Bernard Madoff, a quiet force on Wall Street for decades, was arrested and charged on Thursday with allegedly running a $50 billion "Ponzi scheme" in what may rank among the biggest fraud cases ever.
By Larken Rose
Politicians are crooks. Does anyone NOT know that? What's really amazing is that, despite how often they get caught doing shady things, some people apparently think that such events are unusual. Getting CAUGHT may no
Weeks before they came to Washington seeking a financial rescue, corporations and individuals at the center of the nation’s financial crisis contributed a combined $14 million for the Democratic and Republican conventions in Denver and St. Pau
Fallen US insurance giant American International Group owes financial firms some 10 billion dollars on speculative trades that turned sour, the Wall Street Journal reported on Wednesday.
The UN global warming conference currently underway in Poland is about to face a serious challenge from over 650 dissenting scientists from around the globe who are criticizing the climate claims made by the UN IPCC and former Vice President Al Gore.
Congressional leaders struck a deal on a bill to disburse 15 billion dollars to bail out the cash-strapped auto sector, which is to be put to a House of Representatives vote later Wednesday. Bill calls for the appointment of a "car czar".
The film reportedly would begin with Bolles' death and continue through the investigation conducted by several newspapers afterward, an effort known as the Arizona Project.
The governor of Illinois was arrested Tuesday for conspiring to sell an appointment to president-elect Barack Obama's recently open US senate seat, prosecutors said.
When the Washington Nationals played their first-ever baseball game in the nation's capital, 2 congressmen who oversaw mortgage giant Freddie Mac had choice seats; courtesy of the very company they were supposed to be keeping an eye on.
December 5th 2008
The uptick rule prevented hedge funds and other professional traders from pushing the stock down by shorting, more shorting, and shorting again. Without the protection of the uptick rule, once a stock is selected by short sellers its fate is sealed.
The Big Three are back on Capitol Hill today. This time their talking to Congress about getting a multi-billion dollar bailout package.
Few members clash publicly with Pelosi. Reps. John Dingell (D-Mich.) and Jane Harman (D-Calif.), who were at odds with Pelosi over the last few years, were stripped of their top committee posts.
Former Prince George's County [where else?] schools chief was sentenced to 6 years in federal prison for steering contracts to a girlfriend and a longtime business associate and then orchestrating what prosecutors called an "egregious"
To further rub salt into the wound these higher earners will also pay an additional 1pc in National Insurance costs, giving an effective taxation rate of 61pc - a rate not seen since the late 1980s. (Great Britain,... then USA)
D.C. officials say that Rep. Charles B. Rangel (D-N.Y.), who recently has been buffeted by questions about his personal taxes and real estate dealings, was incorrectly given a tax break on a house he owned in the District.
WASHINGTON (AP) — Rushing to rescue Citigroup, the government agreed to shoulder hundreds of billions of possible losses at the stricken bank and to plow a fresh $20 billion into the company.
Patriots in 39 cities across America came together on the 98th anniversary of the creation of the Federal Reserve - just to voice their dissapproval over this unconstitutional 'private company'.
FBI agents arrested a Boston city council member Friday after he was allegedly videotaped taking a $1,000 bribe from an undercover agent in an expanding investigation into corruption at City Hall and the Massachusetts Statehouse.
Corn is central to agriculture in the United States, where it is grown in greater volumes and receives more government subsidies than any other crop. Between 1995 and 2006 corn growers received $56 billion in federal subsidies, and the annual figure
The sexual favors, whistleblower intimidation, and routine fraud behind the fiasco that has triggered the global financial crisis. Eventually the deal-making turned frenetic. Multiple wholesalers began inundating mortgage brokers with offers for the
Investors did an abrupt turnaround on Wall Street Thursday, muscling the Dow Jones industrial average up more than 550 points after driving it down near its lows for the year on a stream of negative economic and corporate news.
Was Kennedy's assassination a warning to future leaders not to screw with the Fed? Perhaps. END THE FED
To the outside observer, the 2008 Asset Management Conference held this week at the Pointe Hilton Squaw Peak Resort in Phoenix was nothing out of the ordinary. The conference at the posh resort included many senior managers at American International
Are you a Natural Born Citizen of the U.S.? Are you legally qualified to hold the Office of President? Dear Mr. Obama... (soon to be a USA Today ad!)
With recession a reality not a perception and consumer confidence at a record low—the package may be bigger and broader. But that doesn’t mean it will be any wiser or more likely to leave a lasting impression on the nation’s economy or psyche of cons
A constitutional clause designed to protect members of Congress from abusive or harassing lawsuits is increasingly being used by lawmakers as a shield in public corruption investigations, frustrating investigators even as the FBI attempts to police w
America is still the vision of a people who stand on their natural rights and govern themselves. In these dark days remember and go home to your community. Look into the eyes of your neighbors and come together. The people will govern themselves
Each of the firm's 443 partners is on course to pocket an average Christmas bonus of more than £3million. (are you mad yet!?!)
Alaska Sen. Ted Stevens says he's not dropping out of his Senate race despite being convicted of seven corruption charges. He was convicted of lying about $250,000 in home renovations and other gifts from a wealthy oil contractor.