False Sense of Securities

By | August 14th, 2017|Advisor Insights|

Remember Bear Stearns? How about Lehman Brothers? If you don’t, you should. We all should. Both were classic American success stories with roots tracing back to Wall Street’s earliest days. Both firms weathered the Crash of 1929 and survived the Great Depression of the Thirties. Both shops went public on the New York Stock Exchange [...]

So, Who Put the Lie In Libor?

By | August 1st, 2017|Advisor Insights|

It’s been said that finance is a set of social conventions, and much of the financial industry is an arena for battling over those conventions. In that sense, the story of Libor — the London interbank offered rate — is the perfect finance story. The tale begins in 1986 when Libor was created to help [...]