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REGULATION, LEGAL & COMPLIANCE FEB 24, 2009
Congressional watchdog slams bailout

In the first watchdog criticism of the Obama administration’s handling of the financial bailout, the head of a congressional oversight panel said the new Treasury Department plan “lacks crucial details,” especially about how it will treat toxic securities held by banks.

RIA NEWS FEB 24, 2009
World markets lower Tuesday

ALTERNATIVES FEB 24, 2009
Home prices plunge 18% in 4Q

Prices of existing single-family homes tumbled 18.2% on average in the fourth quarter of 2008, marking the biggest year-over-year price decline in 21 years

RIA NEWS FEB 24, 2009
Consumer confidence sinks to new low in Feb.

Americans' already battered confidence in the economy went into free fall in February, sinking to new lows.

RETIREMENT PLANNING FEB 23, 2009
Fewer Americans saving for retirement, survey says

A declining percentage of Americans believe they are saving enough for retirement, according to a survey released today by the Consumer Federation of America.

FIXED INCOME FEB 23, 2009
Janus’ rating falls to junk status

Janus Capital Group Inc. of Denver saw its ratings drop a notch to junk status today courtesy of Standard & Poor’s of New York.

RETIREMENT PLANNING FEB 23, 2009
Richest 401(k) participants hit hardest

While all 401(k) investors have sustained significant losses in the last year, no one has suffered more than the wealthiest 401(k) participants.

REGULATION, LEGAL & COMPLIANCE FEB 23, 2009
Obama to tap ex-Secret Service agent to oversee stimulus plan

A former Secret Service agent is expected to be named chairman of the organization overseeing the federal-economic-stimulus-plan spending.

ALTERNATIVES FEB 23, 2009
Cohen & Steers nabs new sales head from AllianceBernstein

Cohen & Steers Inc. has snagged David Edlin from AllianceBernstein Investments Inc. to be its new national sales manager, the company announced this morning.

FINTECH FEB 23, 2009
FPA to help advisers choose best technology program

As market volatility persists, the Financial Planning Association has created a research program that is aimed to help advisers choose the best technology.