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US Treasury and Federal Reserve involved in Mortgage-Securities Fraud?
I discovered Solari and Solari circles a few years ago. The founder, Catherine Austin Fitts, is an investment adviser, a former Assistant Secretary for Housing-Federal Housing Commissioner (HUD), and investment banker. The following excerpt is some of her shocking discoveries... Citi to Buy Back Auction Rate Securities
" Citigroup Inc. will buy back more than $7 billion in auction-rate securities and pay $100 million in fines as part of settlements with federal and state regulators announced Thursday. "Citi Group, which is...Mass. regulators file fraud charges against UBS
"Massachusetts regulators filed civil fraud charges Thursday against UBS Financial Services for allegedly selling investments it knew were extremely risky, but portrayed as safe. The complaint by the... Toronto: Nortel Fraud Charges
OpinionBarry Artiste, Now Public ContributorScandal plagued Nortel takes another hit as their CEO Frank Dunn and two other exec's face fraud charges. Nortel for close to a decade had been accused of everything from... Ex-CEO of Broadcom Pleads Not Guilty on 21 Charges
And still we wonder how billionaires become billionaires..."Broadcom co-founder Henry T. Nicholas III pleaded not guilty Monday to federal drug and securities fraud charges.The 48-year-old billionaire entered the pleas to 21 counts contained in two indictments unsealed June...Google Deal Void If Icahn Wins Control Of Yahoo
Carl Icahn's campaign to broker a marriage between "Microsoft (NSDQ: MSFT) and Yahoo (NSDQ: YHOO) just got a lot more complicated -- and expensive -- thanks to the search ad outsourcing deal Yahoo struck with Google late Thursday. According the deal's fine print, disclosed... Wall Street "In On the Game"
According to senior writer, Alexandra Twin, CNNMoney [former] Republican-friendly Wall Street is backing Senator Barack Obama."And that's what is giving Obama an edge over Republican challenger John McCain, said... Obama Endorsed by 3 former SEC Chairs
Wow! A strong and unexpected group of endorsements, the most interesting one being from William Donaldson, who was SEC chair under President Bush I. It reflects the big lack of confidence Wall Street is showing in...Loss of $2.2 BILLION For Nation’s Mortgage Lender
Fannie Mae reported a net loss of $2.2 billion, or $2.57 per share, forthe first three months of 2008, vs. a profit of $961 million, or 85%per share, a year ago, on a 38.2% rise in revenue, to $3.78 billion. *To view the full post, please visit the San Diego California real...GM CEO's 2007 Compensation Worth $15.7 million
As consumers pinch pennies and begin bracing themselves for a much-feared economic downturn in the United States, a select few fat cats are still livin' very large. Mind the gap."DETROIT — General Motors Corp. Chairman and CEO Rick Wagoner received compensation valued at...US mortgage crisis may cost $945 billion worldwide: IMF
It looks like Nouriel Roubindi was right about 1 billion being the new size 6."WASHINGTON (AFP) - The International Monetary Fund said Tuesday the worldwide losses stemming from the US subprime mortgage crisis could...Greenspan Speaks
If you haven't read "The Age of Turbulence," yet, I suggest you run out to the nearest bookstore and pick-up a copy. It's a great read. The highlighted article, written by Alan Greenspan, offers a quick look at the... Night of the Living Fed
"Night of the Living Fed
Paul Krugman is writing about The Face-Slap Theory."The scariest thing I’ve read recently is a speech given last week by Tim Geithner, the president of the Federal Reserve Bank of New York. Mr. Geithner came as close as a Fed official can to... Carlyle Tries to Hold Off Lenders
I posted a story about this the other day but things are getting worse for the Carlyle Group."LONDON (AP) -- Carlyle Capital Corp. Ltd is in talks with creditors to prevent the liquidation of some $16 billion in...
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