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Donald Trump Slapped with $40 Million Lawsuit by New York 26 Aug 2013 | 08:49 pm
New York’s attorney general sued Donald Trump for $40 million Saturday, saying the real estate mogul helped run a phony “Trump University” that promised to make students rich but instead steered them ...
Lawsuit Settlements, SEC Fines Point to Two-tier Legal System 23 Aug 2013 | 11:14 pm
I’ve got a bookmarks folder on the cloud where I store links to articles describing lawsuit settlements and fines resulting from what can only be categorized as criminal activity by individuals workin...
TSX Venture: Catch a Falling Knife 12 Aug 2013 | 09:16 pm
Small gains in the battered TSX Venture in the last couple of weeks might tempt some to declare an end to the downward drift that has seen the index lose more than 60% of it value since its March 2011...
Euro-Zone’s Sovereign Borrowing Accelerates 1 Aug 2013 | 03:25 am
The 17 nations that use the euro racked up debts at an accelerated rate in the first three months of the year, a development likely to sharpen criticism of the bloc’s austerity drive and intensify cal...
FOMC Statement Translated 1 Aug 2013 | 02:39 am
I thought it might be useful to some readers to provide a translation of today’s statement by the Fed on behalf of its Federal Open Market Committee. Though the statement is in English, it tends towar...
Bernanke Only Deferring Day of Reckoning for Fed 29 Jul 2013 | 10:09 pm
By E.S. Browning Wall Street Journal Reassuring statements from the Federal Reserve have calmed financial-market anxieties. Stocks have recovered their June losses. But the Fed may not have solved...
SAC Indictment: Anyone Willing to Cheat can Profit on Wall Street 29 Jul 2013 | 09:25 pm
Wall Street now has to contemplate life without SAC Capital Advisors, the hedge fund that manages billions of dollars. In a rare and aggressive action, federal authorities on Thursday indicted the fu...
More Evidence of Collusion Among US Regulators and Banks 22 Jul 2013 | 11:49 am
When the Federal Reserve gave JPMorgan (JPM) Chase & Co. approval in 2005 for hands-on involvement in commodity markets, it prohibited the bank from expanding into the storage business because of the ...
Limping into the Economic Abyss 14 Jul 2013 | 09:14 pm
At the risk of sounding like a broken record, I preface this essay with the principle economic theme of the 21st century: The ongoing weakness in the global economy is the continuation of a world fina...
Financial Crisis #63: Coming on Like a Freight Train 4 Jul 2013 | 10:30 pm
You know that feeling you get when a gorgeous summer day with not a cloud in the sky suddenly becomes overcast, then the air gets still, then the clouds turn black, and you know without a shadow of do...
