http://www.msnbc.com/news/989734.asp?0si=-&cp1=1Perhaps the rich are not that different from you and me after all. A survey of some of the nation’s wealthiest individuals, released Wednesday, strongly suggests that the wave of corporate scandals has shaken their faith in the credibility of corporate managers.
ACCORDING TO THE SURVEY by U.S. Trust, 79 percent of the nation’s super-rich “question the reliability” of corporate financial statements and do not trust the recommendations of equity analysts. A slightly smaller number, 67 percent, said they do not trust corporate management, and 65 percent do not trust independent auditors.
The survey of affluent Americans, which U.S. Trust has been doing for 22 years, also revealed that rich people have grown significantly more nervous about terrorism and long-term economic prospects over the past year.
The survey found that 86 percent of respondents were worried that terrorism here and abroad will have a negative impact on the economy and financial markets, up from 76 percent last year. And 77 percent said they were worried about threats to the personal security of their family and friends in the aftermath of 9/11, up from 63 percent in 2002. Terrorism ranked as the No. 1 concern in both surveys conducted after the 9/11 terror attacks, followed by the concern that “the next generation will have a more difficult time financially” than the current generation.
-I post these messages not to stop the marketers "gamblers", but to inform the mutual fund holders, pensioneers, and the "safe" investors that they are in the "fixed" casino too.
And maybe prevent them from having to sleep on the street someday.