Thursday, April 13, 2006

Another take on Monex

I am apparently not alone in the bemused-by-Monex crowd.

Bishop Robert Morneau, for example, used the ads as a springboard for this homily.

Another, darker take comes from Chuck Jaffe in an Investors.com piece.

A severely darker take comes from the Better Business Bureau of Southland, which offers an "F" grade for the business, meaning:

"We strongly question the company’s reliability for reasons such as that they have failed to respond to complaints, their advertising is grossly misleading, they are not in compliance with the law’s licensing or registration requirements, their complaints contain especially serious allegations, or the company’s industry is known for its fraudulent business practices."

I still think the whole outfit is hokey smoke and mirrors, even if they are a billion-dollar business. Maybe I'm wrong, but I can't get past the Monex lady's drop-gold-on-the-scale-and-see-if-it-outweighs-paper-money bullshit...

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