Posts Tagged ‘charles schwab’

Elayne Boosler: SEC Kisses Schwab

Posted by admin on Tuesday, March 28, 2017

Elayne Boosler Money Quote saying money market investors taken to cleaners by Charles Schwab were repaid pennies on dollar for lost investment money. Elayne Boosler said:
 
Charles Schwab plead out to a deal that repaid innocent money market investors about ten cents on the dollar Quote
 

“I totally, totally resent the fact that the SEC (is the rest of its name “RET”?) let Charles Schwab plead out to a deal that repaid innocent money market investors about ten cents on the dollar” — Elayne Boosler

 

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In this quote, Elayne Boosler is criticizing a decision by the Securities and Exchange Commission (SEC) regarding the financial company Charles Schwab. Schwab had to repay investors in its money market funds who lost money, but the SEC settlement allowed Schwab to repay only about 10 cents for every dollar lost.

Boosler expresses resentment that the SEC negotiated a plea deal with such a low reimbursement amount, which meant innocent investors were left shouldering most of the losses. Her comment suggests regulators should have held Schwab more accountable and recovered closer to full restitution for those harmed.

Overall, the message seems to be one of frustration that the SEC settlement let Schwab off relatively easy for its role in the losses, leaving everyday investors to absorb the brunt of the financial impact.

Elayne Boosler: Charles Schwab Greedy

Posted by admin on Tuesday, March 28, 2017

Elayne Boosler Money Quote saying Charles Schwab took investment money labeled as “safe” to invest in risky mortgages, lost it and paid investors only a dime on the dollar. Elayne Boosler said:
 
Elayne Boosler Schwab took the money entrusted to it by people willing to accept very little, to protect their savings, and used it to buy high-risk junk mortgages to enrich itself on the back end. We weren’t greedy. Charles Schwab was quote
 

“Schwab took the money entrusted to it by people willing to accept very little, to protect their savings, and used it to buy high-risk junk mortgages to enrich itself on the back end. We weren’t greedy. Charles Schwab was” — Elayne Boosler

 

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Elayne Boosler seems to be criticizing investment firm Charles Schwab for misusing customers’ savings that were entrusted to the company. She argues that Schwab took the money from customers who were content with modest returns in exchange for protection of their savings.

However, Schwab invested these funds recklessly by using them to purchase high-risk mortgage-backed securities, prioritizing profits for itself rather than maintaining the safety of customers’ money as expected.

Boosler implies Schwab’s greed and risky bets caused harm, while customers had reasonable expectations that their savings would remain secure. Overall, her remarks portray Schwab’s actions as a betrayal of customers’ trust for unjust enrichment.

Charles M Schwab: Fun Love of Work

Posted by admin on Tuesday, September 30, 2014

Charles M Schwab Money Quotation saying focusing only on making money makes for a dull existence with zero enjoyment. Charles M Schwab said:
 
Charles M Schwab The man who does not work for the love of work but only for money is not likely to make money nor find much fun in life quote
 

“The man who does not work for the love of work but only for money is not likely to make money nor find much fun in life” — Charles M Schwab

 

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Charles M. Schwab says that a man who works only for money is not likely to make money or find much fun in life because he believes that truly enjoying one’s work is important for success and happiness.

If a person only cares about making money and does not actually love the work itself, they may lose motivation or put in less effort. As a result, they may not achieve as much financial success as someone who is passionate about their job.

Additionally, if work is only seen as a means to an end rather than also being enjoyable, a person may have less overall satisfaction in life beyond just financial gain. According to Schwab, truly loving one’s work can lead to both money and enjoyment.

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