There was no effective oversight of the investment manager and no effective control or checks on his actions.

Investors are entitled to both accurate financial data and an accurate description of the story behind the numbers.

Overage in the quarter (was) mostly due to very strong investment banking results, particularly trading, and good expense control,

Normally when such (foreign investment) agreements are spelt out, there are some fundamental control factors or check mechanisms that are implemented. So, while directly a foreign investor may not get management control, the conditions within the agreement and check mechanism ensure that a foreign investor has sufficient control on operations and finance.

IRAs give you more control and they give you more investment options than a 401(k).

The government really wants to slow down investment, but it can't control local governments who have a big incentive to invest more because it leads to higher economic growth in their regions and promotion for local officials.