The SIPA

The Blog Of The Securities Industry Professional Association
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Archive for November, 2010

The Grinch Who Stole Christmas

The economy has been in the toilet since 2007 and although everyone keeps saying “the 2nd half of next year we should see a rebound” the stark truth is that there is no rebound in site and anyone saying differently is either a shill for the government or an absolute moron. The Financial Reform Act which was thrust down the throats of Financial Institutions and taxpayers will be the “Grinch that Stole Christmas”.
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Merrill Lynch The Small Firm Advocate

Say what? Merrill Lynch is a small firm? Last I checked they were one of the largest firms on the street with more reps then most cities. Now I know that they have many divisions and brokerage arms at these mega firms but give me a break.
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Sweeping Change in Washington

The Republicans swooped into office and now everyone is expecting huge change in Washington yet your first evidence of more of the same was the speech by minority leader John Boehner on election night. Lets be realistic, this race was fueled by the phenomenal success of the Tea Party and they are the ones who energized the campaign, yet once victory was secured in comes a 21 year congressmen with a nice suit, overly tanned and full or pats on his back when in fact he offered little or no support to tea party candidates who were running under the Republican ticket.
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