H. Craig Rappaport, author of the retirement book, “Live Long, Live Rich,” 

writes: 

 It is surprising but yet investors keep coming back for more. 

 One year they enrich themselves with tainted research reports, WorldCom, 

Enron etc. The next time they make millions for themselves blowing up the 

financial markets at the expense of shareholders. The investment bankers are 

all multi-millionaires earning it by stuffing off balance sheet SIV’s with 

junk. 

  When will the investing public realize that the major wire houses are 

looking out for their own interests consistently at the expense of the 

accounts they manage. Do clients really think that they will pass up the next 

investment banking deal because they think it may hurt the clients who by it. 

Not a chance. 

  So while the bankers are sipping mint juleps on the beach in Hawaii, the 

secretaries, the janitors, the clerks are busy figuring out how much longer 

they will need to work before they can retire.