Group Think, Duct Tape and Slam Dunks
Stephen Foley (From New York) The Independant CHRIS COX Investors around the world are counting the spiralling cost of the biggest fraud in history, a $50bn scam that has ensnared billionaire businessmen and tiny charities alike and whose tentacles have stretched further and deeper than anyone imagined. The fallout from the arrest of the Wall […]
MoreBloomberg By Jesse Westbrook and John Tucker Dec. 16 (Bloomberg) — Bernard Madoff’s financial records were “utterly unreliable” and will take six months to sort out, said Stephen Harbeck, president of the Securities Investor Protection Corp. “There are some assets, but I have no idea what the relationships of the assets available are to […]
MoreEconomy in Turmoil and Bailout Plans Adrift THE SAN FRANCISCO CHRONICLE Carolyn Lochhead, Chronicle Washington Bureau Sunday, December 7, 2008 Washington — Detroit automakers are in line behind governors who are in line behind banks, seeking emergency aid from Washington. Nearly $8 trillion in federal commitments is already out the door, and half of the […]
MoreTHE NEW YORK TIMES November 30, 2008 One Man’s Military-Industrial-Media Complex By DAVID BARSTOW In the spring of 2007 a tiny military contractor with a slender track record went shopping for a precious Beltway commodity. The company, Defense Solutions, sought the services of a retired general with national stature, someone who could open doors at […]
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