My Least Worst Enemy (Musical Tribute)

PRACTICE MANAGEMENT: Charities Turn To Wealth Managers

NEW YORK (Dow Jones)--Wealth managers are seeing increased interest from charities and private foundations that, hit by endowment declines and shaken by prominent fraud cases, are seeking more professional help with investment decisions and due diligence.

Good luck on that one!

I'm fairly sure our government is bailing out the "professional help" as we speak. It seems the professionals came up somewhat lacking in toxic asset risk management and toxic asset due diligence. Other than that, I'm sure the professionals provide great wealth management in general though, lol.

Wealth managers shaken by an exodus of clients

UBS, the world's largest wealth fund manager, saw an outflow of $95billion as clients left because of the bank's exposure to toxic assets and its spat with the US government over offshore accounts it set up for American citizens.

Let's summarize. Wealth managers are seeing renewed interest by those who have not used wealth managers in the past. Meanwhile, existing clients of wealth managers are leaving in droves. Doesn't that just figure?

How Do I Know You're Not Bernie Madoff?

Still, this is the ultimate reverberation from the Madoff scandal: trust, the foundation between wealth manager and client, has been called into question, if not destroyed.

Here's a crazy thought. Be your own wealth manager. You certainly couldn't do much worse. Even if you lost it all, at least you'd have the satisfaction of knowing you didn't pay yourself excessive wealth management fees for the privilege.

My Least Worst Enemy


I remember, there was a time
We were told to invest in almost anything
As the lies came and the pain
One day wealth just went away
Yeah I remember, we lost most everything

That Kudlow's always trying to tell me
How to make money, how to believe
That Siegel's always trying to say
Markets, stocks are beautiful in every way
That Greenspan's always trying to push those ARMs
Trying to protect banks, keep them from harm
So that's why I always have to be
My least, my least worst enemy

My least, my least worst enemy
My least, my least worst enemy
My least, my least worst enemy
My least, my least worst enemy

In the gutters, in the graves, sit the nest eggs
There is no place, where wealth can just hide away
As all those taxes take their tolls
There is nowhere cash can grow
So we keep running, running from our destiny

That Kudlow's always trying to tell me
How to make money, how to believe
That Siegel's always trying to say
Markets, stocks are beautiful in every way
That Greenspan's always trying to push those ARMs
Trying to protect banks, keep them from harm
So that's why I always have to be
My least, my least worst enemy

My least, my least worst enemy
My least, my least worst enemy
My least, my least worst enemy
My least, my least worst enemy

Say I bought on margin
Say stocks go to the moon
That greed's never enough
No greed's never enough, no greed's never enough
Say it's illusion
It's all in my head
That greed's never enough
No greed's never enough, no greed's never enough
So why is it that we believe the lies?

That Kudlow's always trying to tell me
How to make money, how to believe
That Siegel's always trying to say
Markets, stocks are beautiful in every way
That Greenspan's always trying to push those ARMs
Trying to protect banks, keep them from harm
So that's why I always have to be
My least, my least worst enemy

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