Word: barneys
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...Barney Frank ['61 (D-Mass.)] and I were on the student council together," Petri said...
...aftermath of the bankruptcy filing soon led to finger pointing. Holders of Orange County municipal bonds sued county officials as well as Merrill Lynch and Smith Barney, claiming the firms had concealed "reckless investment practices." Not to be outdone, the county sued Nomura Securities for ignoring the bankruptcy filing and selling $900 million of bonds that it held as collateral; county officials indicated that they would sue other firms that had dumped bonds as well. And the Securities and Exchange Commission widened its investigation of the financial collapse by subpoenaing Merrill Lynch to testify...
...Barney...
...continue to maintain a positive working relationship with these bigwigs. This reminded me of the millions of little wigs who have had a tough year in the stock market -- like me. A couple of my stocks have gone down, and it would cost my brokerage firm, Smith Barney, a lot less than $130 million to maintain a positive working relationship with me. My list of downers includes a muni bond fund that I bought in anticipation of low inflation and lower interest rates, a gold fund I bought in anticipation of high inflation and higher interest rates, two China funds...
...called Smith Barney and asked if I could get a bailout deal similar to Mellon's. Because I make my own ill-advised investment decisions without the help of my broker, who no doubt has better ideas, I figured I was a great candidate for reimbursement. At least Smith Barney couldn't be accused of paying me off to cover up my broker's mistakes. And whatever modest sum it might choose to advance me would go a long way toward cementing my future loyalty. But spokesman Bob Connor wasn't buying any of this, and Cohen at Mellon said...