Phil Cannella Lawsuit: Phil Cannella Files Lawsuit Against Anonymous Blogger – Phil Cannella Lawsuit
Phil Cannella Lawsuit Phil Cannella Lawsuit – Phillip Cannella Lawsuit: Phil Cannella Lawsuit, in a lawsuit filed by Phil Cannella Lawsuit and First Senior Financial Group against an anonymous online blogger, the right to remain anonymous was a central theme of the suit. Hiding behind the protection of the First Amendment, this anonymous online blogger was the source of a slew of alleged defamatory statements Phil Cannella claimed were lies written to destroy his reputation. Phil Cannella Lawsuit • Phillip Cannella Lawsuit Phil Cannella filed the suit in Read More +
Phil Cannella Lawsuit Defends Freedom of Speech Part 2 – Phil Cannella Lawsuit
Phil Cannella Lawsuit First Amendment Phil Cannella Lawsuit • Phillip Cannella Lawsuit News: Phil Cannella Lawsuit , the First Amendment provides for the freedom of speech as one of the inalienable rights given to us by our forefathers. Furthermore, the right to remaining anonymous is an integral part of this right. Courts have debated cases and ruled on both sides of the line when it comes to matters relating to the freedom of speech. Phil Cannella Lawsuit • Phillip Cannella Lawsuit As covered in Part 1 of this article, Read More +
Phil Cannella Lawsuit Defends Freedom of Speech Part 1 – Phil Cannella Lawsuit
Phil Cannella Lawsuit Freedom of Speech Phil Cannella Lawsuit • Phillip Cannella Lawsuit News: Phil Cannella Lawsuit, in his drive to bring truth to the American retiree, has exposed many of the ills that befall Wall Street. Seeing the everyday investor fleeced by those who have a vested interest in manipulating the markets, Phil Cannella took it upon himself to stand up to the big investment banks and other behemoths that control the market. It is a story much like David vs Goliath. Phil Cannella Lawsuit Read More +
Phil Cannella Lawsuit Win Discovers Adversary Through Federal Court – Phil Cannella Lawsuit
Phil Cannella Lawsuit through Federal Court Phil Cannella Lawsuit • Phillip Cannella Lawsuit News: Phil Cannella Lawsuit is no neophyte when it comes to the world of business. While some people may possess years and years of learning in academia, Phil Cannella has been schooled in the University of Hard Knocks. Phil Cannella Lawsuit • Phillip Cannella Lawsuit Cast into society at a young age to help his family pay the bills, Phil Cannella had no choice but to make ends meet and help provide for his Read More +
Phil Cannella Stepping down as CEO – Phil Cannella News
Phil Cannella provides retirees steady income Phil Cannella – Phillip Cannella News: Phil Cannella is a revolutionary thinker. Phil Cannella in the 1970s, was a pioneer in developing long-term care insurance which today helps millions of retired people afford the continuing medical care they need. Today, Phil Cannella’s cause is the Crash Proof Retirement system, which provides retirees with a steady source of income in their golden years regardless of the health of the economy. Phil Cannella helps millions of retired people Phil Cannella has worked Read More +
Phil Cannella Lawsuit: S&P, Moody’s Settle Lawsuit Without Admitting Wrongdoing – Phil Cannella Lawsuit
by Phil Cannella In a story that has become all too common these days, ratings agencies Standard & Poor’s and Moody’s settled a lawsuit accusing them of manipulating their ratings before the financial crisis of 2008. Specifically, the two agencies are accused of giving good ratings to risky subprime mortgage products in order to make them more appealing to investors. The products in question were more of the complex derivative products made up of subprime mortgages that are credited with causing a great deal of Read More +
Follow Phil Cannella on Social Media
by Phil Cannella I maintain an active presence on Facebook, Twitter, Pinterest, and Pheed, so if you’re a fan of Phil Cannella, be sure to check out my Social Media Pages, which are updated every day with great new content. I like to post pictures from events, media coverage, videos from my Youtube channel. I also share news stories and other items that relate to retirees and retirement. I started in this business in the 70s, so it has been amazing to see how rapidly Read More +
New Retirement Blog at RetirementNews.net
by Phil Cannella I wanted to let everyone know about this great new blog at RetirementNews.net. By visiting the site, you can stay up to date on the latest news that affects retirees. Here’s a link to the latest post: RetirementNews.net – New Budget Plan Takes Aim at Retirees In the future, you will see lots more great posts that will clue you in to the topics that are near and dear to retirees. The blog will cover tax law changes, changes in programs like Read More +
The Crash Proof Retirement Show® Outrage of the Week
Today we have a preview of this weekend’s “Outrage of the Week” segment that will air during our Saturday show (11 AM to 1 PM on 1210 WPHT). If you’d like to hear the segment read on the air, tune in on Saturday, when you’ll hear the Outrage of the Week, as well as some great commentary from Phil Cannella, Joann Small and Bob Bumbera on The Crash Proof Retirement Show® Revolving Door Revelations Last week we talked about a report released by the Project Read More +
A Clip from “Voice of Reason” with Larry Kane
by Phil Cannella My Crash Proof™ Production Crew at Retirement Media, Inc. put together this video for me the other day and I wanted to share it with you. As you may know, I was invited to appear on “Voice of Reason” with Larry Kane, which aired March 17th and 20th on the Comcast Network. On the show, I got the chance to speak to legendary journalist Larry Kane, as well as expert panelists Ryan Sweet, Senior Economist at Moody’s and Dr. Bruce Rader from Read More +
Phil Cannella and Joann Small in Profile Magazine
by Phil Cannella One of the dedicated employees at Retirement Media, Inc. passed this link along to me today, and needless to say I was ecstatic to see that myself, Joann Small, and Crash Proof Retirement™ were being recognized in the media once again. This time, Profile Magazine decided to cover Crash Proof Retirement™, First Senior Financial Group, Retirement Media, Inc. as well as myself and Joann Small. The article starts by talking about my upbringing and the medical emergency that led to me founding Read More +
New POGO Report Highlights Revolving Door Bonuses
by Phil Cannella Our friend Michael Smallberg with the Project on Government Oversight (POGO) is back again with another damning report of the Revolving Door between Washington regulators and Wall Street Financial Firms. It seems that not only is the Revolving Door still spinning, but that private firms are also offering their executives big bonuses for taking high-ranking government jobs, bonuses that would not be available to them if they took jobs at competing private sector firms. You may remember Mr. Smallberg from his appearance Read More +
Saturday on The Crash Proof Retirement Show®: Temple University’s Dr. Bruce Rader
by Phil Cannella This Saturday, I have a very special Crash Proof Retirement Show® for my loyal listeners, so make sure to tune in. My guest will be Dr. Bruce Rader, Assistant Professor of Finance from Temple University’s Fox School of Business. For those of you who have been following me, Dr. Rader was one of the other expert panelists invited to appear on Larry Kane’s “Voice of Reason” along with myself and Ryan Sweet, Senior Economist with Moody’s Analytics. We were all invited onto Read More +
New Survey Shows Retirement Confidence is Low
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 will have enough money in their savings to make it through retirement. The EBRI has been conducting the RCS since 1993, measuring confidence about retirement by surveying people in or Read More +
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 listings. Once again, I was honored to be invited to speak to a journalist of Larry Kane’s caliber and also proud to be included in a panel with such respected Read More +
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 readers (and listeners of the Crash Proof Retirement Show®) know about my appearance so they can tune in and watch this Sunday, March 17th at 9:30PM and again on Wednesday, Read More +
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 to put your money at risk on the stock market again? I would say no. At times when the stock market is up, people tend to feel more confident investing Read More +
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 a month after former Chairman Mary Schapiro resigned early this year. I also expressed some trepidation, because of White’s background in the private sector as a lawyer working for Wall Read More +
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 some of these banks would like to have you believe that they suffered through the recession just like everyone else. Jamie Dimon, CEO of JPMorgan Chase, is a bit different Read More +
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 retirement and so far has surveyed over 125,000 people all over the globe. I wanted to share the report with you because it contains many statistics that reaffirms the things Read More +
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, I want to congratulate you, you’re saving money with the federal government and the Pentagon, in keeping with your mission. What would be your mission statement? Michael Smallberg: Generally we Read More +
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 knowledge they gained working at the SEC to help their new employers navigate around securities regulations. Michael Smallberg: Its absolutely unfair that you have that kind of senior official Read More +
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 of this report was the perfect time to revisit the groundbreaking interview I conducted with Michael Smallberg, an investigator with POGO, during which we discussed the Revolving Door and its Read More +
A Transcript of Phil Cannella’s Interview with Michael Smallberg of POGO
If you read my blog post yesterday, you’ll remember that I spoke to Michael Smallberg of the Project on Government Oversight (POGO) early in 2012 about the revolving door between the SEC and the private sector financial industry. I wanted to give you a transcript of that interview in case you weren’t able to listen to it, or would rather read it in text form. I’ll be posting the transcript in sections over the next few days to make it easier to read and digest. Read More +
Phil Cannella Interviews Michael Smallberg of POGO
With the release of a new report on Monday by the Project on Government Oversight (POGO), it only makes sense to revisit Phil Cannella’s interview with Michael Smallberg of POGO. Mr. Smallberg is an investigator at the organization, which seeks to advocate for stricter regulations preventing the Revolving Door Between the SEC and the private sector financial industry. The second of two POGO reports was released this week and outlines specific instances where the revolving door may have influenced the outcome of SEC matters. When Read More +
More Revolving Door Horror Stories
In yesterday’s post, we talked about a new report by the Project on Government Oversight that reveals the true extent of the revolving door from Wall Street to the SEC and vice-versa. Well as I’ve dug further into the report, I’ve picked out some interesting anecdotes to share with you that really demonstrate how bad this problem is, and how it has influenced the outcomes of many investigations into the criminal activities of Wall Street. Mary Schapiro’s Money Market Investigation gets Derailed The POGO report Read More +
Phil Cannella Exposes the Revolving Door
Phil Cannella has made it his life’s work to investigate flaws within the systems that impact the lives of the everyday consumer. You’ve probably heard me talk about the revolving door before. That’s when employees of the Securities and Exchange Commission (SEC) leave their jobs to take new ones in the private sector financial industry. It seems fine until you realize that the SEC is supposed to be regulating that very industry, and yet its employees routinely drop out and take up (usually higher-paying) jobs Read More +
Phil Cannella on PhillyAdClub.com
As part of the 98.1 WOGL Loves Our Kids Radiothon, Phil Cannella, Joann Small, and the Crash Proof Retirement™ Team once again made a big splash by being the largest single donors of the event. Cannella and his team even managed to top their previous donations, made in 2010 and 2011, of $50,000 by donating a jaw-dropping $65,000 to benefit the kids at the Children’s Hospital of Philadelphia (CHOP). Philly Ad Club picked up the Radiothon story and posted it on their website (click here Read More +
Phil Cannella Warns: Watch Out for Identity Theft
Phil Cannella recognizes the dangers of identity theft, and hopes to bring awareness of this issue to seniors. I read an interesting blog post today, and it reminded me of a problem that’s becoming all too common these days: Tax Refund Identity Fraud (click here to read the blog post). This occurs when someone files a fraudulent tax return using your information, and then collects the resulting refund. The problem with this scam, and the reason it’s so hard to detect, is because the person Read More +
Phil Cannella Warns About Ratings Agencies
Phillip Cannella warns investors to be cautious of investment rating agencies. Just five short years after Wall Street and ratings agencies worked together to defraud American investors, the U.S. government is finally getting around to doing something about it. The government announced it will be suing the parent company of ratings agency Standard and Poor’s for fraud, a charge they absolutely deserve. You see, in 2008, Wall Street firms were working hard developing subprime mortgage products like Collateralized Debt Obligations. These subprime products packaged risky Read More +
Phil Cannella in the Delco Times
Much was written about Phil Cannella, Joann Small, and Crash Proof Retirement after their participation in the 98.1 WOGL Loves Our Kids Radiothon that raised $658,272 for the Children’s Hospital of Philadelphia. Their generosity earned them a lot of attention from the local press, spawning several stories. Follow the link below to see coverage of the event in the Delaware County Daily Times (Delco Times). Click here to see coverage of Phil Cannella and Joann Small in the Delco Times Cannella and Small have become Read More +
Phil Cannella on the Treasury Department
Phil Cannella Keeps a Watchful Eye on the Federal Agencies Governing the People he Stands to Defend. I came across this story today, and needless to say, I was not happy about what I found. It seems that the U.S. Department of the Treasury, under the leadership of Tim Geithner, allowed executive pay raises and ridiculously large pay packages at several companies that got bailouts. These companies included AIG, Ally Financial (previously known as GMAC), and our old pal General Motors. How could anyone justify Read More +
Phil Cannella at the 98.1 WOGL Loves Our Kids Radiothon
Pictured above: Phil Cannella and Bob Pantano This year’s 98.1 WOGL Loves Our Kids Radiothon was a resounding success, thanks to the efforts of so many local personalities who lent their names to a great cause. Members of WOGL’s morning show, “The Breakfast Club” were on hand to help out with the festivities, including hosts Ross Brittain and Valerie Knight. Beloved radio personality Bob Pantano also helped out with the event, which benefits Children’s Hospital of Philadelphia, by holding the event in conjunction with one Read More +
Phil Cannella Speaks on the New SEC Chair
Phil Cannella I’ve been saying for years how the SEC needs effective leadership to do the job that we as taxpayers pay them to do. You may remember my groundbreaking interview with former SEC Inspector General H. David Kotz, in which he said that the SEC had management problems that made it difficult for them to regulate effectively. Of course, when he made that statement, he was referring to then SEC Chairman Mary Schapiro, who stepped down as of December 14th, 2012. Since then, the Read More +
Phil Cannella Speaks at One of the Largest Educational Events Ever
After taking a brief hiatus over the holiday season, Phil Cannella burst back onto the scene with his usual vigor and flair for the dramatic. He spoke at an educational event at the William Penn Inn in Lower Gwynedd, PA on Tuesday January 22nd to one of the largest crowds in the history of First Senior Financial Group’s educational event series. The William Penn event attracted retirees from all over Montgomery County and surrounding areas, who showed up to hear Phil Cannella deliver a talk Read More +
Fiscal Cliff Delays Tax Season
by Phil Cannella For anyone who was wondering when they can file their taxes this year, wonder no more. Tax season has been postponed slightly, due the battle over the fiscal cliff early in 2013. Since the IRS needed to time update their tax laws, they will not be accepting returns until January 30th this year. This applies to anyone filing a 1040 EZ form; others may have to wait longer. So if you’re one of those diligent folks who gets right to work on Read More +
Crash Proof Retirement Team Makes Donation to CHOP
Never one to take his success for granted, Phil Cannella is always looking for ways to give back to the community. That’s why he teamed up with Joann Small, CEO of First Senior Financial Group, and the Crash Proof Retirement Team to contribute to 98.1 WOGL’s Loves Our Kids Radiothon. To date, Phil Cannella and Joann Small are the leading single donors to the event, contributing $65,000 in 2012. The $65,000 donation for 2012 brings the grand total to $165,000 for the Crash Proof Retirement Read More +
Phil Cannella: JPMorgan CEO Gets a Pay Cut
by Phil Cannella For once in the history of Wall Street firms, a CEO is being taken to task for creating huge losses that cost investors billions. In his years as a Senior Advocate, Phil Cannella has seen investment firm CEOs tank their own companies, and get huge bonuses for doing it. Now, Jamie Dimon, CEO of JPMorgan will be taking a pay cut for failing to keep tabs on a trader who created $6 billion in losses. The rogue trader, known only as “the Read More +
Phil Cannella Participates in Charity Radiothon
Phil Cannella was once again a fixture at the 98.1 WOGL Loves Our Kids Radiothon when First Senior Financial Group and Crash Proof Retirement Teamed up to donate $65,000 to the Children’s Hospital of Philadelphia (CHOP). On hand to receive the donation were CHOP employees and members of the CBS radio team, including WOGL FM’s Vice President and General Manager Jim Loftus. Phil Cannella and Joann Small are no strangers to CHOP events, as they have been the largest single donors to the charitable event Read More +
Phil Cannella: Taking Death Distributions from Inherited IRAs
We’re back again with more great tips from Phil Cannella on taking death distributions from Traditional IRAs. We talked last week about Required Minimum Distributions and how they can affect you if you have a Traditional IRA. We also talked a little bit about the Required Beginning Date (RBD), which is the date when you would be required to begin taking an RMD. The RBD falls on April 1st after the IRA owner reaches age 70½. That’s for an IRA that you own. But what Read More +
Regulators Finally Get Tough with Mortgage Lenders
Phil Cannella has been saying for years that the regulators aren’t regulating banks and financial firms, which is what allowed them to cause the mortgage bubble that crashed the U.S. economy in 2008. Now, five years after the crisis began, regulators are finally putting requirements into place that will help stem the tide of faulty mortgages that brought the housing market to its knees. These new restrictions, introduced by the Consumer Financial Protection Bureau (CFPB), require banks to determine if the people to whom they Read More +
Phil Cannella on 6ABC Action News
In keeping with his tradition of philanthropy, Phil Cannella and Joann Small teamed up with the Crash Proof Retirement Team to make a generous donation to the Red Cross. The money will go towards helping those who lost so much during Hurricane Sandy. Phil Cannella has always called the Greater Philadelphia area his home, which is why the damage done in New Jersey and Pennsylvania affected him in a very personal way. That’s why he and Joann Small took it upon themselves to come Read More +
Phil Cannella: Taking Death Distributions from Inherited IRAs
Phil Cannella: Master IRA Advisor Taking Death Distributions from Inherited IRAs In his 38 years as a Master IRA Advisor, Phil Cannella has seen it all. People use many different methods to plan for retirement, but today one of the more common ways to save is by contributing money to an IRA. If you’re in or near retirement, your spouse probably has some money in an IRA. Have you ever thought about what you would do if your spouse passed away and left you Read More +
Phil Cannella and Joann Small Present Check to Red Cross
Phil Cannella presented a check for $12,500 to the Red Cross South Jersey Chapter to aid in the relief efforts for those affected by Hurricane Sandy. New Jersey was particularly hard hit by the storm, which left residents without power for long periods of time and caused many to lose their homes and businesses. The check presentation was made at a Crash Proof Retirement educational event held at Adelphia Restaurant in Deptford, New Jersey. Phil Cannella speaks at these weekly events, educating people in or Read More +
Phil Cannella and Crash Proof Retirement Make Donation to CHOP
As part of his work with the 98.1 WOGL Loves Our Kids Radiothon chartiable event, Phil Cannella was on hand with his radio show co-host Joann Small to present a check for $65,000 to the Children’s Hospital of Philadelphia (CHOP) on behalf of First Senior Financial Group, the company he founded, and of the Crash Proof Retirement Show. This donation marks the biggest donation yet for Crash Proof Retirement, and continues their three-year tradition of being the largest single donor ever for the WOGL Radiothon. Read More +
