Can the Goldman ponzi scheme happen again?

Greg Gordon: There is nothing that can prohibit or stop the Wall St. firms from making secret bets

How Goldman secretly bet on the U.S. housing crash

Goldman didn’t tell buyers of $40 billion in securities it was secretly betting the other way

Cleaning up the mess of Wall Street

Dan Collins of Huffington Post talks about federal Judge Jed Rakoff,  and how he is taking Wall Street by storm,  insisting on accountability,  and prepared to tackle cleaning up the mess: After...

Business investment is falling

"Still on the job, at half the pay," is a headline in The New York Times. It tells the story of an airline pilot whose position has been downgraded and whose pay has been cut in half. The fellow is now earning...

2009 Wall Street Bonuses: $140 Billion in Taxpayer Money

This past summer, angry tea baggers yelled, screamed and berated Democrat lawmakers over government spending on health care. There was also a protest in Washington D.C. over the taxpayer dollars being used to...

Obama goes to Wall St.

365 days after Lehman collapse, still no new bank regulation, and White House proposals face tough climb

James Gorman Replaces Morgan Stanley CEO John Mack

There has been an upset at Morgan Stanley after months of unsatisfactory management. James Gorman has been tapped to replace Morgan Stanley CEO John Mack, and many insiders say it is not exactly a welcome change. James Gorman has a reputation as being somewhat vain and...

BBC To Turn The Collapse Of Lehman Brothers Into A Movie

BBC announced it turned the bankruptcy of Lehman Brothers -- one of the biggest Wall Street collapses in history into a movie. The saga surrounding the downfall of Lehman Brothers in 2008 named “The Last Days Of...

Lauren Imparato Quits Job in High Finance to Teach Yoga

Lauren Imparato, 28, quit her job at Morgan Stanley’s fixed-income group in April after a recent promotion to start a yoga studio called I.AM.YOU. After spending the last 7-years in finance, the Princeton...

U.S. House Prices Keep Climbing with a 1.2% Rise in June

Integrated Asset Services(www.iasreo.com) today released its IAS360 House Price Index (HPI). Based upon the timeliest and most granular data available in the industry, the index for national house prices moved ahead another 1.2% in June.   With June’s gains--the...

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...

Regulatory Capture: O-stock CEO, Ron Paul, Gold-Sachs Corruption

Regulatory capture. That is the term the Overstock CEO Patrick Byrne uses to describe the reality that Wall Street now controls the regulatory bodies set up over the last one hundred years to regulate Wall...

Topps yanks Madoff cards before they hit shelves

This years Topps Allen & Ginter Baseball cards have already hit store shelves, minus the highly anticipated rookie card of fraudster Bernie Madoff. Yeah, that's right!! The modern day Charlies Ponzi,...

Jim Cramer & Wall Street Try To Bury Cutting-Edge Treatment

I am very angry again today. It makes me SICK SICK SICK every time I think about the men who could have been on Provenge for over two years, yet still can't get it. I have friends who are literally dying for...

Madoff sentenced to 150 years for Ponzi Scheme

Update: 29 June 2009 12:28 PM EDT Madoff is sentenced to 150 years in prison for Wall Street's biggest Ponzi Scheme."Historic swindler Bernard Madoff was sentenced to 150 years in prison [today] for a fraud so...

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