Gibson Dunn on GE’s Oil-for-Food Fraud Case – The American Lawyer

Posted on July 28th, 2010 in Fraud, Wall Street Scams | No Comments »

Gibson Dunn on GE's Oil-for-Food Fraud Case The American Lawyer … such settlement the SEC has struck with companies accused of paying kickbacks in the oil-for-food program, according to The Wall Street Journal. … and more

Obama to Congress: Aid small biz – Politico

Posted on July 28th, 2010 in Work From Home Scams | No Comments »

Obama to Congress: Aid small biz Politico The first lady's work space is a rarely-seen part of the White House. A provision of the Wall Street reform bill will affect women and minorities. … and more

Liberal Policies, Not Capitalism, Caused This Economic Condition – RushLimbaugh.com (subscription)

Posted on July 27th, 2010 in Wall Street Scams | No Comments »

RushLimbaugh.com (subscription) Liberal Policies, Not Capitalism, Caused This Economic Condition RushLimbaugh.com (subscription) These people who are creative on Wall Street had to come up with ways to make these worthless mortgages worth something, so they created all this stuff. …

6 Liberal Policies, Not Capitalism, Caused This Economic Condition   RushLimbaugh.com (subscription)

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Liberal Policies, Not Capitalism, Caused This Economic Condition – RushLimbaugh.com (subscription)

Anyway You Cut It – Sales Just Aren’t Cutting It – Forex Hound (blog)

Posted on July 27th, 2010 in Wall Street Scams | No Comments »

Anyway You Cut It – Sales Just Aren't Cutting It Forex Hound (blog) As a long-time market-watcher, I get a kick out of those countless Wall Street “experts” who focus so slavishly on “the number. … and more

Ross Mandell, ex-trader in fraud case, peddles his reality TV show – Washington Post

Posted on July 27th, 2010 in Fraud, Wall Street Scams | No Comments »

Ross Mandell, ex-trader in fraud case, peddles his reality TV show Washington Post NEW YORK — A former Wall Street trader accused with associates of swindling more than $140 million from investors is angling for his own reality television … and more

SEC pays $1 million to woman who ratted on her ex – Washington Post (blog)

Posted on July 26th, 2010 in Economy, Wall Street Scams | No Comments »

SEC pays $1 million to woman who ratted on her ex Washington Post (blog) One of Wall Street's best-known hedge fund managers is targeted, but the feds can't find proof. Years pass, and they close the case. … and more

Ex-trader accused of fraud seeks to clear name on TV – Broadcast Newsroom

Posted on July 26th, 2010 in Fraud, Wall Street Scams | No Comments »

Ex-trader accused of fraud seeks to clear name on TV Broadcast Newsroom By Reuters NEW YORK (Reuters) – A former Wall Street trader accused with associates of swindling more than $140 million from investors is angling for his …

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Ex-trader accused of fraud seeks to clear name on TV – Broadcast Newsroom

Elizabeth Warren and Her Discontents – Huffington Post (blog)

Posted on July 26th, 2010 in Wall Street Scams | No Comments »

Elizabeth Warren and Her Discontents Huffington Post (blog) And Tim Geithner, whose vision of Wall Street and its problems is fundamentally different from Geithner's. There are others, too – ideologues like Megan … and more

Citibank iPhone app accidentally saves personal information – Examiner.com

Posted on July 26th, 2010 in Wall Street Scams | No Comments »

Examiner.com Citibank iPhone app accidentally saves personal information Examiner.com The Wall Street Journal reports that the Citicard iPhone app has a glitch in it whereby it has saved personal account information. … and more

Minnesota, God and the $190 million fraud – CNNMoney

Posted on July 26th, 2010 in Fraud, Wall Street Scams | No Comments »

Minnesota, God and the $190 million fraud CNNMoney Kiley called his listeners “truth seekers” and appealed to their distrust of Wall Street and the government. Cook said that he could trade currencies with …

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Minnesota, God and the $190 million fraud – CNNMoney

Wall Street businesses have returned money to Ohio, but Richard Cordray … – PolitiFact

Posted on July 26th, 2010 in Wall Street Scams | No Comments »

Wall Street businesses have returned money to Ohio, but Richard Cordray … PolitiFact It's good politics to present yourself as fighting for the little guy against the corrupt corporate behemoths of Wall Street . Ohio Attorney General Richard … and more

Financial reform law will reward whistle-blowers – Omaha World-Herald

Posted on July 26th, 2010 in Fraud, Wall Street Scams | No Comments »

Financial reform law will reward whistle-blowers Omaha World-Herald WASHINGTON — The new financial reform law has what some lawyers call a secret weapon against fraud on Wall Street and in corporate America: the promise of … Paid to Whistle CFO.com Magazine all 2 news articles

Wall Street Still Doesn’t Have a Sheriff – New York Times

Posted on July 26th, 2010 in Fraud, Wall Street Scams | No Comments »

Bobsguide (press release) Wall Street Still Doesn't Have a Sheriff New York Times THE current range of opinion on the Securities and Exchange Commission's $550 million settlement in the Goldman Sachs fraud suit lines … SEC makes Goldman man up The News Journal It's a Start WebCPA all 9 news articles

Love on the Other Side of The Street – Can Hope Conquer Wall Street’s Woes? – Huffington Post (blog)

Posted on July 25th, 2010 in Wall Street Scams | No Comments »

Love on the Other Side of The Street – Can Hope Conquer Wall Street's Woes? Huffington Post (blog) In an attempt to restore my own hope, I gathered with friends to bring some Love to Wall Street . The purposeful venue was the terrace of 15 Broad Street in …

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Love on the Other Side of The Street – Can Hope Conquer Wall Street’s Woes? – Huffington Post (blog)

Gretchen Morgenson: Wall Street Refused To Stop Shady Practices In Order To … – Huffington Post (blog)

Posted on July 24th, 2010 in Wall Street Scams | No Comments »

Gretchen Morgenson: Wall Street Refused To Stop Shady Practices In Order To … Huffington Post (blog) The biggest bet which has paid off immensely for Wall Street is banking on the American people's ignorance. The truth is they have bought most of the … Seeing vs. Doing New York Times all 2 news articles

Why is Face the Nation hosting John Fund despite his history of falsehoods? – Media Matters for America

Posted on July 24th, 2010 in Wall Street Scams | No Comments »

Why is Face the Nation hosting John Fund despite his history of falsehoods? Media Matters for America On July 25, Face the Nation will host Wall Street Journal columnist John Fund, who has pushed phony allegations that the Justice Department engaged in … and more

Digging into finance’s pay dirt: The risky business of payday loans and more – Washington Post

Posted on July 24th, 2010 in Wall Street Scams | No Comments »

Washington Post Digging into finance's pay dirt: The risky business of payday loans and more Washington Post Chris Dodd's bill “financial reform” and started calling it ” Wall Street reform.” Most of the headlines and news releases on the sweeping legislation …

6 Digging into finances pay dirt: The risky business of payday loans and more   Washington Post

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Digging into finance’s pay dirt: The risky business of payday loans and more – Washington Post

ECRI Weekly Leading Indicators at Negative 9.8; Has the ECRI Blown Yet Another Recession Call?

Posted on July 24th, 2010 in Economy | No Comments »

Inquiring minds have been watching the ECRI’s weekly leading index plunge nonstop since October of 2009. Moreover the WLI has been in negative territory for 6 consecutive weeks. click on chart for sharper image Is that a recession call by the ECRI? Absolutely not, at least as of June 14, according to Lakshman Achuthan managing director of ECRI who blasted the Wall Street Journal for misleading reporting. The Business Insider discusses the situation in Why Last Week’s Collapsing ECRI …

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ECRI Weekly Leading Indicators at Negative 9.8; Has the ECRI Blown Yet Another Recession Call?

First Time in History – Direct Bidders Buy More Treasuries than Wall Street Dealers; Reflections on Common Sense

Posted on July 24th, 2010 in Economy | No Comments »

Here’s an interesting sign of the times from Bloomberg: Treasury Bids Rise 18% as Investors Surpass Dealers For the first time since the government started collecting the data, central banks, mutual funds and U.S. banks are buying more government securities at Treasury auctions than Wall Street’s bond dealers. Foreign and domestic investors bidding directly at note and bond auctions bought 57 percent of the $1.26 trillion in Treasuries sold by the government this year, up from 45 percent …

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First Time in History – Direct Bidders Buy More Treasuries than Wall Street Dealers; Reflections on Common Sense

Inquiry Begun of SEC Timing in Goldman Fraud Case – New York Times

Posted on July 23rd, 2010 in Fraud, Wall Street Scams | No Comments »

Washington Post Inquiry Begun of SEC Timing in Goldman Fraud Case New York Times In the letter, Mr. Issa noted that a July 17 article in The Wall Street Journal about the settlement reported that Robert Khuzami, the director of the SEC's … Slapped wrist for Goldman and it's straight back to business Financial Times Burg Simpson Seeks Justice for Victims of Investment Fraud 24-7PressRelease.com (press release) As financial reform becomes law, SEC emerges with new powers and duties Washington Post Daily Markets

Feinberg Rules that Firms Do Not Have to Return Payouts – Associated Content

Posted on July 23rd, 2010 in Wall Street Scams | No Comments »

Los Angeles Times Feinberg Rules that Firms Do Not Have to Return Payouts Associated Content According to the Wall Street Journal, Kenneth Feinberg claims it would be “unfair” for the government to demand back the $1.6 billion bailout money 17 … The pay czar's Wall Street report card Salon all 1,004 news articles

Bankers overpaid by $1.6bn during crisis

Posted on July 23rd, 2010 in Economy | No Comments »

Citigroup, Bank of America and 15 other bailed-out financial services companies overpaid their top executives by $1.6bn during the height of the financial ­crisis, according to a review by the White House’s ­special master on Wall Street compensation

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Bankers overpaid by $1.6bn during crisis

Michael Dell Fined $4 Million for Disclosure and Accounting Fraud – DailyFinance

Posted on July 23rd, 2010 in Fraud, Wall Street Scams | No Comments »

Moneycontrol.com Michael Dell Fined $4 Million for Disclosure and Accounting Fraud DailyFinance Dell's fraudulent accounting made it appear that it was consistently meeting Wall Street earnings targets and reducing its operating expenses through the … Dell to Pay $100 Million Settlement New York Times Dell to pay $100M to settle SEC fraud charges USA Today $100 million settles Dell accounting- fraud charges CNET Register

PRESS DIGEST – Wall Street Journal – July 23 – Reuters

Posted on July 23rd, 2010 in Wall Street Scams | No Comments »

PRESS DIGEST – Wall Street Journal – July 23 Reuters July 23 (Reuters) – The following were the top stories in The Wall Street Journal on Friday. Reuters has not verified these stories and does not vouch for … and more

The pay czar’s Wall Street report card – Salon

Posted on July 22nd, 2010 in Wall Street Scams | No Comments »

Salon The pay czar's Wall Street report card Salon We already know that Wall Street has no shame; I don't think they're going to be responsive to some nasty name-calling. Mr. Feinberg's findings could … and more

What Happened at the ‘Enron of Kansas’? – New York Times (blog)

Posted on July 22nd, 2010 in Wall Street Scams | No Comments »

What Happened at the 'Enron of Kansas'? New York Times (blog) Hard as it is to fathom, some three years into the worst financial crisis of our lifetimes, not a single Wall Street or corporate … and more

Financial reform law includes big cash incentives for whistle-blowers – Los Angeles Times

Posted on July 22nd, 2010 in Fraud, Wall Street Scams | No Comments »

Financial reform law includes big cash incentives for whistle-blowers Los Angeles Times The new financial reform law has what some lawyers call a secret weapon against fraud on Wall Street and in corporate … and more

Industrial groups defy gloom with strong orders

Posted on July 22nd, 2010 in Economy | No Comments »

Caterpillar and 3M issued bullish calls while delivering second-quarter profits ahead of Wall Street’s expectationss

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Industrial groups defy gloom with strong orders

Caterpillar shrugs off industrial concerns

Posted on July 22nd, 2010 in Economy | No Comments »

The world’s biggest maker of earth-moving equipment brushes off worries about a slowdown in global industrial demand as it raises its forecast for full-year profits and reports earnings far ahead of Wall Street expectations

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Caterpillar shrugs off industrial concerns

FORECLOSURE GAME CHANGER? Mortgage Bond Holders Challenge Loan …

Posted on July 21st, 2010 in Fraud, Scams | No Comments »

With Fannie and Freddie also big buyers of Wall Street mortgage bonds, their regulator this month used its subpoena power to seek documents and see if it could recoup losses for the two companies, which have received tens of billions in …. scam , securitization, servicers, settlement, sewer service, shadow foreclosures, shapiro & fishman pa, short sale, siva, spear & hoffman, Steven J Baum, steven mnuchin, stock, STOP FORECLOSURE FRAUD, stop foreclosure fraud …

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FORECLOSURE GAME CHANGER? Mortgage Bond Holders Challenge Loan …

Digits Live Show: Virtual Goods Show High Risk of Fraud – Wall Street Journal (blog)

Posted on July 21st, 2010 in Fraud, Wall Street Scams | No Comments »

Digits Live Show: Virtual Goods Show High Risk of Fraud Wall Street Journal (blog) The Wall Street Journal's Ben Worthen and Jessica Vascellaro discuss the growing market for digital wares and the steps that social-networking and gaming …

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Digits Live Show: Virtual Goods Show High Risk of Fraud – Wall Street Journal (blog)

Historic Whistleblower Reforms Included in Wall Street Reform Bill Signed into … – Common Dreams (press release)

Posted on July 21st, 2010 in Fraud, Wall Street Scams | No Comments »

Historic Whistleblower Reforms Included in Wall Street Reform Bill Signed into … Common Dreams (press release) WASHINGTON – July 21 – Significant whistleblower reforms included in the Dodd-Frank Wall Street Reform and Consumer Protection Act were signed into law by … Financial Reform Law Promises Large Rewards For Wall Street Whistleblowers … PR Newswire (press release) Milberg Expands Practice to Include Representation of Securities Fraud … Earthtimes (press release) Editorial by Kansas Securities Commissioner: Wall Street Reform and Kansas … State of the State KS (subscription) all 15 news articles

Fannie Subpoenas to Show $30B Bad Mortgages, Rosner Says – Bloomberg

Posted on July 21st, 2010 in Wall Street Scams | No Comments »

Seer Press Fannie Subpoenas to Show $30B Bad Mortgages, Rosner Says Bloomberg The US is trying to determine whether misrepresentations might require issuers to repurchase debt, producing funds from firms that may include Wall Street's … Holding Bankers' Feet to the Fire New York Times (blog) all 310 news articles

Standing up to Wall Street – Oak Hill Gazette

Posted on July 21st, 2010 in Wall Street Scams | No Comments »

Los Angeles Times Standing up to Wall Street Oak Hill Gazette If you are mugged on the street, you'll lose the content of your wallet, but if you are mugged by Wall Street , you can lose the savings of a lifetime. … Wall Street Reform Signed Into Law ABC News (blog) Leahy Hails Transparency Advances in Newly Enacted Wall Street Reform Bill PR Newswire (press release) Financial Reform Law: What's In, and What's Out CBS News AlterNet (blog)

Wall Street Ends the Day Higher – New York Times (blog)

Posted on July 21st, 2010 in Fraud, Wall Street Scams | No Comments »

Wall Street Ends the Day Higher New York Times (blog) … and Exchange Commission to settle fraud accusations — financial stocks rallied and led a gain that extended to energy companies and materials producers … and more

SEC’s Demand That Goldman Admit `Mistake’ Could Spur Wall Street Lawsuits – Bloomberg

Posted on July 20th, 2010 in Wall Street Scams | No Comments »

Reuters SEC's Demand That Goldman Admit `Mistake' Could Spur Wall Street Lawsuits Bloomberg Last week's accord between New York-based Goldman Sachs and the SEC removed a cloud over Wall Street's most profitable firm. The SEC accused Goldman Sachs … Tough Stretch Sees Poor 2nd Quarter at Goldman New York Times (blog) Judge approves $550 million Goldman settlement The Associated Press Goldman Sachs: The bank standing at the crossroads Independent Wall Street Journal (blog)

Wall Street Ends the Day Higher – New York Times

Posted on July 20th, 2010 in Fraud, Wall Street Scams | No Comments »

Wall Street Ends the Day Higher New York Times … and Exchange Commission to settle fraud accusations — financial stocks rallied and led a gain that extended to energy companies and materials producers …

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Wall Street Ends the Day Higher – New York Times

Al Franken May Have Won His Senate Seat Through Voter Fraud – U.S. News & World Report (blog)

Posted on July 20th, 2010 in Fraud, Wall Street Scams | No Comments »

Al Franken May Have Won His Senate Seat Through Voter Fraud U.S. News & World Report (blog) As the Wall Street Journal's John Fund reports, Minnesota Democrat Al Franken's narrow, 312-vote victory in 2008 over incumbent Sen. … and more

Goldman Earnings: Fab Gets “Thrown to the Wolves” – Wall Street Journal (blog)

Posted on July 20th, 2010 in Fraud, Wall Street Scams | No Comments »

Kansas City Star Goldman Earnings: Fab Gets “Thrown to the Wolves” Wall Street Journal (blog) Goldman's general counsel and lead negotiator Gregory Palm, whom the NY Times dubbed a consummate Wall Street deal maker, may have cut a good deal for … Wall Street May Finally Breathe Easier New York Times Goldman Sachs posts lower earnings on SEC pact cost Reuters Goldman's 'Fab': I didn't do anything wrong CNNMoney BusinessWeek

Goldman profit plunge knocks Wall Street – Financial Times

Posted on July 20th, 2010 in Fraud, Wall Street Scams | No Comments »

Goldman profit plunge knocks Wall Street Financial Times Some of the analysts didn't include the $550m cost of settling with the Securities and Exchange Commission over fraud allegations last week. … and more

SEC chief points to stepped-up enforcement – The Associated Press

Posted on July 20th, 2010 in Fraud, Wall Street Scams | No Comments »

MiamiHerald.com SEC chief points to stepped-up enforcement The Associated Press Her comments also are coming after the agency agreed to let Wall Street giant Goldman Sachs pay $550 million to settle civil fraud charges. … Excerpt:SEC's Schapiro Outlines Ways SEC To Improve Oversight IMarketnews.com all 335 news articles

India This Evening: Satyam Scam Case: Raju’s Brother, 3 Others Get Bail – Wall Street Journal (blog)

Posted on July 20th, 2010 in Wall Street Scams | No Comments »

India This Evening: Satyam Scam Case: Raju's Brother, 3 Others Get Bail Wall Street Journal (blog) The Wall Street Journal has not verified these stories and does not vouch for their accuracy. Satyam Scam Case: Raju's Brother, 3 Others Get Bail: The … and more

Democrats Are On Your Side: Reforming Wall Street and Protecting Consumers – American Chronicle

Posted on July 19th, 2010 in Wall Street Scams | No Comments »

Democrats Are On Your Side: Reforming Wall Street and Protecting Consumers American Chronicle Years without accountability for Wall Street and big banks brought us the worst financial crisis since the Great Depression, the loss of 8 million jobs, … and more

DOJ charges 94 with $251 million worth of Medicare fraud – Mass Device

Posted on July 19th, 2010 in Fraud, Wall Street Scams | No Comments »

DOJ charges 94 with $251 million worth of Medicare fraud Mass Device … multi-agency Medicare Fraud Strike Force, known as the Health Care Fraud Prevention & Enforcement Action Team or “HEAT,” told the Wall Street Journal's … and more

Holding Bankers’ Feet to the Fire – New York Times (blog)

Posted on July 19th, 2010 in Wall Street Scams | No Comments »

Holding Bankers' Feet to the Fire New York Times (blog) The subpoenas are designed to tell the agency what many of us want to know: How did Wall Street package and sell private-label mortgage securities to … and more

News Blog > British & American Scam Banking – HousePriceCrash.co.uk

Posted on July 19th, 2010 in Fraud, Scams | No Comments »

Fannie Mae/Freddie Mac etc. cannot package these products for sale to investors and if they cannot sell, they will have no funds to buy more dubious mortgages from corrupt and fraudulent Wall Street banks. With no additional funds, …

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News Blog > British & American Scam Banking – HousePriceCrash.co.uk

Congresswoman Waters Celebrates Senate Passage of Wall Street Reform – BigNews.biz (press release)

Posted on July 18th, 2010 in Wall Street Scams | No Comments »

Congresswoman Waters Celebrates Senate Passage of Wall Street Reform BigNews.biz (press release) Congresswoman Maxine Waters (CA-35) celebrated the Senate's passage of the conference report of the Wall Street Reform and Consumer Protection Act. The … and more

How Wall Street starved millions – Socialist Worker Online (blog)

Posted on July 18th, 2010 in Wall Street Scams | No Comments »

How Wall Street starved millions Socialist Worker Online (blog) The article is titled “The Food Bubble: How Wall Street Starved Millions and Got Away With It.” AMY GOODMAN: The author of the article, Frederick Kaufman, …

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How Wall Street starved millions – Socialist Worker Online (blog)

The Men Who Ended Goldman’s War – The Ledger

Posted on July 18th, 2010 in Wall Street Scams | No Comments »

The Men Who Ended Goldman's War The Ledger Mr. Khuzami, a former in-house counsel at Deutsche Bank, was well-versed in the inner workings of Wall Street deal-making. In the end, Goldman decided to … and more

Scamraiders website documents, warns of fraud – The Desert Sun

Posted on July 18th, 2010 in Fraud, Wall Street Scams | No Comments »

Scamraiders website documents, warns of fraud The Desert Sun … newspaper and radio commentator Walter Winchell, singer Frank Sinatra, Eddie Gilbert — once dubbed the “boy wonder” of Wall Street — and many others. … and more