If you're ever wondering why the stock market isn't doing as well as it used to and why your 401K statement is just losing money every month you have only to read articles like this one about Grasso in the NY Times.
A good part of the stock market's performance is tied to people's faith in it. The past few years have seen story after story of corporate abuse, mutual funds systematically fleecing small investors, and guys like this justifying the obscene salaries they give each other while they're serving on each other's boards. Is it a big surprise that people are skeptical?
A good part of the stock market's performance is tied to people's faith in it. The past few years have seen story after story of corporate abuse, mutual funds systematically fleecing small investors, and guys like this justifying the obscene salaries they give each other while they're serving on each other's boards. Is it a big surprise that people are skeptical?
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