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December 22, 2014
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Tag: Hedge Fund


Greg Palast: How Obama Could End Argentina’s Debt Crisis

“The ‘vulture’ financier now threatening to devour Argentina can be stopped dead by a simple note to the courts from Barack Obama,” investigative journalist Greg Palast writes Thursday at The Guardian. “But the president, while officially supporting Argentina, has not done this one thing that could save Buenos Aires from default.”

Posted on Aug 8, 2014 READ MORE



Shutterstock

Just One Hedge Fund Dodged $6 Billion in Taxes, Senate Committee Finds

Sen. Carl Levin’s Subcommittee on Investigations looked into some shady banking practices and reported that a hedge fund of Renaissance Technologies LLC found a clever way of cheating the IRS.

Posted on Jul 21, 2014 READ MORE



(AP/Dmitry Lovetsky)

Russia Can’t Take the West Seriously Anymore, but Why Should It?

Let’s face it, the West has been sold to the highest bidder and Putin has no reason to fear us.

Posted on Mar 5, 2014 READ MORE



401(k) 2013 (CC-BY-SA)

Hedge Fund Settles Insider Trading Case for $600 Million

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

Cerberus Collected Ex-Government Opportunists

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

Goldman Sachs Exec Exits With a Bang

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.

Posted on Mar 14, 2012 READ MORE


Paulson Congress
AP / Lauren Victoria Burke

Paulson Tipped Hedge Funds About Market Meltdown

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.

Posted on Nov 29, 2011 READ MORE



online.wsj.com

Inside Trader Gets Record Prison Sentence of … 11 Years

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?

Posted on Oct 13, 2011 READ MORE



Flickr / respres Some rights reserved

Banks Push to Appease Regulators With Low-Ball Damage Compensation

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)

Posted on May 15, 2011 READ MORE



University of California Berkeley

A British Perspective: How U.S. Universities Became Hedge Funds

A U.K. journal offers a great primer on why our public universities—especially California’s—are in such a dismal state these day.

Posted on May 5, 2011 READ MORE



nydailynews.com

Billionaire Arrested for Alleged Insider Trading

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.

Posted on Oct 17, 2009 READ MORE


Obama
AP photo / Gerald Herbert

Obama’s Next Target: Hedge Funds

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.

Posted on Apr 30, 2009 READ MORE


Summers
AP photo / Charles Dharapak

Living Large and in Charge

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?

Posted on Apr 7, 2009 READ MORE


Merkin
panacheprivee.com

Cuomo Sues Madoff’s ‘Middleman’ Over $2.4B Handoff

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.

Posted on Apr 6, 2009 READ MORE


Soros
bloggernews.net

Soros Laughing All the Way to the Bank

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.

Posted on Mar 26, 2009 READ MORE


Cramer and Stewart

Jon Stewart’s Not Buying What Jim Cramer’s Selling

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.

Posted on Mar 13, 2009 READ MORE


Madoff Investor Found Dead in N.Y.

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.

Posted on Dec 23, 2008 READ MORE


SEC logo
blog.kir.com

Sex and the SEC

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.

Posted on Dec 19, 2008 READ MORE



godtube.com

GodTube Cashes In

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.

Posted on May 12, 2008 READ MORE


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