Economy Mar 26 Can Individual Investors Participate in the New Toxic Asset Plan? Question: Is there an opportunity for individual investors who are not super-rich to participate in the new Toxic Asset plan? Maybe something like a mutual fund, or the Treasury’s non-competitive bid process? Paul Solman: Supposedly yes. From an AP…
Economy Mar 16 Banks Reach $675 Million Settlement in Mutual Fund Scandal Bank of America and FleetBoston Financial said Monday they reached a record $675 million settlement to resolve charges they helped favored clients trade mutual funds improperly at the expense of ordinary investors.