Americans are flooding into movie theatres to see Inside Job, a movie co-financed and executive produced by Philadelphia Eagles owner Jeffrey Lurie and his wife Christina. The red-hot movie, about the 2008 financial markets collapse, was financed through the Lurie’s charitable foundation. The foundation’s goal is to fund movies that examine tough global issues in […]
Swiss Banks to Clients: Exit U.S. Securities
The oldest Swiss bank has pulled out of the U.S. and advised clients to get out of U.S. securities. St. Gallen-based Wegelin (founded 1741) advises that U.S. clients may become global pariahs. Can this possibly be true? For what reason, and who is to blame? As a test, I spent considerable time over the last […]
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