Thursday, 15 September 2011
TO BIG TO FAIL? Appleseed Fund ( APPLX)
BOSTON (MarketWatch) — Early last summer, as the Dodd-Frank financial
reform bill moved through Congress, Adam Strauss looked at what was going on and was disgusted.
Strauss is co-manager, with his brother Joshua, of the “socially responsible”
Appleseed mutual fund /quotes/zigman/442173 APPLX 0.00% , based in Chicago.
And they were so appalled at the way the big banks were fixing the system
in their favor, once again, that the two brothers took a bold move.
They announced that they were barring the stocks of too-big-to-fail banks from their fund — on ethical grounds.
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