Not super worried about vanguard going out of business in the next 10+ years either.
Are you taking a leap of faith th? It Prompts the question how would we know?
After all the rating agencies (Moody's S&P etc) 'helpfully' only responded to junking Enron and WorldCom - AFTER the scandals broke! We know the pressure and incentives on senior Execs to perform and hit the numbers is high, it focuses on the short term and may hurt long term investors.
Can't hit the numbers? Then get creative. Case in point recent weeks revelations from AIG where 'reinsurance' was used to make the health of AIG and many of their customers look better than it was. Or Coca-Cola where they robbed from future earnings.
How can we be sure we've seen the last of these?, senior Execs could be working on new masking tricks as we speak. And what's with 'deferred prosecutions', doesn't this really just hurt investors in general, while acting as get out of jail free cards for bad management?
Funds firms should be subject to the most stringent regulation with verifiable excess reserves, and guarantees not just for the creditors! Can we say this about Vanguard or any other fund?