What We Read Today 09 February 2014

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary “reading list” which will include very brief summaries of why each item has gotten our attention. Suggestions from readers for “reading list” items are gratefully reviewed, although sometimes space limits the number accepted.

• This Schwab Ad Epitomizes the Disingenuous Advice Industry: Buyer Beware (The Derivative Project) Another important article disclosing customer abuse that masquerades behind the FINRA protection racket. This time it is the dissection of a Charles Schwab IRA service that serves no other purpose than to skim money from client accounts. See recent GEI Opinion articles, review of Larry Doyle’s book In Bed With Wall Street and Mark Mensack’s Kangaroo Court expose.

• Mosquitoes Carry Yet Another Tropical Disease toward the U.S. (Dina Fine Mason, Scientific American) Cases of chikungunya fever, native to Africa, have already spread across the Caribbean islands.

• Twitter 2, JP Morgan, 0: Bythe Masters Withdraws After One Day Appointment as CFTC Advisor (Yves Smith, Naked Capitalism) A revolving door for unindicted banksters? Who woulda thunk?  But this time the door made a full 360!
  

‘Behind the Wall’ are four articles evaluating stock markets, three on China banking and credit plus three other articles.