ongoing controversy in this weekend’s editions of the Crash proof Retirement Show.
- Who is Phil Cannella? Phil Cannella on the mission of First Senior Financial Group (phil-cannella.com)
- Who is Phil Cannella? Phil Cannella on The Sword of Truth (phil-cannella.com)
- A Message from Phil Cannella: regarding Phil Cannella complaints about young advisors on the rise (phil-cannella.com)
- Who is Phil Cannella? Phil Cannella on Life lessons from his Dad and Grandpop (phil-cannella.com)
- A Message from Phil Cannella: Related to Phil Cannella Complaints, Cyber-Crime Dramatically Up (phil-cannella.com)
- Who is Phil Cannella: Phil Cannella on Roth Conversions (phil-cannella.com)
- Who is Phil Cannella: Phil Cannella on Life after Death (phil-cannella.com)
- A Message from Phil Cannella: In regards to Phil Cannella complaints about the IRS (phil-cannella.com)
- Who is Phil Cannella? Phil Cannella on “Stretching a Roth for Tax-Free Income” (phil-cannella.com)
- Who is Phil Cannella: Phil Cannella on Wealth Across Generations (phil-cannella.com)