This is starting to look like a trend — Florida Republican activists are demanding a “special emergency closed meeting” with state party chairman Jim Greer. Their stated reasoning is nebulous, but a quick scan of the names reveals some supporters of Marco Rubio, the dark horse candidate running against More…
Well, at least one banking executive is personally feeling the pain of the foreclosure crisis: Wells Fargo has fired a top employee who moved into a foreclosed Malibu beach house and threw lavish parties all summer there, the Los Angeles Times reports.
Cheronda Guyton, a senior vice president responsible
With disgraced Ponzi schemer Bernard Madoff safely behind bars to serve his 150- year prison sentence, the business of figuring out how he pulled off one of the greatest financial swindles of all time is in full swing. The Washington Post looks at three new books out on More…
The investigation into disgraced financier Bernard Madoff’s Ponzi scheme is taking a new turn, as the Securities and Exchange Commission begins investigating whether some of Madoff’s biggest “victims” actually were in on the scam, The Wall Street Journal reports.
Some of the victims apparently were able to state the More…
Well, if this doesn’t take some nerve: After ripping off billions of dollars of other people’s money, disgraced Ponzi-schemer Bernard Madoff wants to hang on to his $7 million penthouse and his $62 million in cash, New York’s CBS affiliate says:
Court papers filed on Monday state that Madoff
Forget credit default swaps, mortgage-backed securities and all those complicated financial instruments that are causing the economy so much trouble. Wall Street is reeling today instead from a straightforward, by-the-books, $50 billion Ponzi scheme apparently orchestrated by the once-respected investor Bernard Madoff, a former chairman of the Nasdaq Stock More…
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