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NYC 9/11 Public Portal Document

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A few years ; Bra.n.del > “was particularly dis­ I z traught because she was 42 and desperately wanted to JOHN ©bld' CRUOEiE have a child,” according to the allegations submitted fcrofcer- by her lawyer, Louis F. fflr' Bt Burke. one geta ’ •O’ 1|<OU’VE heard about ■ full-service brokers So Brandel placed an. ad­ vertisement for her .serv­ """'J/' 'I ■■

before, but never one like ices as a licensed masseuse this. in New Yorker Magazine AlecByme A New Jersey woman is and, she alleges, a Salomon alleging that a Salomon Smith Barney broker re­ lieved the broker “would nomics team. Let me leave rate is much higher than Smith Barney broker prom­ sponded. One thing led to never do anything to jeop­ it with this. the government is letting ised to father her child if another — again. Page Six ardize their baby’s Last Friday's surpris­ OB — over 10 percent, if site invested money with stuff — and, here’s the rub money.” ingly wea.k labor figures you count discouraged him. The woman, lawa (if you don’t mind a pun), Brandel, who is looking should have finally con­ workers — and the econ­ Brandd, claims the broker Brandel placed most of her for $1 million from Salo­ vinced you — as it did the omy isn’t growing as much ended up costing her a money in the broker’s mon Smith Barney, does president — that we are as the government is pre­ bundle without giving her hands. admit in the document that now going into a period tending, if you calculate a bundle of joy. In her allegations against she lacked sophistication where the economy will inflation properly. The complaint is going Salomon Smith Barney, and was naive. took bad, probably even My best economic before a National Asscxaa- Brandel says she "believed Birt remember, t.here’s worse than it actually is. source, who wants to re­ tion of Securities. Dealer’s that (the broker) would fa­ the “know your client” The 40,000 loss in jobs main anonymous, tells me. arbitration' pane! tMs ther her child and by vir­ rule that every broker is in November and the that the next two shockers week. The woman’s lawyer tue thereof sealed the trust obliged to follow, I guess huge, unexpected jump in will be a higher rate of in­ would not talk to me. A Sa­ with (him) that was the this broker could argue the unemployment rate flation in December and lomon spokesperson said, link to believing her finan­ that he was just trying to was in sharp contract with the big drop in fourth­ “We take all client claims cial security was inr the know this client a little the impressive — and arti­ quarter GDP when it is an­ seriously and handle them solid bands of SSB” and better. ficial — 4 percent growth nounced in late January. appropriately.” the broker. Oh yes, I’m withholding in third-quarter 'gross do­ Washington allegedly But I got a copy of the al­ “Indeed, (the broker) this guy’s name because I mestic product that the has a plan to stimuate the ► legation front tne lady her­ often told (Brandel) that feel a little sorry for him. government reported just economy with. .$506 billion self and, well, it is unique, Brandel is now around (he) would invest claim­ ant’s money in safe and ■ a couple weeks ago. in tax cuts. What’s that How appropriate: Give As I’ve said often before, going to> do? It'll raise the 48 years old and and she conservative investments John Snow the job of the economy is perform­ federal 1budget deficit to tells the NASD that she so that her money would Treasury Secretary and ing a lot worse than the around $500 billion a year has had some broken love grqtw and she and (the bro­ see if he can do a snow job government thinks and the (even if you use the gov­ affairs and personal trage­ ker’.s) baby would live off on the public. slow expansion isn’t creat­ ernment’s jolly time ac­ dies in the past few years the interest income,” I’m not going to waste a ing many new jobs. counting) and will rile the that I’ve decided' belong according to the allegation. lot of time in this column This column has B; ssncial markets. more on .Page Six than in The arbitration docu­ on the bloodletting among preached this sermon be­ a Pteasc send e-mail to: this column. ment says Brandel be- President Bush’s eco- fore; the unemployment jerudeie@nypostcom

U.S. to unwind new Japanese import By LAUREN BARACK ment for U.S. toy makers. Hasbro growing as children begin compiling K's spinning tops — Japanese style. often meets with its Japanese toy their wish lists for Santa. Goog- NYC-WTC_000143465