Archive for July 16th, 2010

After Goldman Sachs settlement, SEC looking at exotic financial products – Washington Post

Posted on July 16th, 2010 in Fraud, Wall Street Scams | Comments Off

Reuters After Goldman Sachs settlement, SEC looking at exotic financial products Washington Post The Wall Street bank at first slammed the SEC and said it had done nothing wrong. Sources close to the case said that about a month after the SEC filed its … Weighing the Trade-Offs in the Goldman Settlement New York Times (blog) Goldman pays $550 mln to settle CDO suit with SEC MarketWatch Goldman's Grand Delusions Finally Hit Reality: Jonathan Weil BusinessWeek Newsweek

News Wrap: Stocks Tumble on Consumer Sentiment, Earnings Numbers – NewsHour

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Central Florida News 13 News Wrap: Stocks Tumble on Consumer Sentiment, Earnings Numbers NewsHour Also, federal officials announced the largest-ever crackdown on Medicare fraud . HARI SREENIVASAN: The bears were back on Wall Street today. … Wall Street stocks tumble 2.2% on poor US bank results National Business Review US Stocks Slip; Mixed Economic Data Cuts Into Earnings Optimism Wall Street Journal Dow's winning streak falters after financial overhaul ABC Online all 445 news articles

Jobs apologises for iPhone 4 fault

Posted on July 16th, 2010 in Economy | Comments Off

Apple’s chief executive gave a grudging apology for the reception problems plaguing the device and said the company would give free cases to all buyers at least until the end of September

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Jobs apologises for iPhone 4 fault

Relief fails to lift bank stocks

Posted on July 16th, 2010 in Economy | Comments Off

The lifting of two of the biggest clouds hanging over the financial sector – uncertainty over Washington’s new rules for Wall Street and a high-profile regulatory action against Goldman Sachs – failed to revive US banking stocks

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Relief fails to lift bank stocks

Private matters

Posted on July 16th, 2010 in Economy | Comments Off

Hugh Hefner, the man with perhaps the strongest claim to having taken sex public, wants to go private. Given the financial state of his company, he may be making a virtue of necessity

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Private matters

Convictions From Crisis Hard – Wall Street Journal

Posted on July 16th, 2010 in Wall Street Scams | Comments Off

Los Angeles Times Convictions From Crisis Hard Wall Street Journal On Thursday, Goldman became the first Wall Street investment bank to pay a price for alleged misdeeds during the financial crisis, settling civil charges … New Evidence Strengthens Wall Street Suit Huffington Post (blog) Another View: A Victory for the Rule of Law New York Times (blog) After Goldman Sachs settlement, SEC looking at exotic financial products Washington Post Los Angeles Times

Wall Street: The banks are still boss – The Guardian

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Wall Street : The banks are still boss The Guardian Cut through all the fancy terminology and this was an old-fashioned fraud case, in which Wall Street's finest were charged with screwing over their own … and more

AIG to pay $725m to settle lawsuit

Posted on July 16th, 2010 in Economy, Fraud | Comments Off

AIG is to pay $725m to a group of Ohio pension funds to settle a six-year-old class-action lawsuit over allegations of securities fraud

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AIG to pay $725m to settle lawsuit

GE to keep its businesses combined

Posted on July 16th, 2010 in Economy | Comments Off

General Electric will emerge largely unscathed from the financial reform process in the US, allowing the conglomerate to keep the business model combining industrial and financial products

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GE to keep its businesses combined

Fighting back against the free sites

Posted on July 16th, 2010 in Economy | Comments Off

Adult entertainment companies such as Playboy are suffering from the availability of free online pornography, with producers and publishers unable to prevent free sites from carrying pirated material

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Fighting back against the free sites

Kent Reliance poised for tie-up with Flowers

Posted on July 16th, 2010 in Economy | Comments Off

The audacious move will be a bitter pill to swallow for Kent’s 180,000 members as the venture marks a dramatic shift from the typical building society model

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Kent Reliance poised for tie-up with Flowers

Tracing a line from Dodd-Frank to Goldman Sachs – Los Angeles Times

Posted on July 16th, 2010 in Wall Street Scams | Comments Off

Wall Street Pit (blog) Tracing a line from Dodd-Frank to Goldman Sachs Los Angeles Times So should telling Wall Street firms that they can't create products that are designed to fail for some customers in order to benefit others. … SEC deal lifts cloud off Goldman GulfNews all 20 news articles

PRESS RELEASE: Cordray Secures Record Settlement with AIG – Wall Street Journal

Posted on July 16th, 2010 in Economy, Fraud, Wall Street Scams | Comments Off

AFP PRESS RELEASE: Cordray Secures Record Settlement with AIG Wall Street Journal Since taking office in January 2009, Attorney General Cordray has aggressively sought accountability of Wall Street institutions and executives who violated … AIG agrees to pay $725M in settlement Salon AIG will pay $1 billion to Ohio's pension funds, others Columbus Dispatch AIG to Pay $725 Million in Ohio Case New York Times all 320 news articles

Wall Street stocks tumble 2.2% on poor US bank results – National Business Review

Posted on July 16th, 2010 in Economy, Wall Street Scams | Comments Off

France24 Wall Street stocks tumble 2.2% on poor US bank results National Business Review Stocks on Wall Street crumbled under the weight of poor earnings reports and more concerns about the state of the economy. Bank stocks, in particular, … US Stocks Slip; Mixed Economic Data Cuts Into Earnings Optimism Wall Street Journal Dow's winning streak falters after financial overhaul ABC Online all 343 news articles

Planet Antares Scam Solutions Offers Tips to Avoid Job Scams – Online PR News (press release)

Posted on July 16th, 2010 in Scams, Work From Home Scams | Comments Off

Planet Antares Scam Solutions Offers Tips to Avoid Job Scams Online PR News (press release) Typically, scammers will tell buyers that they can work at home in their pajamas or make a thousand dollars a month by filling out a few surveys. …

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Planet Antares Scam Solutions Offers Tips to Avoid Job Scams – Online PR News (press release)

Legal Briefing: A Dell Deal the SEC (Probably) Can’t Refuse – DailyFinance

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Legal Briefing: A Dell Deal the SEC (Probably) Can't Refuse DailyFinance The Wall Street Journal reports that Dell has proposed a settlement to the … and more

94 Indicted In Five-State Crackdown On Medicare Fraud – Kaiser Health News

Posted on July 16th, 2010 in Fraud, Scams, Wall Street Scams | Comments Off

Boston Globe 94 Indicted In Five-State Crackdown On Medicare Fraud Kaiser Health News … 7/16) The Wall Street Journal: “In Brooklyn, the government charged, among others, doctors Gustave Drivas and Jonathan Wahl and their partners. … Big Medicare fraud bust…BP: No sign of leaks…Stocks slide 9&10 News National Digest Annapolis Capital all 704 news articles

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US tries to recoup Fannie, Freddie losses |

Posted on July 16th, 2010 in Scams | Comments Off

The regulatory agency said it has issued 64 subpoenas seeking loan files and other documents to determine whether the sellers of those securities made any false statements or omissions. Fannie and Freddie had tried to do so themselves …

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US tries to recoup Fannie, Freddie losses |

Another View: A Victory for the Rule of Law – New York Times (blog)

Posted on July 16th, 2010 in Fraud, Wall Street Scams | Comments Off

Reuters Another View: A Victory for the Rule of Law New York Times (blog) So it is no surprise that Wall Street players believe Goldman Sachs got the better part of the deal when it settled the securities fraud case against it by … Goldman to pay $550m to settle SEC fraud case Independent But Who Won? Sizing Up Goldman's Deal With the SEC Wall Street Journal (blog) Goldman Sachs handed record $550m fine over Abacus transaction The Guardian The Big Money

Finreg heralds a Great Escape for bankers

Posted on July 16th, 2010 in Economy | Comments Off

A number of issues have been decided in the past week, and all largely in the interests of financial services companies and their shareholders, writes John Authers

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Finreg heralds a Great Escape for bankers

Searching For Internet Job Scams – OfficialWire (press release)

Posted on July 16th, 2010 in Fraud, Scams, Work From Home Scams | Comments Off

Searching For Internet Job Scams OfficialWire (press release) Many people are connecting day by day in internet job scams that are cheated by work at home job provider. Below are some tips how to identify internet job … Increasing Incidence Of Scams And Fraud OfficialWire (press release) all 6 news articles

Carte Goodwin Clears Path for Senate to Extend Unemployment Benefits – CBS News

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CBS News Carte Goodwin Clears Path for Senate to Extend Unemployment Benefits CBS News Give aways to wall street is called good old FREE market at work . Give aways to the ordinary citizen they call socialism? Seems like a scam to me. … and more

RBS considers Goldman legal action

Posted on July 16th, 2010 in Economy | Comments Off

UK bank awarded $100m as part of lower-than-expected settlement between the SEC and the US investment bank

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RBS considers Goldman legal action

Patient buyers retain high hopes for 787

Posted on July 16th, 2010 in Economy | Comments Off

Boeing’s fuel-saving 787 promises to shake up the landscape for the 50-plus customer airlines which have ordered a total of 863 of the passenger jet

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Patient buyers retain high hopes for 787

Toy Story merchandising

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Disney hopes to sell $2.4bn of film-linked merchandise

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Toy Story merchandising

Live blog: Apple gives free bumpers to iPhone 4 owners – CNET

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CNET Live blog: Apple gives free bumpers to iPhone 4 owners CNET That deals with carriers are a scam . That carrier's fees are a scam . & on and on…but no. Apple will probably give out free rubber cases or something … and more

Chinese beauty market

Posted on July 16th, 2010 in Economy | Comments Off

Manufacturers are scrambling to win the affections of the mushrooming middle class

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Chinese beauty market

US bank results worry investors

Posted on July 16th, 2010 in Economy | Comments Off

Markets hate uncertainty, and this week two of the great uncertainties that have hovered over Wall Street for months — the SEC case against Goldman Sachs and the final shape of the financial reform bill — were finally resolved

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US bank results worry investors

Financial Reform Bill? Government Won't Regulate Itself !

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Refresher Course: Democrats Covered Up Fannie & Freddie Scam . Video Here. The MSM died in early 2008 and jumped in bed with Obama and his Marxist/Socialist Agenda. The Truth is difficult to find in the Media these days that is why I …

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Financial Reform Bill? Government Won't Regulate Itself !

Boeing / Airbus

Posted on July 16th, 2010 in Economy | Comments Off

New contenders are locking on to the tails of the established aircraft manufacturers, particularly in the single-aisle market

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Boeing / Airbus

Medicare Fraud Arrests Underway, Involving 94 Medical Professionals – HULIQ

Posted on July 16th, 2010 in Fraud, Work From Home Scams | Comments Off

Medicare Fraud Arrests Underway, Involving 94 Medical Professionals HULIQ With the help of new tools in the Affordable Care Act, including stiffer penalties and better information sharing, we will continue to work with our federal … and more

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Economics – July 16 | Energy Bulletin

Posted on July 16th, 2010 in Fraud, Scams | Comments Off

You tell me how that differs from what the US government is doing with Fannie and Freddie. Sure, there’s one main difference with Lehman and Bank of America: the scale of creative accounting/fraud. $4.4 trillion is real money. … Is that truly in the best interest of the citizens of the country, or does it in truth only scam those citizens ever more for the benefit of an elite that isn’t even clever enough to not lose bigtime at the nation’s crap tables? …

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Economics – July 16 | Energy Bulletin

Android platform boosts Sony Ericsson sales

Posted on July 16th, 2010 in Economy | Comments Off

Revenues grew 25% at the mobile phone maker in the second quarter of the year, thanks to tits focus on high-end phones using the popular operating system

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Android platform boosts Sony Ericsson sales

Big Medicare fraud bust…BP: No sign of leaks…Stocks slide – 9&10 News

Posted on July 16th, 2010 in Fraud, Scams, Wall Street Scams | Comments Off

MLive.com Big Medicare fraud bust…BP: No sign of leaks…Stocks slide 9&10 News NEW YORK (AP) — Stocks are lower at the start of trading on Wall Street . Citigroup and Bank of America have reported lower revenues and Google's earnings … National Digest Annapolis Capital all 412 news articles

BofA profits hit by weak mortgage revenues

Posted on July 16th, 2010 in Economy | Comments Off

Bank of America’s quarterly profits fell slightly from a year ago as weak investment-banking and mortgage revenues countered gains from asset sales and improving credit conditions

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BofA profits hit by weak mortgage revenues

Goldman Sachs Fine in Fraud Case: Wall Street Firm Can Afford It – Politics Daily (blog)

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Washington Post Goldman Sachs Fine in Fraud Case: Wall Street Firm Can Afford It Politics Daily (blog) … Commission says the $550 million fine imposed on Goldman Sachs to settle a civil fraud case is the largest penalty ever paid by a Wall Street firm. … Goldman's next headache CNNMoney Goldman paying $550M to settle civil fraud charges The Associated Press Goldman Sachs 'Victory' Ushers Change for Wall Street BusinessWeek Wall Street Journal (blog)

Goldman Makes Another Great Deal — for Goldman, of Course …

Posted on July 16th, 2010 in Scams | Comments Off

Anyone notice that most of the money is going to the SEC, and NOT to the people who lost money to the Goldman/ Fannie Mae mortgage scam ? I’ve been saying it for a while, NO one from Goldman is going to jail or losing his job over this …

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Goldman Makes Another Great Deal — for Goldman, of Course …

Citigroup manages to remain in the black

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The US banking group notched a second consecutive quarter in the black, helped by a $2bn reduction in its provision for credit losses

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Citigroup manages to remain in the black

(7/2010) BOOK REVIEW: Chasing Goldman Sachs By Suzanne McGee – Basil & Spice

Posted on July 16th, 2010 in Economy, Wall Street Scams | Comments Off

ABC Online (7/2010) BOOK REVIEW: Chasing Goldman Sachs By Suzanne McGee Basil & Spice look at the forces that transformed Wall Street from its traditional role as a capital-generating and economy-boosting engine into a behemoth operating with … Goldman Sachs ready to pay $50 million to settle civil suit TopNews United Kingdom (blog) Business Highlights BusinessWeek all 16 news articles

Spencer, Ia Tea Party Patriots Blog » Pathetic News

Posted on July 16th, 2010 in Scams | Comments Off

And it was Fannie and Freddie that enabled the whole scam . “This settlement is a stark lesson to Wall Street firms that no product is too complex, and no investor too sophisticated, to avoid a heavy price if a firm violates the …

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Spencer, Ia Tea Party Patriots Blog » Pathetic News

BEFORE THE BELL: US Stock Futures Higher As GE, BAC Top Estimates – Wall Street Journal

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Central Florida News 13 BEFORE THE BELL: US Stock Futures Higher As GE, BAC Top Estimates Wall Street Journal Still, shares fell 4.7% to $470.78 in premarket trading, as the company's earnings missed Wall Street's expectations. General Electric Co. … UPI NewsTrack Business UPI.com European Stocks, US Futures Fluctuate; BP Rises, Roche Falls BusinessWeek Hopes over BP oil spill, Goldman settlement lift stocks MarketWatch ABC News

Residents urged to be wary of scams – The Coloradoan

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Residents urged to be wary of scams The Coloradoan Anyone considering having work done at their home should first check with the Better Business Bureau, ask for recommendations or references, … and more

Economic crime team work with BT to warn customers of scam – Sutton Coldfield Observer

Posted on July 16th, 2010 in Work From Home Scams | Comments Off

Economic crime team work with BT to warn customers of scam Sutton Coldfield Observer They also want to reassure the public that BT will not demand immediate payment, disconnect customers during a call or turn up unannounced at the home …

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Economic crime team work with BT to warn customers of scam – Sutton Coldfield Observer

For Derivatives, Law Could Bring New Light – New York Times (blog)

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For Derivatives, Law Could Bring New Light New York Times (blog) Since then, derivatives have been central to the debate over how tightly to regulate Wall Street's freewheeling ways. Now, many people in the securities … Remarks Before SIFMA Post-Financial Reform Conference – CFTC Chairman Gary Gensler Exchange News Direct Jim Collura: Derivatives Reform Will Benefit — Not Burden — End Users Investing Contrarian all 34 news articles

Leary admits to 1 felony in scam – Fort Wayne Journal Gazette

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Leary admits to 1 felony in scam Fort Wayne Journal Gazette The sentence could be served on work release or home detention. Leary was initially accused of conspiring with Joseph Garretson, a local mortgage broker and … and more

Holding Bankers' Feet to the Fire | GRETCHEN MORGENSON |

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The agency announced last Monday that it had issued 64 subpoenas to a throng of unidentified financial services institutions, seeking documents related to mortgage securities that Fannie and Freddie bought from Wall Street during the …

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Holding Bankers' Feet to the Fire | GRETCHEN MORGENSON |

Briefs: MLS wants to keep Donovan after World Cup – San Jose Mercury News

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Briefs: MLS wants to keep Donovan after World Cup San Jose Mercury News A second former University of Kansas athletics official admitted in court that he knew about a massive scam that allegedly involved the theft and sale of at … and more

Government Mess: Financial Reform Bill? Government Won't Regulate …

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Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused most of our Economic Crisis! The MSM will Never Show the Truth! At a 2004 hearing see Democrat after Democrat covering up and …

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Government Mess: Financial Reform Bill? Government Won't Regulate …

How To Avoid Scams And Frauds Through Scamchecker Authority – OfficialWire (press release)

Posted on July 16th, 2010 in Fraud, Scams, Work From Home Scams | Comments Off

How To Avoid Scams And Frauds Through Scamchecker Authority OfficialWire (press release) DO NOT DEPOSIT a check or money order to a work -at- home offer or a sweepstakes. 8. NEVER PAY AN UPFRONT FEE in order to collect a lottery or sweepstakes …

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How To Avoid Scams And Frauds Through Scamchecker Authority – OfficialWire (press release)

Banks Seek to Keep Profits as New Oversight Rules Loom – New York Times (blog)

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Banks Seek to Keep Profits as New Oversight Rules Loom New York Times (blog) The ink is not even dry on the new rules for Wall Street , and already, the bankers are a step ahead of everyone else. In ways large and small, … and more