Guilty Conscience
Here's an actual work-related link on the fund scandal — John Bogle (who else?) saying
Hate to Say I Told You So.
Journal of Indexes, the site where I found it, is also a great site for research.
OK, it's a slow Friday, so here goes nothing
Euphemisms according to vocations and pastimes:
Network engineer hitting on a woman: pinging the server.
Naturalist dumping her boyfriend: returning him to his natural habitat.
Investment banker dumping his girlfriend: spinning off a division.
Fisherman's one-night stand: catch and release dating.
Any suggestions?
Another Fund Settlement
Janus has
settled with the SEC and the various attorneys general. Of the total $225 million settlement, $125 million comes in the form of reduced fees over five years. This latter sanction, similar to several others, addresses the real mutual fund scandal: exorbitant expense ratios.
This leaves Strong, Pilgrim Baxter, Franklin, Federated, and quite a few others still open. The box score on the scandal can be found in the free content of Morningstar's website. Settlements had already exceeded $1 billion in total.
"Victory for the Iraqi resistance"
OK,
now can I question their patriotism? And to think that I saw it in the
Boston Globe.
