Investors Pulled $2.7 Billion Out Of U.S. Stock Funds In Latest Week, $69 Billion So Far This Year (CHART)
Weekly Stock Mutual Fund Outflows (2012)
Notice that only 5 of 29 weeks have seen positive inflows.
Weekly Stock Mutual Fund Outflows (2012)
Notice that only 5 of 29 weeks have seen positive inflows.
Photos inside.
"How could prosecutors drop a case where over one billion dollars in client money has gone missing, and where a CEO is throwing his hands up and saying he has no clue," asks Cornelius Hurley, director of the Boston University Center for Finance, Law & Policy.
"It gets your blood boiling," says Hurley, former counsel to the Fed Board of Governors. He notes that the statute of limitation on charging Corzine far off "so for anyone to say this early in the game that Corzine is off the hook criminally is a someone that didn’t have the courage to convict him anyway."
Another great photo inside from William Banzai.
Start watching at the 40-second mark. This is pretty funny.
Much more inside.
The controversial Newsweek cover photo is inside.