SEC Charges Former Citigroup Investment Banker for Tipping
Source: LawFuel
Since Madoff, it appears the house of cards is now collapsing. It's obvious these cases take extensive effort to uncover and investigate. Good Job, SEC. We'll stay tuned to see how many more like this from other financial firms have sparked the collapse.
Warren Buffett Warns Inflation is on the Horizon
Source: CNN
OMAHA, Neb. (Fortune) -- Berkshire Hathaway chief Warren Buffett defended the government's handling of the economic crisis, but warned that the purchasing power of the dollar may fall as policymakers stretch to finance expensive rescue plans.
Banana Republic Capitalism
Source: Power Line
The Chrysler reorganization is shaping up as another milestone in the decline of the rule of law under Barack Obama.
Credit Card Cardholders Bill of Rights Now On to Senate
Source: Yahoo! News
Moving it on quickly through the legislative process, if approval is gained in the Senate, some changes won't be in effect for one year. You also might want to check out the CEO salaries for 2008. Notice top dollar has gone to the fat cats in this sector.
For a year or more, the power of the media and its impact on the world today has taken shape. For years, we have had those whose belief in the media has trumped all else. Some of the most famous were almost never seen before they began to us the media to their advantage.
American Express shareholders give nod to exec pay
Source: Pension & Investments
Not that my piddly shares held could ever compete with that of the current board or Buffett's ownership... I didn't receive a proxy statement regarding this. The statement also didn't disclose how MUCH that pay was either.
Detroit auto industry is made up of Faces not Numbers
Source: The Detroit Free Press
I realize changes have to be made for the auto industry to survive here in Detroit but as changes are considered and decisions are made keep in mind that these decisions affect the people in this entire region, not just the bottom line of the big 3.
Legislation To Combat Financial Fraud Advances in Congress
Source: Congressional Quarterly
The legislation would expand federal fraud laws to cover funds disbursed under both the $700 billion financial rescue program enacted last year and the $787.2 billion economic stimulus package signed into law this year.
Are Banks Struggling, or Scamming?
Source: The Nation
The Wall Street Journal reports that the biggest financial institutions "made or refinanced a total of $226.3 billion of loans in October.
Money for Nothing-----The Copioius Gifts of the Wealthy "new titans"
Source: The New York Times
On July 15, 2007, The New York Times published an article with the headline "The Richest of the Rich, Proud of a New Gilded Age." The most prominently featured of the "new titans" was Sanford Weill, the former chairman of Citigroup, who insisted that he and his peers in t …
Fed says gov't ready to save stress-tested banks
Source: Yahoo! News
WASHINGTON – The Federal Reserve on Friday said the government is prepared to rescue any of the banks that underwent "stress tests" and were deemed vulnerable if the recession worsened sharply.
Gov't: Bigger and Blacker
Source: theblacksphere.blogspot.com
People used to say, "Follow the money." However, in the Obama administration the new saying is, "Control the money." And that is exactly what they are doing.
Chrysler lenders preparing counter offer: sources
Source: Yahoo! News
Chrysler LLC's first-lien lenders are preparing another counter-offer to the U.S. Treasury that involves reducing the automaker's debt, sources familiar with the matter said on Thursday.
First 100 Days
Source: AFRO American Newspapers
(April 21, 2009) - As the nation looks back to January 20, many people will remember the tears of joy and reminiscing as Barack Obama took the oath of office as America's first Black president.
A Report Card on Obamanomics, Approaching One Hundred Days
Source: robertreich.blogspot.com
The Administration is coming up to that magical 100-day mark, at which point measures are taken of how a new president is doing. As a university professor I'm accustomed to giving grades. So here's my report card on Obamanomics so far: