|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
By Enrico Coen $29.95
By Eugene Robinson $19.95
$23
|
|
|
|
 401(k) 2013 (CC-BY-SA)
|
The Securities and Exchange Commission says it has won the largest ever settlement in an insider trading suit.
Posted on Mar 15, 2013
READ MORE
|
 AP/Elise Amendola
|
By Robert Scheer — How fitting that Dan Quayle, a bumbling excuse for a vice president of the United States, should end up as a top executive of a $20 billion private equity firm mired in controversy.
Posted on Dec 28, 2012
READ MORE
|
 AP / Mark Lennihan
|
We’re guessing that outgoing Goldman Sachs executive director Greg Smith’s last day on the job Wednesday was pretty awkward, given what he had to say about his employer in a scorching Op-Ed article printed in The New York Times for the occasion.
|
 AP / Lauren Victoria Burke
|
Back in July of 2008, when most of us were still blissfully ignorant about the approaching economic apocalypse, then-Treasury Secretary Henry Paulson was very aware of some important market distress signals, and he chose to share some of those with an elite group of financial executives, Bloomberg reported Tuesday.
|
 online.wsj.com
|
The Wall Street Journal got our attention with Thursday’s breathless report about Raj Rajaratnam, whom the Murdochian concern dubbed “the face of the biggest trading scandal in a generation,” and his newly dispensed prison sentence, “the longest-ever term handed down for an insider case.” So how long will Rajaratnam be locked up, if he’s unlucky?
|
 Flickr / respres Some rights reserved
|
Investigators at the United States Trustee Program, which oversees U.S. bankruptcy cases, are collecting mountains of evidence that show that banks industrywide are hurrying huge numbers of borrowers out of their homes prematurely, based on false loan repayment claims. (more)
|
 University of California Berkeley
|
A U.K. journal offers a great primer on why our public universities—especially California’s—are in such a dismal state these day.
|
 nydailynews.com
|
Billionaire hedge fund founder Raj Rajaratnam was arrested Friday and charged with running the largest hedge fund insider-trading scheme in history. Charged with Rajaratnam, founder of Galleon Group, were executives of several prestigious U.S. companies.
|
 AP photo / Gerald Herbert
|
President Obama gave certain hedge fund manager types who held out for “an unjustified taxpayer bailout,” as he put it, a dressing down in the midst of his comments about Chrysler’s bankruptcy filing on Thursday. Needless to say, that didn’t go over so well with the targeted demographic.
|
 AP photo / Charles Dharapak
|
By Robert Scheer — Not surprisingly, Lawrence Summers is convinced that he deserved every penny of the $8 million that Wall Street firms paid him last year. And why shouldn’t he be cut in on the loot from the loopholes in the toxic derivatives market that he pushed into law when he was Bill Clinton’s treasury secretary?
|
 panacheprivee.com
|
Manhattan financier and art aficionado Ezra Merkin may pay a high price for passing some $2.4 billion of his own clients’ money to Bernard Madoff, if New York Attorney General Andrew Cuomo has his way in the matter.
|
 bloggernews.net
|
Not many big hitters from the financial sector have managed to stay afloat, let alone turn a profit, since the economic crisis kicked in, but George Soros has done quite well for himself. Soros made $1.1 billion last year, and he’s not even at the top of the list of hedge fund managers who beat the odds in 2008.
|

|
In this highly anticipated face-off between Jon Stewart and CNBC’s Jim Cramer on Thursday’s “Daily Show,” Cramer furiously backpedals as he’s zinged repeatedly by a (mostly) courteous but relentless Stewart, who questions whether Cramer isn’t a snake-oil salesman who has supported the myth that there is one unified economic system that works the same for everybody while knowing that’s not the case.
|
|
The co-founder of one of Bernard Madoff’s biggest corporate clients, Access International Advisers, was found dead of an apparent suicide on Tuesday morning in his New York office.
|
 blog.kir.com
|
Turns out that certain employees at the Securities and Exchange Commission weren’t just asleep at the wheel, as it were, when they should have been paying more attention to Bernard Madoff’s worrisome investment activities.
|
 godtube.com
|
A European hedge fund just invested $30 million in a Christian-oriented video sharing site. The vast majority of Americans identify as Christian, and while the economy may be taking a nose dive, there’s still money to be made on Jesus.
|
View the most popular tags overall?
|
|