Merit Quotes

[The loss of trading days] will hurt Ameritrade the most because that's all they do. - Gerard Cronin

[Global financial markets, not any government body, determine long-term interest rates through their bond trading each day. High demand for bonds pushes up their price and drives down their yield, yield being their effective interest rate after factoring in their purchase price. A combination of factors keep driving demand and pushing rates down, forces that have] much more to do with speculation, hedging and politics than . . . with actual investment merit... Once these forces reverse, expect bond prices to plunge and interest rates to soar. - Peter Schiff

[Cutler, on the other hand, has steered clear of regulating fees on the grounds that fees should be set by market forces, not government watchdogs. On that point, he was relatively quiet Tuesday.] We're not a merit-based regulator. We don't want to set fees... someone else might. - Stephen Cutler

[But Munn disagreed, saying if a plaintiff's suit has merit, then the law can be challenged. Regardless of the states' efforts to protect themselves,] like anything else, there will be some amount of frivolous lawsuits related to the year 2000, ... This is America. Why expect anything different? - William McGrath

[And with no structured process, criteria for who gets what merit job is subjective at best.] If we're looking for objectivity, ... a standardized process would be something worthwhile to review. - Bob Wilson