Punishment far too lenient for the fail to regulate Bernie Madoff

Bernie Madoff ripped off people to the tune of billions, and the regulator on watch lost their job and several others got a wrist slap. Is that right? How about dismissing all and canceling their retirement...

Auditing is a partnership

Auditing is a partnership If there is wrongdoing, an audit should discover it in collaboration with the audit “client.” A certified audit firm has a professional obligation to ensure that truth is told. The...

Renee Gork Fired: Wore Gators Cap To Razorbacks News Conference

Renee Gork, KAKS, Hogs Sports, Radio Personality Fired For Wearing Florida Gators Cap To Arkansas Razorback News Conference Renee Gork has found out that  ball caps are serious business in Arkansas. Renee Gork worked for KAKS, a sports radio station in Springdale,...

SEC Charges Goldman Sachs With Fraud: Market Drops 125 Points

The Securities and Exchange Commission (SEC) charged investment giant Goldman Sachs with fraud on Friday. The SEC alleges that Goldman failed to disclose information to investors regarding subprime mortgage-backed...

Global Economic Tsunami - The Sith Lords Cometh

Double, double toil and trouble; Fire burn, and cauldron bubble. William Shakespeare, "Macbeth", Act 4 scene 1 http://www.quotationspage.com/quote/25292.html   Double Trouble Indeed! I read an exciting...

Lloyd Blankfein Of Goldman Sachs Drops A Clue

The Financial Crisis Inquiry Commission (FCIC) held its first hearing today. According to its website (http://www.fcic.gov/about/), the Commission was established to "examine the causes, domestic and global, of the...

Mary Wong of Omaha: Ponzi Scheme With NFL Investment

Mary Wong of Omaha has been charged by the federal government for orchestrating a ponzi scheme. Mary Wong of Omaha took prospective investors money and instead of investing in luxury assets, funneled the money to support her other companies and lavish lifestyle. Mary Wong...

Social Media Banned at College Stadiums: SEC Bans Twitter et al

The SEC, arguably the most powerful conference in NCAA football, is reportedly developing a new "media policy" designed to restricts how much audio, video and "blogs," reporters can dish out during live games. The policy not only covers accredited media, but fans in...

Government Capping Compensation?

As you shelter yourself in a cool closet from the hailstorm of healthcare promotion, Congress and the President are sliding into home plate with compensation controls in the senior offices of financial firms, … for starters. The new Corporate and Financial Institution...

What Does Allen Stanford Have in Common with Anti-Chevron Group?

Just when I thought things couldn’t get any shadier, I’ve learned that the lobbyist now representing the Amazon Defense Coalition (via Kohn Swift & Graf, P.C.) in its $27 billion lawsuit against San Ramon,...

SEC charges brokers with Collateralized Mortgage Obligation fraud

" In a lawsuit filed yesterday in the US Southern District Court of Florida, the SEC alleges the brokers presented the CMOs as suitable products for retirees and conservative investors. In some cases, the CMOs were...

Loathe Jim Cramer or Love Him, You Now Subsidize His Salary

How does it feel to finance the looting of your own retirement money.  The parent company of CNBC, which hired Jim to do Mad Money, is General Electric (GE), a company which received 139 billion dollars under...

The Deal To Make With Madoff

The icon embodying our generation’s perception of the more extreme and baser elements pervasive on Wall Street will receive a sentence this summer that will extend far beyond his life expectancy. The devastated thousands of sources that rendered up the $65 billion Madoff...

Short, Naked, Crooked, & in Charge

"Anyway, I keep picturing all these little kids playing some game in this big field of rye and all. Thousands of little kids, and nobody's around - nobody big, I mean - except me. And I'm standing on the edge of...

There Oughta Be A Law

Just when you thought it was safe, once again our Government proves it is one big revolving bed. Once again "we the people" are just an annoyance to the power elite. Who cares what we think and need. They will do...

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