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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Sep 22, 1990
Page
7
Two stumbling blocks to successful investing are magazine mutual fund rankings and invest ment advisory newsletters. The piece criticizes reliance on Top 30 funds and slick newsletters, noting the lack of insight into objectives risks and management, and warns subscribers to be wary of who authors such advice.
Commodities mixed with gold and silver edging higher while crude oil and grains nudge variedly. Stock market declines linger as bank fears persist and options futures wind down during the triple witching hour, with notable moves in GM IBM Philip Morris Boeing GE and AT&T Shares.
In Wichita the state treasurer candidates spar at a Pachyderm Club luncheon. Republican Eric Rucker challenged Sally Thompson on residency and financial background while Thompson highlighted her 15 years as a CPA and leadership at Shawnee Federal Savings and Loan.
The FDIC files a 200 million civil suit in Denver federal court accusing Neil Bush and Silverado Bank directors of gross negligence and repeated duty breaches contributing to Silverado’s 1988 failure that cost taxpayers about 1 billion. Other defendants include top Silverado officers and lawyers.
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