"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
The SEC says the Vampire Squid created and sold securities designed to fail, which were then shorted. “Goldman wrongly permitted a client that was betting against the mortgage market to heavily influence which mortgage securities to include in an investment…
Taibbi and Naked Capitalism weigh in on the looting of Jefferson County in Alabama by investment banks, replete with bribery and other sleazy doings. No prosecutions against the banksters as yet, either. Global Guerrillas on control fraud Control fraud, with…
Huge UK hedge fund busted in insider trading raid. This could be at least as big as the Galleon case here. The fallout of this case will be severe for hedge funds both in the UK and across the…
New Merrill Lynch disclosure shines a perjurious light on Ben Bernanke’s sworn testimony. Honesty is for the little people. SEC, Fed alerted by Merrill of Lehman balance sheet games in March 2008 So which theory is it: stunning bureaucratic incompetence,…
If you’ve missed this breaking story of Enron-like proportions, here’s a summary: The bankruptcy examiner report on Lehman says their then-CEO Dick Fuld was “at least grossly negligent” and that their auditor Ernst & Young could be accused of “professional…