News 09/28

Madoff trustee suing brother and sons

Madoff trustee Irving Picard will file massive lawsuits against Madoff’s sons and brother saying as officers of the companies, they should have known about the fraud and if the civil suit bankrupts them, oh well.

Bank Of America pulls funding from ACORN

More than anything, the loss of corporate funding is what will cause ACORN to cease to exist. After the recent revelations, no one is charge of charitable contributions at a company will even try to defend ACORN to their board.

World Bank chief calls for Treasury, not Fed, to regulate banks

Why? because the Fed has failed to predict or deal with assegt bubbles, so how can it regulate banks. Plus, it is too secretive and not accountable.

Honduran constitution suspended: Regime plans bloodbath

The death squads are coming.